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Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor says
The Bank of England is in no rush to raise interest rates while the outcome.. - source: The Guardian - 29.05.2026
Ministers in talks over shelving carbon tax on fertiliser to curb UK food inflation
Exclusive: Package of measures discussed with farmers, including pause on duty due to come into effect next year
Ministers are in discussions about suspending a carbon tax on fertilisers,.. - source: The Guardian - 28.05.2026
US inflation rose at fastest pace in three years in April as Iran war hikes up prices
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms
US inflation increased at its fastest pace in three years in April, driven.. - source: The Guardian - 28.05.2026
‘Lost generation’: why can’t young people get jobs? – The Latest
A landmark report has warned that the UK risks a ‘lost generation’ of young people, as new figures show that more than 1 million 16- to 24-year-olds in the UK were not in education,.. - source: The Guardian - 28.05.2026
UK risks £125bn hit a year from youth unemployment, landmark report says
Alan Milburn warns of ‘lost generation’ after number of young people not in work or education rises to more than 1m
Britain risks a financial hit worth £125bn a year from a worsening.. - source: The Guardian - 28.05.2026
Modelling shows 90% of young Australians will be better off under Labor’s tax reforms
The $1,000 tax deduction, $250 ‘working Australians tax offset’, and CGT and negative gearing changes will most benefit young people, Treasury secretary says
Get our breaking news.. - source: The Guardian - 28.05.2026
Rolling coverage of the latest economic and financial news
UK home ownership is increasingly out of reach for young people, David Thomas, the outgoing chief executive of Barratt Redrow is.. - source: The Guardian - 28.05.2026
Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’
Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’
Oil rose back above $100 a barrel on Tuesday, after fresh US.. - source: The Guardian - 26.05.2026
Next boss warns over ‘dramatic fall’ in UK entry-level jobs
Peer’s comments come as Milburn report is likely to find government has failed to tackle youth unemployment
The boss of Next has sounded the alarm about a “dramatic fall” in the.. - source: The Guardian - 26.05.2026
Oil price rises towards $100 a barrel as markets cling to US-Iran peace deal hopes – business live
Rolling coverage of the latest economic and financial news
Middle East crisis live: US attacks Iran missile sites as Tehran negotiators hold talks in Qatar
Rachel Reeves tells.. - source: The Guardian - 26.05.2026
UK consumers likely to face higher prices ‘for many months to come’
Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflict
Higher prices could persist over the summer even if ceasefire talks.. - source: The Guardian - 26.05.2026
Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year
Prewar US gas prices averaged about $3 a gallon nationally – kiss that number goodbye for 2026
Sorry, US drivers, but don’t expect pump prices to return to prewar levels any time soon,.. - source: The Guardian - 23.05.2026
UK borrows more than forecast in April as inflation adds to benefits bill
The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn
The UK borrowed more than expected in April as high inflation drove up.. - source: The Guardian - 22.05.2026
UK service sector activity slumps in one of sharpest declines for a decade
Firms hit by ‘perfect storm’ of uncertainty about Labour leadership and impact of Iran war
Companies in the UK’s dominant services sector have reported one of the sharpest declines in.. - source: The Guardian - 21.05.2026
Government releasing 11 documents relating to Andrew Mountbatten-Windsor’s appointment as trade envoy
The Home Office has also published asylum figures this morning. These show that the.. - source: The Guardian - 21.05.2026
Schools are ‘pipeline’ to joblessness for many people, says ex-Labour adviser
Ban social media and reform education to tackle scandal of young people not in work or study, says Peter Hyman
Schools have become a “pipeline” to worklessness for a large cohort of.. - source: The Guardian - 21.05.2026
Manchester shows biggest fall in inner-city deprivation in boost for Burnham
City made outsized contribution to falling levels of deprivation between 2010 and 2025, thinktank finds
Manchester has recorded the biggest fall in inner-city deprivation in Britain,.. - source: The Guardian - 21.05.2026
Reeves to promise free summer bus rides for children and food tariff cuts in living costs package
Chancellor launches ‘Great British summer savings scheme’ after Keir Starmer postpones fuel duty increase
Planned fuel duty rise to be scrapped, says Keir Starmer
Rachel Reeves is.. - source: The Guardian - 21.05.2026
Food inflation also slows sharply, to 3%, led by meat and chocolate, and package holidays drive inflation down further
Good morning, and welcome to our rolling coverage of business, the.. - source: The Guardian - 20.05.2026
Can Burnham turn ‘Manchesterism’ into a practical offer for government?
Roots of idea for ‘ending neoliberalism’ have been growing over many months – with many different influences
Manchesterism is “the end of neoliberalism”. That was the claim made.. - source: The Guardian - 19.05.2026