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Millions of UK public sector workers set for above-inflation pay rise
Rachel Reeves is expected to accept pay review body recommendations in move that could cost up to £10bn
Millions of public sector workers are set for an above-inflation pay rise due to be.. - source: The Guardian - 26.07.2024
Eight charts that lay bare Labour’s spending inheritance from Tories
Rachel Reeves will next week highlight figures showing a tougher picture than Osborne received in 2010
Reeves expected to reveal £20bn shortfallRachel Reeves is preparing to announce.. - source: The Guardian - 26.07.2024
US economic growth ramps up, growing 2.8% in latest quarter
Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession
The pace of US economic growth accelerated in the last.. - source: The Guardian - 25.07.2024
Why are US shares, gold and the dollar soaring?
The emergence of artificial intelligence has pushed the tech sector to all-time highs, but other assets have risen, too
The US stock market has been on a tear over the past two years. The.. - source: The Guardian - 25.07.2024
Soaring UK mortgage rates have pushed 320,000 adults into poverty, thinktank says
Institute for Fiscal Studies report says interests rate rises have inflicted differing levels of hardship
As many as 320,000 UK adults have been pushed into poverty by soaring mortgage.. - source: The Guardian - 24.07.2024
Russia is lying about its economic strength: sanctions are working – and we need more
The signs are clear that not everything is as rosy in Putin’s Soviet-style war economy as Moscow would have us believe
President Vladimir Putin and his authoritarian regime are peddling.. - source: The Guardian - 24.07.2024
US home sales fell more than expected in June amid record-high prices
Sales dropped 5.4% last month to a seasonally adjusted annual rate of 3.89m units, the lowest level since December
US existing home sales fell more than expected in June as the median house.. - source: The Guardian - 23.07.2024
Musk says Tesla will use and sell humanoid robots for manufacturing, while Israeli cybersecurity firm turns down a $23bn takeover offer from Google
European markets are open for trading,.. - source: The Guardian - 23.07.2024
Why preventing long-term sickness in the UK is an economic necessity
With extended life expectancy Britain has wound up an increasingly sick nation – and experts say that this is as bad for GDP as it is for our health
UK must move towards disease prevention.. - source: The Guardian - 23.07.2024Cybersecurity firm CrowdStrike still working to restore services after global outage last week, while Ryanair was hit by cost-conscious travellers
Good morning, and welcome to our rolling.. - source: The Guardian - 22.07.2024
Labour facing moment of truth over tax pledges, economists warn
Experts say 5.5% pay increase for public sector not ‘consistent’ with spending plans that rule out tax rises
Labour is fast approaching a moment of truth over its election pledges on.. - source: The Guardian - 21.07.2024
Developing countries face worst debt crisis in history, study shows
Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say
Developing countries are facing the worst debt crisis in history with almost.. - source: The Guardian - 21.07.2024
UK borrowing rises to higher-than-expected £14.5bn in June
Treasury says it has inherited worst post-war economy as figures point to big challenges for Rachel Reeves
Labour has said it has received the worst economic inheritance since the second.. - source: The Guardian - 19.07.2024
Retailers blame poor weather and economic conditions for sales drop; while government borrows £14.5bn in June
Retail sales fell by 0.1% in the second quarter from the first, contributing.. - source: The Guardian - 19.07.2024
UK labour market continues to cool; vacancies down
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The UK job market has.. - source: The Guardian - 18.07.2024
Fear of persistent inflation? Bank of England should shake it off
Some economists believe the UK leg of Taylor Swift’s Eras tour led to higher prices in June – but the full picture is more complicated
Hopes of August rate cut fall as inflation stays at.. - source: The Guardian - 17.07.2024The king’s speech sounded a bit like Labour governments of old. But only a bit
There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off
The message from the king’s speech was clear. After 14 years in opposition,.. - source: The Guardian - 17.07.2024
UK headline inflation rate remains unchanged at 2%
Latest ONS data shows reading stayed at the government’s target level in June for a second month in a row
Britain’s annual inflation rate remained unchanged at 2% last month – as the.. - source: The Guardian - 17.07.2024
UK interest rates will stay high unless service sector inflation falls, says IMF
Warning comes as Bank of England policymakers say price growth in service sector could become embedded
Larry Elliott: World needs economic stability, but if Trump wins we’re unlikely to get.. - source: The Guardian - 16.07.2024World needs economic stability after a tough few years, but if Trump wins we’re unlikely to get it
The attempt on the former president’s life may well result in a new era of trade tariffs, protectionism and a weak dollar
Opinion polls conducted since the weekend suggest Donald.. - source: The Guardian - 16.07.2024