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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 shortfall

Rachel 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


Elon Musk says Tesla will use humanoid robots from next year; Google’s $23bn bid for Wiz rebuffed – business live

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 - 23.07.2024


CrowdStrike says ‘significant number’ of devices back online after IT meltdown; Ryanair profits tumble 46% – business live

Cybersecurity 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


Retail sales in Great Britain slump by 1.2%; government borrowing figure for June is lowest since 2019 – business live

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 wage growth slows; global chip stocks fall amid growing tensions between US, China and Taiwan – business live

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 - 17.07.2024


The 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 - 16.07.2024


World 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


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