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‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending
The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned
You could pin the US’s staggering $40tn in government debt to Donald Trump’s.. - source: The Guardian - 20.08.2026
Democrats and Republican outraged over $40tn national debt – US politics live
Deficit has doubled over the past decade with spending growing under Trump and Biden
US gross national debt tops $40tn for first time
Sign up for the US Breaking News.. - source: The Guardian - 20.08.2026
Sales of trainers dive as cost of living pressures hit JD Sports performance
Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain
Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures,.. - source: The Guardian - 20.08.2026
Can Andy Burnham tame the power of the Treasury to boost growth?
PM wants to reduce department’s stranglehold on public purse and bring long-term thinking to economic policy
Andy Burnham is far from the first prime minister to dream of taming the power.. - source: The Guardian - 19.08.2026
US treasury doubles debt buyback to steady bond market amid inflation fears
Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond market
The US treasury is doubling its buyback of government debt in an.. - source: The Guardian - 19.08.2026
Is the US actually too chicken to take on China for trade?
A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports
Since China offered a truce in the trade war last October following its.. - source: The Guardian - 19.08.2026
UK pay growth slows as Iran war prompts cost of living squeeze
Unemployment rate remained at 4.9% in the three months to the end of June, ONS figures show
Wage growth in the UK slowed in June as workers come under pressure from a renewed cost of living.. - source: The Guardian - 18.08.2026
Brent crude climbs above $91 a barrel
Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business.
Oil prices have.. - source: The Guardian - 18.08.2026
Top economists urge Burnham to sign UK up to UN initiative on global inequality
Open letter signed by 40 academics including Nobel winner Joseph Stiglitz and Kate Pickett, co-author of The Spirit Level
Forty prominent progressive academics are urging Andy Burnham’s.. - source: The Guardian - 18.08.2026
China’s economy showing signs that slowdown may be extending
Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever
China’s economy is showing signs of extending a slowdown with a slump in.. - source: The Guardian - 17.08.2026
Leading economies’ borrowing costs hit highest since 2008 crisis
Concern over impact of Iran war pushes up government bond yields in US, UK, France, Germany and Japan
Government borrowing costs in several advanced economies hit their highest level since.. - source: The Guardian - 17.08.2026
Summer jobs bounce back in UK thanks to busy calendar of sport and music
Industry tracker finds ‘exceptionally warm weather’ has helped boost job listings in hospitality and tourism sector
The summer job has staged a comeback this year thanks to the hot.. - source: The Guardian - 17.08.2026
Interest rate dilemma for central banks as inflation rises but growth slows
The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war
New UK cost of living crisis looms as rising energy bills lift.. - source: The Guardian - 16.08.2026
From tourism to power generation and productivity, Europe feels economic cost of heatwaves
Low river levels have stalled German freight traffic and forced closure of nuclear plants in France
Across Europe this scorching summer, workers have struggled in the heat as wildfires.. - source: The Guardian - 16.08.2026
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
British households are facing a renewed cost of living.. - source: The Guardian - 16.08.2026
Donald Trump doesn’t just love billionaires, he loves multimillionaires too
US tax policy deprives the government of revenue and overwhelmingly serves the interests of the rich
After the House passed its version of Donald Trump’s One Big Beautiful Bill Act.. - source: The Guardian - 15.08.2026
US long-term borrowing costs hit 25-year high, as inflation fears hit bond sale – business live
Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001
Gennadiy Goldberg, head of US rates strategy at TD Securities, agrees that.. - source: The Guardian - 14.08.2026
UK economic growth slows down as Iran war pushes up energy prices
GDP expanded by 0.4% in three months to June, down from 0.6% in the first quarter, says ONS
Economic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran.. - source: The Guardian - 13.08.2026
Live, rolling coverage of business, economics and financial markets as GDP rises in June despite Iran war after stagnating in May
Good morning, and welcome to our live, rolling coverage of.. - source: The Guardian - 13.08.2026
Premier of the People’s Republic of China regarded as an economic reformer who declared that the country had become ‘the factory of the world’
Zhu Rongji, who has died aged 97, was.. - source: The Guardian - 12.08.2026