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Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS

Chancellor should resist temptation to announce unfunded tax cuts in March budget, advises leading thinktank

Jeremy Hunt’s financial planning is “dubious” and “lacks credibility”.. - source: The Guardian - 27.02.2024

February dip sends UK food price inflation to nearly two-year low

Shoppers helped by falling energy costs and supermarket competition as meat, fish and fruit prices drop

Tumbling energy costs and a price war between Britain’s supermarkets have slowed.. - source: The Guardian - 27.02.2024

UK public services will buckle under planned spending cuts, economists warn

Chancellor is considering cutting billions more from public spending to pay for reductions in tax or NI

Britain’s stretched public services will buckle under the weight of the spending.. - source: The Guardian - 26.02.2024

Put aside differences to focus on growth across UK, Ed Balls tells politicians

Former shadow chancellor is one of the authors of a new academic paper on how to bridge the regional divide

Britain needs a 20-year cross-party consensus to level up the economy and unleash.. - source: The Guardian - 25.02.2024

As Ukraine’s economy burns, Russia clings to a semblance of prosperity

Kyiv could require $500bn to get the country back on its feet. But Moscow has so little debt that even sanctions have not done much damage … yet

Factories destroyed. Roads blown to.. - source: The Guardian - 24.02.2024

UK posts largest ever budget surplus in January, but ‘tax sandwich’ looms – business live

Rolling coverage of the latest economic and financial news, as UK’s budget surplus doubles year-on-year in January to £16.7bn

Jeremy Hunt’s budget giveaway ‘will act as sweet filling in.. - source: The Guardian - 21.02.2024

China needs to do more on ‘silent crisis’ of debt, says World Bank official

Beijing must be more ready to support countries facing distress, says deputy chief economist

China holds the key to speeding up debt relief and ending the “silent crisis” that is.. - source: The Guardian - 21.02.2024

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

Britain is showing signs of recovery from its mild recession and will.. - source: The Guardian - 20.02.2024

Voters may at last be coming round to Biden’s sunny view of the economy

America’s robust economic indicators under the president have not been reflected in opinion polls – but that could be changing

Joe Biden has spent most of his presidency insisting to.. - source: The Guardian - 20.02.2024

UK middle classes ‘struggling despite incomes of up to £60,000 a year’

Insecure jobs and high housing costs make it hard to maintain decent living standard, says abrdn Financial Fairness Trust

Britain’s insecure jobs market and high housing costs are leading.. - source: The Guardian - 20.02.2024

Barclays launches £2bn cost-cutting drive after drop in profits – business live

Barclays announces cost-cutting drive to boost returns, shakes up its operations and aims to return £10bn to shareholders over the next three years

U-turn and profits dip add up to tricky.. - source: The Guardian - 20.02.2024

Notting Hill residents’ capital gains exceed people of ‘three cities combined’

Study shows people in London district made more in 2015-19 than combined populations of Liverpool, Manchester and Newcastle

People living in Notting Hill, west London, received more in.. - source: The Guardian - 20.02.2024

Unions warn against watering down Labour reforms of workers’ rights and ban on zero-hours contracts

TUC call follows admission by CBI president that it is pushing party to soften its plans

Union leaders have warned business groups against pushing Keir Starmer to water down Labour’s.. - source: The Guardian - 20.02.2024

Peaky Blinders creator calls HS2 ‘gamechanger’ for West Midlands

Steven Knight, who is building a film studio in Birmingham, says line is catalyst for activity as data shows £10bn boost to region

The Peaky Blinders creator Steven Knight said HS2 has.. - source: The Guardian - 20.02.2024

Salt Bae restaurant charging nearly £700 for a steak cuts heating to save cash

Owner of Nusr-Et Steakhouse says profits rose 44% in 2022 as sales soared by nearly two-thirds

It may charge nearly £700 for its most expensive steak but even flamboyant.. - source: The Guardian - 19.02.2024

Bank of England ‘could worsen recession’ without interest rate cuts soon; UK property market gaining momentum – business live

Rolling coverage of the latest economic and financial news, as Andy Haldane urges central bank to consider interest-rate cuts

Before he left the BoE in 2021, Andy Haldane warned –.. - source: The Guardian - 19.02.2024

Richard Partington: To revive Britain from recession the next government must get growth right

Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis

Britain’s economy is in a deep rut. After news confirming the country.. - source: The Guardian - 18.02.2024

Record long-term sickness bodes ill for UK economic growth

Years of austerity, followed by Covid, have left Britain with an unhealthy workers and businesses struggling to recruit, but the road to recovery, of all kinds, will be long

Britain has a.. - source: The Guardian - 17.02.2024

US unions target the housing affordability crisis as their ‘biggest issue’

Organized labor across the country is now setting its sights on housing costs as rents and mortgages continue to soar

As housing has become a top issue in strikes and protests in recent.. - source: The Guardian - 16.02.2024

UK retail sales rebound after Christmas slump; NatWest profits jump 20% – business live

Rolling coverage of the latest economic and financial news

UK tips into recession in blow to Rishi Sunak

NatWest, the bank partly owned by the UK government, has reported a jump.. - source: The Guardian - 16.02.2024