33 hours ago Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live

Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projectedCooling labour market adds to Reeves’s tax-raising dilemmaTwice as many people are out of work sick than are officially unemployed, says Dr Helen Gray, chief economist of Learning and Work Institute:This month’s data show that the number of people economically inactive due to long-term sickness remains elevated, at 2.8 million – double the number of people who are unemployed.This highlights the need for the forthcoming White Paper on the Plan to Get Britain Working to focus on joining up work, skills and health, and providing support to the 9-in-10 out-of-work disabled people each year who do not currently receive help to find work.“I think it’s a sign...

Economics

34 hours ago Global public debt to hit $100tn this year, says IMF; oil price slumps – business live

Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projectedCooling labour market adds to Reeves’s tax-raising dilemmaTwice as many people are out of work sick than are officially unemployed, says Dr Helen Gray, chief economist of Learning and Work Institute:This month’s data show that the number of people economically inactive due to long-term sickness remains elevated, at 2.8 million – double the number of people who are unemployed.This highlights the need for the forthcoming White Paper on the Plan to Get Britain Working to focus on joining up work, skills and health, and providing support to the 9-in-10 out-of-work disabled people each year who do not currently receive help to find work.“I think it’s a sign...

Economics

35 hours ago What is listeria? Almost 10 million pounds of meat recalled amid fears over contaminated ready meals

Certain people are more at risk of developing serious problems after being infected with listeriosis

Politics

37 hours ago Economists predict November cut to UK interest rates after wage growth hits two

Rolling coverage of the latest economic and financial news, as regular pay growth hits a two-year low and the oil price falls 4%Cooling labour market adds to Reeves’s tax-raising dilemmaTwice as many people are out of work sick than are officially unemployed, says Dr Helen Gray, chief economist of Learning and Work Institute:This month’s data show that the number of people economically inactive due to long-term sickness remains elevated, at 2.8 million – double the number of people who are unemployed.This highlights the need for the forthcoming White Paper on the Plan to Get Britain Working to focus on joining up work, skills and health, and providing support to the 9-in-10 out-of-work disabled people each year who do not currently receive help to find work.“I think it’s a sign of the d...

Events

38 hours ago Economists predict November cut to UK interest rates after wage growth slows – business live

Rolling coverage of the latest economic and financial news, as regular pay growth hits a two-year lowSusannah Streeter, head of money and markets at Hargreaves Lansdown, suggests the Bank of England might squeeze in two interest rate cuts this year, at its two remaining meetings in November and December:“Worrisome wage growth is in retreat, lifting expectations that borrowing costs will soon fall further. The rate of increase in average earnings (including bonuses) has fallen to 3.8%, a hugely significant drop given how pay growth had raced away in recent years.Although there had been forecasts for an even steeper fall, and wages are still beating inflation, this will still assuage concerns among policymakers about the risk that consumer price rises will pop back up into troublesome ter...

Economics