30 h. ago ALEX BRUMMER: Reeves hasn't 'fixed the economic foundations'

As the Chancellor lives it up with her fellow G7 finance ministers at the £350-a-night Rimrock Resort Hotel in Canada's Rocky Mountains, her credibility at home is draining away.

Economics

48 h. ago UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

April figure more than expected and comes despite increase in employer national insurance contributionsBusiness live – latest updatesThe UK government borrowed more than expected in April, underscoring the challenge for Rachel Reeves to fix public services and grow the economy while meeting her fiscal rules.With the chancellor under pressure on Labour’s tax plans, the Office for National Statistics (ONS) said public sector net borrowing rose to £20.2bn in April, £1bn more than the same month a year earlier. City economists had forecast borrowing of £17.9bn. Continue reading...

Economics

5 d. ago ALEX BRUMMER: Trumpian tariff on movies is an arrow pointed at Britain

Donald Trump's movie adviser, veteran Oscar-winning actor Jon Voight, thinks tax breaks for Hollywood rather than a blunt levy on foreigners is the answer.

Politics

6 d. ago It’s not a rich list – it’s gone far beyond that. We need to talk about ‘extreme wealth’ | Dhananjayan Sriskandarajah

We recognise extreme poverty as ruinous, but this turbo-charged affluence is deeply damaging too. Treat it as suchDhananjayan Sriskandarajah is chief executive of the New Economics Foundation and author of Power to the PeopleOnce again, it’s the Hinduja family. Gopi Hinduja and his family, who run the Hinduja Group, are cited as Britain’s richest family in the latest Sunday Times rich list. The big story so far seems to be that their wealth has dropped to £35.3bn from £37.2bn the year before. But that story, and much of the discussion there will be this weekend, risks missing the real story. “Rich list” is barely the right description for the extreme wealth we should be talking about.In 1989, when the Sunday Times first published its annual rich list, to be included someone would need to have 6,000 times the wealth of the average person in the UK. That’s already a pretty big gap – but this has now tripled to more than 18,000 times the average, according to a study by the University ...

Events

1 week ago ALEX BRUMMER: The nation is in the grip of an immigration row

With the nation in the grip of an almighty row over immigration, you'd be forgiven for having missed the main story - but it's one you cannot afford to ignore.

Politics

1 week ago The simple mistake that saw me miss out on making MILLIONS: City Editor ALEX BRUMMER reveals blunder that cost him a 192,000% return on his money with Warren Buffett

As American investment giant Warren Buffett retires at 94, City Editor ALEX BRUMMER tells how he turned down the opportunity to make his own fortune in the early 1980s.

Economics

3 w. ago Selling the Royal Mail to a shadowy foreign billionaire is an act of economic vandalism that savages our nation's heritage and breaches the public interest, says ALEX BRUMMER

It would take a real Scrooge of a post office boss not to rejoice at Christmas, a time of year when mail delivery services across Europe typically enjoy bumper revenues.

Economics

3 w. ago How Trump's 100 days of havoc took a huge chunk from your pension and investments: ALEX BRUMMER

Trump's landmark period is like no other in modern presidential politics, leaving businesses and investors in a state of trepidation.

Politics

3 w. ago ALEX BRUMMER: Donald Trump's 100 days of havoc takes huge chunk from your pension

Trump's landmark period is like no other in modern presidential politics, leaving businesses and investors in a state of trepidation.

Politics