20 h. ago Jeremy Corbyn says ‘discussions are ongoing’ after Zarah Sultana claimed she would ‘co

Sultana announced on Thursday she was quitting Labour to join Jeremy Corbyn’s Independent AllianceMy colleague Lauren Almeida, who is running the Guardian’s business live blog, has shared the following:Rachel Reeves has not given herself enough fiscal headroom to manage public finances, Charlie Bean, the former deputy of the Bank of England has said, and has to “neurotically fine tune taxes”.About £10bn – that’s a very small number in the context of overall public spending. Government spending is about one and a quarter trillion so £10bn is a small number and it is a small number in the context of typical forecasting errors.You can’t forecast the future perfectly both because you can’t forecast the economy and you can’t forecast all the elements of public finances . The forecasts are imprecise and there is no way you can avoid that. That is a fact of life.In light of reports of atrocities committed by the Israeli government in Gaza and reports of the UK’s collaboration with Israeli ...

Politics

22 h. ago Home secretary rejects Zarah Sultana’s claim Labour failing to improve lives – UK politics live

Sultana announced on Thursday she was quitting Labour to join Jeremy Corbyn’s Independent AllianceMy colleague Lauren Almeida, who is running the Guardian’s business live blog, has shared the following:Rachel Reeves has not given herself enough fiscal headroom to manage public finances, Charlie Bean, the former deputy of the Bank of England has said, and has to “neurotically fine tune taxes”.About £10bn – that’s a very small number in the context of overall public spending. Government spending is about one and a quarter trillion so £10bn is a small number and it is a small number in the context of typical forecasting errors.You can’t forecast the future perfectly both because you can’t forecast the economy and you can’t forecast all the elements of public finances . The forecasts are imprecise and there is no way you can avoid that. That is a fact of life.In light of reports of atrocities committed by the Israeli government in Gaza and reports of the UK’s collaboration with Israeli ...

Society

41 h. ago What is true on Rachel Reeves's CV as chancellor accused of changing length of time she was at Bank of England

The Chancellor of the Exchequer has been embroiled in a scandal over the editing of her LinkedIn

Politics

47 h. ago Home buyer mortgage demand expected by lenders to soften over summer months

Households are adjusting to ‘ongoing cost pressures’, one finance expert said.

Economics

67 h. ago Voices: So the Bank of England wants ideas for new banknotes: let’s start with our war heroes

While I like the idea of launching a push for Notey McNoteface, writes James Moore, for my money Britain has plenty of eminently notable figures who haven’t had the recognition they deserve

Events

2 d. ago Rates should be cut three more times in 2025, says Bank policymaker

Monetary Policy Committee member Alan Taylor flagged a ‘deteriorating outlook’ in the UK economy as trade woes mount.

Events

3 d. ago Bank of England wants you to decide what goes on the next banknotes

Noteworthy events in history could be depicted on notes

Politics

3 d. ago Business news live: Bank of England reveals tariffs impact on interest rates and TSB could depart the high street

Stock markets updates and business news from Wednesday

Economics

3 d. ago Business news live: Bank of England reveals trade tariffs influence on interest rate decisions

Stock markets updates and business news from Wednesday

Economics

3 d. ago 'Bank of Wokeness' to ditch historical figures from banknotes in push to reflect modern diversity

The Bank of England has been accused of 'wrongheaded wokery' after revealing it could drop historical figures from banknotes to reflect modern diversity.

Politics

3 d. ago Bank of England seeks views on theme for next series of banknotes

A consultation will be open until the end of July.

Politics

3 d. ago Interest rates are still on ‘downward’ path, says Bank of England chief

Governor Andrew Bailey also highlighted weakness in the UK labour market amid increased economic uncertainty.

Events

5 d. ago Rise in number of mortgage approvals to home buyers in May, says Bank of England

The increase in mortgage approvals for house purchase was described as a ‘welcome breath of fresh air’ by one housing market expert.

Economics

7 d. ago Voices: When it’s Rachel Reeves vs Andrew Bailey, I know who my money’s on

The governor of the Bank of England's response to the chancellor trying to talk up the flagging jobs market is quietly devastating, writes James Moore

Politics

8 d. ago Business news live: FTSE 100 latest updates with Bank of England warning of jobs market slowdown

Stock markets latest updates and business news on Friday

Events

8 d. ago Bank governor flags signs that employment tax hikes are hitting pay and jobs

Andrew Bailey also said pay growth is easing but policymakers still need to ‘squeeze out’ stubborn inflation.

Economics

1 week ago Bank chief says world ‘too unpredictable’ when forecasting UK economic outlook

Andrew Bailey said he viewed domestic issues as more important than global ones when it comes to setting interest rates.

Economics

1 week ago Bank of England governor Andrew Bailey warns Trump trade wars are creating unpredictability; UK restricts steel imports – as it happened

Bailey says the BoE doesn’t know how trade wars will play out, as UK brings in new restrictions on steel imports Oil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Events

1 week ago Bank of England governor Andrew Bailey warns Trump trade wars are creating unpredictability; UK restricts steel imports – business live

Oil has fallen to its lowest level since June’s conflict began, while stock markets have jumped across Asia and EuropeOil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Events

1 week ago Premium Bonds prize fund rate will be cut from August, NS&I announces

One finance expert said the ‘writing has been on the wall’ for Premium Bond prizes since a recent Bank of England base rate cut.

Politics