48 h. ago Sick and disabled face being stripped of £1,200 a year each in welfare benefits as Reeves tries to balance Budget

As the OECD downgraded British growth forecasts, chancellor Rachel Reeves is still arguing over details of benefits cuts ahead of a major statement in the Commons

Economics

56 h. ago Fresh woe for Reeves as OECD joins bodies slashing UK growth forecasts

The OECD has trimmed expectations for his year and next as it warned of looming price rises from Donald Trump 's trade war.

Events

56 h. ago OECD cuts UK growth forecasts as Reeves grapples with weak economy

Downgrade comes ahead of Spring Statement, when official forecasts are expected to show much weaker GDP outlook

Politics

56 h. ago Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffsBusiness live – latest updatesDonald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has warned.In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico. Continue reading...

Politics

56 h. ago UK and global growth forecasts cut amid warnings over Trump’s trade war

The OECD warned that consumers would face much of the burden of the trade war as inflation is expected to be sent surging.

Events

1 week ago ‘Game changer’: German spending plans lift bond market’s growth forecasts

Chancellor-in-waiting Merz’s promise to do ‘whatever it takes’ pushes Bund yields sharply higher in anticipation of more issuance

Economics

1 week ago Business group slashes UK growth forecasts for the “long and challenging" year ahead

BCC economists expect inflation and interest rates to stay higher than previously forecast

Politics

1 week ago Economic growth forecast to slow amid fears over US tariffs on whisky

Ernst & Young LLP also warned employer national insurance increases could affect investment and hiring decisions.

Economics

2 w. ago Paddy Power owner Flutter eyes profit growth after record Super Bowl betting

The gambling giant, which says it is the world’s leading online sports betting firm, forecast significant growth this year.

Politics

3 w. ago BP slashes green energy spending and turns back towards fossil fuels

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

Events

3 w. ago Aston Martin slashes jobs amid ‘difficult but necessary’ cost

The luxury car manufacturer said 170 people would be affected, after its losses widened in 2024 following a slump in wholesale volumes.

Politics

3 w. ago Climate emissions slashed by 87% by 2040 – what will it mean for households?

The advisory Climate Change Committee says a third of the emissions reductions needed in 15 years will come from household action.

Society

3 w. ago Elon Musk’s demand that federal workers document what they do provokes chaos

FBI head Kash Patel tells agents to ‘pause’ responses to order as unnamed Pentagon official calls it ‘silliest thing in 40 years’US politics live – latest updatesElon Musk has poured fuel on to the fire raging across the US government over his ultimatum that federal workers document what they do at their jobs or face dismissal – by attacking a Pentagon official who had criticized the scheme as “the silliest thing I’ve seen in 40 years”.The billionaire businessman, who has been authorised by Donald Trump to slash the federal bureaucracy as head of the so-called “department of government efficiency” (Doge), stoked the flames in a post on his social media platform X late on Sunday night. He slammed the unnamed Department of Defense (DoD) official quoted by CNN, saying that “anyone with the attitude of that Pentagon official needs to look for a new job”. Continue reading...

Events

3 w. ago B&M slashes profit forecast amid ‘uncertain’ economy as CEO plans to retire

Chief executive Alex Russo said he will step down in April as the retailer issued a profit warning for the current financial year.

Economics

3 w. ago South Korea calls on Trump administration to exclude their country from trade tariffs

The state-run Korea Development Institute has downgraded its growth forecast for the national economy to 1.6% in 2025

Politics

3 w. ago UK firms cutting jobs at fastest rate in more than four years, survey shows

Businesses have been slashing jobs at the fastest rate in more than four years, with upcoming Budget cost rises 'intensifying' the pace of cuts, according to a new survey

Politics

4 w. ago HSBC reveals plans to cut jobs amid bid to slash costs by £1.2bn

The banking group said it will reduce its global staff costs by around 8% under the overhaul.

Economics