6 h. ago Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – business live

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.Donald Trump’s threat to impose a 30% on European Union imports from next month is weighing on European stock markets this morning.Most of Europe’s markets have dropped at the start of trading, pulling the pan-European Stoxx 600 index down by 0.6%.Inadvertently or otherwise the President is testing the market’s patience. At a time when investors had seemingly brushed aside the likelihood of the base line of tariffs settling at 10%, the new pronouncements suggest a level of between 15% and 20% being the norm, with additionally punitive numbers on the likes of Canada at 35% adding to the uncertainty.The so-called “TACO” trade will therefore be tested again, with markets drifting in the US on Friday and futures currently suggesting a similar fall today. In addition, and as the new 1 August extension approaches, nerves are likely to jangle. Continue readi...

Economics

6 h. ago Business news live: Bitcoin hits new high, interest rates cut hint and EU tariff threat

Stock markets updates and business news from Monday

Events

3 d. ago Rachel Reeves says May’s fall in GDP is ‘disappointing’; Trump tariffs knock markets – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

3 d. ago Business news live: Rachel Reeves reacts to ‘disappointing’ GDP figures, more lenders join sub

Stock markets updates and business news from Friday

Politics

3 d. ago Rachel Reeves says GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

3 d. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

3 d. ago Business news live: Economy figures ‘disappointing’ says Rachel Reeves, more lenders join sub

Stock markets updates and business news from Friday

Economics

3 d. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month running – business live

UK GDP falls by 0.1% in May, following 0.3% fall in April.US will impose 35% tariffs on Canadian imports, Trump says in letterFTSE 100 hit record high on ThursdayChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatlining growth in May highlights the ongoing pressures facing the UK ec...

Economics

3 d. ago UK economy shrinks for second month running in May – business live

UK GDP falls by 0.1% in May, following 0.3% fall in April.US will impose 35% tariffs on Canadian imports, Trump says in letterFTSE 100 hit record high on ThursdayThe pound has dropped against the US dollar, as investors react to this morning’s worse-than-expected GDP report.Sterling has lost a third of a cent to $1.354, a drop of 0.2%.“The economy contracted slightly in May with notable falls in production and construction, only partially offset by growth in services. However, across the latest three months as a whole, the economy still grew. This reflected strength earlier in the year that resulted, in part, from some activity being brought forward to February and March.“May’s fall in production was driven by oil and gas extraction, car manufacturing and the often-erratic pharmaceutical industry. Continue reading...

Economics

4 d. ago Business news live: UK inflation update, plus bitcoin and FTSE 100 hits new record highs

Stock markets updates and business news from Thursday

Economics

4 d. ago Business news live: UK inflation set to stay unchanged and Royal Mail to scrap second

Stock markets updates and business news from Thursday

Economics

4 d. ago Business news live: UK economic activity revealed and Nvidia set record as world’s first $4tn company

Stock markets updates and business news from Thursday

Economics

5 d. ago Business news live: Housebuilders pay £100m after investigation and Rachel Reeves sent Cash ISA plea

Stock markets updates and business news from Wednesday

Economics

5 d. ago Business news live: Housebuilders pay £100m after investigation and copper hits record price on tariff threat

Stock markets updates and business news from Wednesday

Economics

6 d. ago Business news live: Two more lenders drop mortgage rates and Monzo fined £21m over crime controls

Stock markets updates and business news from Tuesday

Economics

6 d. ago Business news live: FTSE 100 up after new Trump tariff rates and Monzo fined £21m over crime controls

Stock markets updates and business news from Tuesday

Economics

6 d. ago Business news live: FTSE 100 reacts to new Trump tariff rates and Apple appeal €500m EU fine

Stock markets updates and business news from Tuesday

Politics

6 d. ago Business news live: Trump sends 12 nations new tariff rates letters and Apple appeal €500m EU fine

Stock markets updates and business news from Tuesday

Politics

7 d. ago Business news live: Trump delays end of trade tariff pause and surprise June house prices data

Stock markets updates and business news from Monday

Economics

7 d. ago Business news live: Stock markets set for volatility with end of Trump’s tariff pause near

Stock markets updates and business news from Monday

Economics