55 m. ago No 10 insists Reeves’ authority not dented by reshuffle after market jitters

Downing Street underscored ministers’ continuing commitment to fiscal rules as government borrowing costs surge

Culture

96 m. ago Reeves’ authority not dented by reshuffle, No 10 says in bid to calm markets

Downing Street underscored ministers’ continuing commitment to fiscal rules as government borrowing costs surge.

Culture

2 h. ago Pressure rises on Reeves as government borrowing costs hit 27

Chancellor will face more limited fiscal headroom at budget after yield on 30-year bond increases to 5.68%Business live – latest updatesReshuffle gymnastics prepare Starmer to walk tricky budget tightropeBritain’s long-term borrowing costs have hit their highest level in 27 years, intensifying the pressure on the chancellor, Rachel Reeves, before the autumn budget.The yield, or interest rate, on 30-year UK government debt hit 5.714% on Tuesday. That is its highest level since 1998, indicating that it will cost the UK more to borrow from the markets, above the previous 27-year high of 5.649% set in April. Continue reading...

Events

3 h. ago Is Reeves about to drive Britain off a financial cliff? Alarm grows as borrowing costs soar to even HIGHER than surge that toppled Truss (...and the Chancellor's face says it all)

Yields on 30-year UK bonds, known as gilts, leapt to just below 5.7 per cent, the highest level since 1998 in the wake of a reshuffle seen as sidelining Rachel Reeves.

Economics

5 h. ago Fears UK is heading for 'economic oblivion' as government borrowing costs soar to 27

Yields on 30-year UK bonds, known as gilts, leapt to just below 5.7 per cent, the highest level since 1998 in the wake of a reshuffle seen as sidelining Rachel Reeves.

Economics

6 h. ago Chancellor under pressure as government borrowing costs surge to 27

The yield on UK government bonds – also known as gilts – jumped to the highest level since 1998.

Politics

3 d. ago Parents in England to pay more for school lunches as caterers blame rising costs

As a new academic year begins providers say national insurance rises and food price inflation has forced up pricesParents across England are facing higher prices for school lunches as the new school year begins, with caterers blaming the government’s national insurance increase alongside rising food and energy costs.Lunch providers say increases in staffing costs, including employer national insurance contributions announced by the chancellor last year, have added “significant extra pressure” to their budgets. Continue reading...

Economics

1 week ago 'Do not scan code' on parking machines that empties bank accounts

The UK has seen a surge in parking scams in recent years, with five major cons costing drivers millions of pounds

Economics

1 week ago Travelodge weighed down by weaker London demand and surging costs

The company, which operates about 610 hotels, saw revenues slip by 3.2% to £471.3 million for the six months to June 30.

Politics

1 week ago UK government borrowed lower than forecast in July in boost for Rachel Reeves

Economists had widely predicted a higher July borrowing figure, making the actual outcome a positive surprise

Politics

1 week ago Government borrowing less than expected in July in boost for Reeves

The Office for National Statistics said the borrowing of £1.1 billion is the lowest July figure for three years.

Politics

1 week ago Investors warn of ‘new era of fiscal dominance’ in global markets

Combination of record government debt and rising borrowing costs puts central banks under pressure

Events

2 w. ago Reason why summer flights are skyrocketing and how to prevent it, according to expert

Many travellers are noting the surge in flight costs, luckily these tricks can help keep costs down, allowing for more budget to be spent in the sunshine.

Events

2 w. ago U.S. producer prices surge in July as Trump tariffs push costs higher

U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher

Economics

2 w. ago The national debt has reached a record $37 trillion, the Treasury Department reports

Donald Trump’s ‘Big, Beautiful Bill’ set to ramp up government borrowing even further

Economics

3 w. ago NHS launches review after more than 10,000 knee replacement patients were fitted with a potentially faulty implant that left many immobile and addicted to painkillers

The part failed up to six-times more often than would usually be expected, requiring corrective surgery costing £10,000 to £30,000 a time.

Events

3 w. ago Surge in household costs puts Reeves’s economic growth plan at risk

Labour prime minister Keir Starmer has pledged that plans to be set out in the budget in the autumn will make ‘sure people feel better off’

Economics

3 w. ago China’s overcapacity is creating instability at home and abroad | George Magnus

From high-speed rail to housing, the focus on Leninist industrial policies is destroying profits as well as GDPChina’s astounding technological success in mass-producing quality electric vehicles (EVs) sits alongside a serious flaw in its industrial model: overcapacity.It has the capacity to produce about three times as many units as it can sell at home. The consequences so far have included widespread price cutting, large losses, misallocation of capital, and surging low-cost EV exports leading to trade conflict. Continue reading...

Politics

3 w. ago China’s Leninist industrial policy is creating instability at home and abroad | George Magnus

Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP China’s astounding technological success in mass-producing quality electric vehicles (EVs) sits alongside a serious flaw in its industrial model: overcapacity.It has the capacity to produce about three times as many units as it can sell at home. The consequences so far have included widespread price cutting, large losses, misallocation of capital, and surging low-cost EV exports leading to trade conflict. Continue reading...

Events