93 m. ago What is the spending review? Everything Rachel Reeves could announce to fix UK economy

The Independent looks at what the spending review is, why the government has launched one and what is expected to be in it

Economics

2 h. ago 2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffsBusiness live – latest updatesThe World Bank has cut its forecasts for growth, blaming Donald Trump’s trade war and says the 2020s are on course to be the weakest decade for the global economy since the 1960s.In its twice-yearly Global Economic Prospects report, the Washington-based lender reduced its forecast for global GDP growth this year to 2.3%, down from 2.7% in January. Continue reading...

Economics

3 h. ago Voices: Is Rachel Reeves a toxic influence in the workplace?

The number of job vacancies has taken a tumble just as the unemployment rate hits a four-year high – which is exactly what happens when you make it more expensive to take people on, says James Moore

Events

4 h. ago HUGO DUNCAN: Labour's dealt the economy a hammer blow. Joblessness is soaring. Now you are about to pick up the tab...

The cost of Labour is becoming clearer by the day. Sir Keir may believe Labour has 'fixed the foundations of the economy', says HUGO DUNCAN, but official figures show the opposite.

Economics

6 h. ago Rachel Reeves must not ignore London's vital role as engine of the British economy

Investing in London isn’t about favouring one region over another, it’s about backing the entire country to succeed

Politics

7 h. ago Will ANYONE say sorry for Labour's winter fuel chaos? Ed Miliband is latest minister to refuse to apologise for axing pensioners' cash before U

The Energy Secretary repeated the Government's claim that cutting the handout - worth up to £300 a household - last winter was needed to 'stabilise the economy'.

Politics

22 h. ago The Guardian view on Labour’s tough choices: they are costing the government dearly | Editorial

Austerity-era scepticism runs deep – and Labour’s abstract promises are falling flat as Nigel Farage rises in the pollsThe Labour government’s abrupt U-turn on winter fuel payments – restoring the benefit to more than three-quarters of pensioners – reveals less a change of heart than a sobering realisation in Westminster: after years of austerity, the public no longer gives politicians the benefit of the doubt. The irony is hard to miss. Labour set out to prove that “grown-up” economics means difficult decisions – only to find that once trust is lost, voters won’t accept vague promises without tangible results.It turns out many are sceptical that sacrifices will produce better results for society. That’s why ministers are struggling to justify cuts to disability benefits as a way to “fund” public services – or to convince the public that Britain can’t afford to lift the two-child benefit cap even as ministers claim they will reduce child poverty. There may be more conspicuous retrea...

Politics

27 h. ago US and China are holding trade talks in London after Trump's phone call with Xi

High-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy

Politics

27 h. ago FirstGroup sketches out a new route between Hereford and London

FirstGroup sketches out a new route between Hereford and London  Economy Class & Beyond -

Politics

31 h. ago Prince William warns oceans are ‘diminishing before our eyes’ in Monaco speech

Prince William, speaking at Monaco's Blue Economy and Finance Forum on Sunday (8 June), has warned world leaders about the oceans' "alarming state."

Events

49 h. ago Police told to stop asking for more cash to fight crime and 'do their bit' to repair the economy by Labour minister ahead of Spending Review

Technology Secretary Peter Kyle declined to rule out the prospect of a real-terms squeeze on areas such as policing this week.

Politics

52 h. ago Prince William calls for the world to 'act with urgency' to save the oceans in landmark speech

The Prince of Wales, 42, attended the Blue Economy and Finance Forum (BEFF) at the Grimaldi Forum in Monaco on Sunday.

Politics

53 h. ago Prince William beams as he joins Prince Albert of Monaco at forum to help the world's oceans

The Prince of Wales, 42, attended the Blue Economy and Finance Forum (BEFF) at the Grimaldi Forum in Monaco on Sunday.

Politics

55 h. ago Rachel Reeves is like Steve Jobs and will rescue the UK economy in the same way that he saved Apple, insists minister ahead of Spending Review

Peter Kyle likened the Chancellor's stewardship of the public finances to the late Mr Jobs' role at Apple when the company was on the brink of insolvency in the late 1990s.

Politics

60 h. ago Keir Starmer's military expansion could boost Scottish economy

Weapons firms in Edinburgh, Glenrothes, Livingston and Govan would be boosted but diplomacy may be the better route, says Mail Opinion.

Events

3 d. ago Germany plans rapid bunker expansion amid fears of Russian attack

Civil protection agency chief says country is ill-prepared for conflict and calls for urgent upgrades to cold war sheltersGermany is drawing up plans to rapidly expand its network of bomb-proof bunkers and shelters, the government’s most senior civilian protection official has said, warning the state needs to be prepared for an attack from Russia within the next four years.Ralph Tiesler, the head of the Federal Office of Civil Protection and Disaster Assistance (BBK), said Europe’s largest economy needed to wake up to the reality of conflict, and that in its current state Germany was inadequately prepared. Continue reading...

Events

3 d. ago Pensions report cuts Reeves’ planned growth funds from £160bn to £11bn

Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economyPlans to invest £160bn of surplus funds from final salary pension schemes to boost the UK economy over the next 10 years have been dealt a blow by a Whitehall assessment that found there was likely to be little more than £11bn available to spend.In a knock to Rachel Reeves’s growth agenda, a report by civil servants at the Department for Work and Pensions (DWP) found that the expected surpluses in occupational schemes would be used by businesses to offload their pension liabilities to insurance companies. Continue reading...

Economics

3 d. ago Lebanon aims to lure back wealthy Gulf tourists to jumpstart its war

After a bruising war between Israel and Hezbollah, Lebanon’s new leaders sense an opportunity to revitalize the country’s devastated economy with help from its wealthy Gulf neighbors

Events

3 d. ago Transportation chief seeks to weaken fuel economy standards, calls Biden

Transportation Secretary Sean Duffy says Biden-era fuel economy standards for gas-guzzling cars and trucks were illegal and moved to reverse the rules

Politics

3 d. ago Death, violence and endless delay: Inside Africa’s most troubled energy project

Africa’s largest natural gas project was expected to drive Mozambique’s economy to new heights. The reality has been far different, writes Nick Ferris

Events