3 h. ago Labour’s economic illiteracy is dragging us into a doom loop

A debt disaster is looming — and too many backbenchers just don’t understand the grim reality

Economics

3 h. ago UK’s most powerful supercomputer comes online in major AI drive

Technology Secretary Peter Kyle flicked the switch on the Isambard-AI machine in Bristol on Thursday.

Politics

13 h. ago Unemployment creeps up after Rachel Reeves' huge tax raid on businesses

The rate of UK unemployment increased to 4.7 per cent in the three months to May, from 4.6 per cent in three months to April, the Office for National Statistics said today.

Economics

13 h. ago Rachel Reeves' £20bn tax raid leads to thousands of job losses as wage growth cools

Thousands of jobs were lost in June, according to official data, as Chancellor Rachel Reeves' £20bn tax raid led to a cooling in wage growth and put the Bank of England under further pressure

Economics

27 h. ago Inflation jumps hours after Rachel Reeves more money in every Britons’ pockets

The Office for National Statistics (ONS) said Consumer Prices Index inflation rose to 3.6% in June - in a blow for the under-fire Chancellor who used a big speech at Mansion House on Tuesday night to promise a more prosperous future for all Britons

Economics

28 h. ago Rachel Reeves warned by City grandees not to weaken banking safeguards

Chancellor’s plan to slash red tape could raise financial risks and do little to help households, say architects of UK’s post-2008 reformsRachel Reeves has been warned by City grandees that her plan to slash financial red tape could have little benefit for British households while increasing risks in the banking industry.The chancellor used a speech to City bosses attending the annual Mansion House dinner on Tuesday to argue that in too many areas regulation was acting as a “boot on the neck of business”, as she pledged sweeping changes to help revive the economy. Continue reading...

Events

31 h. ago Voices: The ghost at the feast haunting Rachel Reeves’s bombshell speech to the City

Whisper it: What about wealth tax, chancellor, asks Andrew Grice

Events

31 h. ago Rachel Reeves inadvertently breached rules on declaring freebies, watchdog finds

The chancellor apologised for the error involving the declaration of theatre tickets for an adaptation of the classic children’s novel Ballet Shoes

Politics

31 h. ago Rather be on holiday already? Starmer is flanked by glum ministers at last PMQs before summer break as he dodges on fears of MORE tax hikes

Flanked by glum ministers including Rachel Reeves and Angela Rayner, Keir Starmer was pressed to spell out who will be protected from efforts to fill an estimated £30billion hole in the public finances.

Politics

31 h. ago Voices: The ghost at the feast haunting Rachel Reeves’ bombshell speech to the City

Whisper it: What about wealth tax, Chancellor? ask Andrew Grice

Events

32 h. ago House price growth accelerating while rental price growth cools

Property values rose by 3.9 per cent on average in the 12 months to May, up from 3.6 per cent annual growth in April, according to ONS figures

Society

33 h. ago Rachel Reeves' financial reforms to create 'immediate and tangible benefits', experts say

Financial experts have reacted to Rachel Reeves's reform package outlined at her Mansion House speech yesterday

Politics

33 h. ago DAN HODGES: Labour is coming for your money. Tax rises are on the way... and this is the group of people Rachel Reeves has her eyes on

Beaming from ear to ear, the Chancellor stood up at Mansion House last night and delivered an address of spectacular and inventive fiction.

Economics

33 h. ago Voices: Inflation has delivered a nasty shock – but don’t panic just yet...

The Bank of England can still cut rates at its August meeting, reassures James Moore. So, this blip may prove temporary...

Economics

33 h. ago Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

The Scottish First Minister criticised plans set out by the Chancellor in her Mansion House speech on Tuesday night.

Politics

34 h. ago Annual house price inflation accelerating but rental price growth cooling – ONS

Property values rose by 3.9% on average in the 12 months to May, up from 3.6% annual growth in April, according to ONS figures.

Economics

35 h. ago Angela Rayner 'backing local stealth taxes drive': Deputy PM and mayors push for powers to raise huge new revenues from struggling Brits

The Deputy Prime minister is said to be encouraging local elected political leaders to put pressure on Chancellor Rachel Reeves to give them control over taxes collected locally.

Events

36 h. ago ‘What reforms?’: City leaders underwhelmed by Rachel Reeves’ financial strategy

Attendees of Mansion House dinner say UK chancellor needs to go further with anti-regulation, pro-risk stance

Politics

36 h. ago Is Labour sowing the seeds for mortgage meltdown? Risky new rules that could give borrowers huge loans

Rachel Reeves is sweeping aside rules put in place to protect homeowners in a move which experts warn could sow the seeds for a future catastrophe.

Events

37 h. ago Inflation jumps to highest level for nearly 18 months as food prices rise again

The Office for National Statistics said Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May.

Economics