2 h. ago Housebuilders warn Labour will miss target of building 1.5m new homes in fresh Budget blow for Rachel Reeves

Developers are reported to have told the Office for Budget Responsibility (OBR) that its forecasts for economic growth from house building are too optimistic.

Events

3 h. ago Rachel Reeves insists Britain can 'defy' grim economic forecasts

The Chancellor is currently scrambling to plug a multi-billion pound hole in her spending plans ahead of her fiscal package on 26 November.

Economics

4 h. ago Fresh blow for Reeves as house builders warn Labour will struggle to hit 1.5m homes target

The warning is likely to harm prospects for the OBR upgrading its forecast for economic growth from construction

Events

4 d. ago Wall Street hits record highs after US inflation report fuels interest rate cut hopes – business live

US consumer prices rose by less than expected last month, as markets digest breakdown of trade talks with CanadaUS prices rose at a 3% annual rate in September, slightly beating forecastsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target...

Economics

2 w. ago Rachel Reeves makes major admission as Brits brace themselves for Budget

Chancellor Rachel Reeves insisted the 'numbers will always add up with me' as she prepares for the Budget on November 26. Economists have warned that she has a huge black hole to fill

Events

2 w. ago IMF upgrades US growth outlook as Trump's tariffs cause less disruption than expected

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging

Politics

2 w. ago World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

UK and global GDP growth forecasts upgraded for this year but immigration controls could have negative impact Business live – latest updatesThe global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned.As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from 3% at its last update in July. Next year’s global forecast is unchanged, at 3.1%. Continue reading...

Politics

2 w. ago Brits will suffer highest inflation of the world's biggest economies, IMF warns

The International Monetary Fund has upgraded its forecast for the UK economy this year, but says inflation will be higher than it thought

Events

3 w. ago Record gold surge flashes dire warning for US economy as 2008 crash forecaster weighs in

The record-setting price could help Americans sell their precious goods at a pawn shop. But it's a sign of broader economic fears.

Events

3 w. ago Rachel Reeves ready to target bloated asylum bill to plug £30bn black hole in next month's Budget

The Chancellor yesterday received the initial economic forecasts from the Office for Budget Responsibility (OBR) watchdog telling her how much she needs to raise to balance the books.

Economics

4 w. ago Reeves insists supporting Reform UK ‘racist policies’ does not make voters racist

Rachel Reeves has insisted that “you can support Reform and not be racist” after Sir Keir Starmer labelled the party’s policy of scrapping indefinite leave to remain as "racist" and "immoral".

Politics

4 w. ago Rachel Reeves stokes tax fears by warning of 'tough choices' in Budget and takes a swipe at Andy Burnham in Labour conference speech

Chancellor Rachel Reeves insisted she was going to keep taxes 'as low as possible' as Brits brace for more pain in her fiscal package on November 26.

Events

last month Rachel Reeves says she wants just one official economic forecast a year as pressure grows on fiscal rules

Rachel Reeves has said official forecasts for the British economy should be published just once a year, rather than twice, to give the Government greater flexibility on fiscal policy.

Politics

last month ‘OBR needs to change way it forecasts economic performance’, Reeves says

The Chancellor told broadcasters only one full forecast should be done a year as Government aims to only change fiscal policies once annually.

Economics