3 h. ago Bank of England will monitor cash acceptance on ongoing basis

Dame Meg Hillier, chairwoman of the Treasury Committee, described the development as a ‘positive first step’.

Economics

5 h. ago ALEX BRUMMER: Neglect of UK innovation happening before our eyes

Barely a day passes without intellectual property nurtured and supported in Britain passing into overseas hands.

Politics

5 h. ago After the economy shrinks again, summer rate cut 'looks inevitable'

Experts said that, combined with signs of a deteriorating jobs market, it would add further pressure on the Bank of England to cut interest rates.

Economics

50 h. ago A decade of missed opportunities: Texas couldn't find $1M for flood warning system near camps

Over the last decade, an array of local and state agencies have missed opportunities to fund a flood warning system intended to avert the type of disaster that swept away dozens of youth campers and others in Kerr County, Texas

Events

60 h. ago Bank of England fines Mastercard’s Vocalink £11.9m over compliance failures

Vocalink says it processes more than 90% of salaries, 70% of household bills, and 98% of state benefit payments in the UK.

Economics

63 h. ago Bank of England says UK banks can increase riskier mortgage lending – business live

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loansCopper prices in US hit record high after Trump announces 50% tariffTrump threatens to escalate trade war amid confusion over new tariff ratesCarsten Menke, Head of Next Generation Research at Julius Baer, says the copper tariffs will be inflationary domestically in the US and deflationary internationally – which matches the price action we’ve seen since last night.Menke also points out that the jump in US copper prices (13% yesterday) is less than the 50% tariff, implying traders expect some imports will be exempt, saying:President Trump announced the imposition of 50% import tariffs at a cabinet meeting yesterday. While US-traded futures jumped on the news, the price differential is well below the tariff level, pointing to expectations of exemptions for key suppliers or expectations of different demand dynamics.As already mentioned, we remain of the con...

Economics

64 h. ago Threat of Trump tariffs ‘puts businesses at risk of going bust’

Bank of England says further rise in trade taxes could weaken demand, increase costs and make banks less willing to provide loansBusiness live – latest updatesThe looming threat of much higher tariffs amid Donald Trump’s trade war could lead to a fresh wave of companies going bust and cause financial losses for banks, the Bank of England has warned.The Bank’s financial policy committee said a rise in trade levies would compound existing vulnerabilities, with the risks to global growth and inflation having grownas a result of the president’s ever-changing border tax rates and an escalating conflict in the Middle East. Continue reading...

Events

64 h. ago UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

Events

4 d. ago Wimbledon 2025: Cilic v Cobolli, Sinner, Swiatek and Djokovic in action on day eight – live

Updates from the fourth round action at SW19Email Bryan | Organisers sorry after line-call errorA deft escape from Cobolli, who holds for 6-4, 1-1 from 30-40 down. Cilic will rue that missed opportunity in a game where the Italian only managed to get one of eight first serves in. Remember: Cobolli has dropped serve only once in this tournament and has yet to lose a set.Cobolli has taken the first set from Cilic, 6-4, after 36 minutes. The break in the Croatian’s second service game was the difference. It was a comprehensive performance on serve for the young Italian: he got 83% of his first serves in, won 17 of 20 points behind the first serve (85%) and has only dropped four points on his racket so far. Continue reading...

Politics

4 d. ago Labour needs to wake up to the folly of wealth taxes that are an own goal: ALEX BRUMMER

Ask Sir Jim Ratcliffe, retailer Sir Philip Green, F1 star Sir Lewis Hamilton et al. They voted with their feet long ago.

Economics

6 d. ago The Icelandic scheme persuading young people to stop getting drunk that Scotland should adopt

Scotland can’t miss the opportunity to prevent the next wave of alcohol-related harm, says Winning Scotland chief executive Zahra Hedges

Politics

7 d. ago ALEX BRUMMER: Chancellor's emotional rollercoaster set to continue

The U-turns on welfare and winter fuel, together with likely revisions to OBR growth assumptions, suggest the opening of a £20billion to £30billion funding chasm to be closed in the autumn.

Politics

7 d. ago Jeremy Corbyn says ‘discussions are ongoing’ after Zarah Sultana claimed she would ‘co

Sultana announced on Thursday she was quitting Labour to join Jeremy Corbyn’s Independent AllianceMy colleague Lauren Almeida, who is running the Guardian’s business live blog, has shared the following:Rachel Reeves has not given herself enough fiscal headroom to manage public finances, Charlie Bean, the former deputy of the Bank of England has said, and has to “neurotically fine tune taxes”.About £10bn – that’s a very small number in the context of overall public spending. Government spending is about one and a quarter trillion so £10bn is a small number and it is a small number in the context of typical forecasting errors.You can’t forecast the future perfectly both because you can’t forecast the economy and you can’t forecast all the elements of public finances . The forecasts are imprecise and there is no way you can avoid that. That is a fact of life.In light of reports of atrocities committed by the Israeli government in Gaza and reports of the UK’s collaboration with Israeli ...

Politics

7 d. ago Home secretary rejects Zarah Sultana’s claim Labour failing to improve lives – UK politics live

Sultana announced on Thursday she was quitting Labour to join Jeremy Corbyn’s Independent AllianceMy colleague Lauren Almeida, who is running the Guardian’s business live blog, has shared the following:Rachel Reeves has not given herself enough fiscal headroom to manage public finances, Charlie Bean, the former deputy of the Bank of England has said, and has to “neurotically fine tune taxes”.About £10bn – that’s a very small number in the context of overall public spending. Government spending is about one and a quarter trillion so £10bn is a small number and it is a small number in the context of typical forecasting errors.You can’t forecast the future perfectly both because you can’t forecast the economy and you can’t forecast all the elements of public finances . The forecasts are imprecise and there is no way you can avoid that. That is a fact of life.In light of reports of atrocities committed by the Israeli government in Gaza and reports of the UK’s collaboration with Israeli ...

Society

8 d. ago What is true on Rachel Reeves's CV as chancellor accused of changing length of time she was at Bank of England

The Chancellor of the Exchequer has been embroiled in a scandal over the editing of her LinkedIn

Politics

8 d. ago Home buyer mortgage demand expected by lenders to soften over summer months

Households are adjusting to ‘ongoing cost pressures’, one finance expert said.

Economics

9 d. ago Voices: So the Bank of England wants ideas for new banknotes: let’s start with our war heroes

While I like the idea of launching a push for Notey McNoteface, writes James Moore, for my money Britain has plenty of eminently notable figures who haven’t had the recognition they deserve

Events

9 d. ago Rates should be cut three more times in 2025, says Bank policymaker

Monetary Policy Committee member Alan Taylor flagged a ‘deteriorating outlook’ in the UK economy as trade woes mount.

Events

9 d. ago Bank of England wants you to decide what goes on the next banknotes

Noteworthy events in history could be depicted on notes

Politics

9 d. ago Business news live: Bank of England reveals tariffs impact on interest rates and TSB could depart the high street

Stock markets updates and business news from Wednesday

Economics