4 h. ago New tax rises warning as UK borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

Events

5 h. ago New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March, says the ONS

Events

7 h. ago Trump hits thousands with surprise deportation notice email – including US citizens

The Trump administration is quietly revoking a temporary legal status that applies to around 900,000 people

Politics

7 h. ago UK government borrowing exceeds expectations in last fiscal year

Figures deal blow to chancellor as Trump tariffs hit economy

Politics

19 h. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

21 h. ago George Clooney hits back at Donald Trump's 'fake movie star' taunts

Hollywood icon George Clooney wasn't bothered as he responded to President Donald Trump's comments claiming he was a 'fake movie actor' and a 'rat'

Politics

22 h. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

23 h. ago IMF chops UK growth forecast as Trump tariffs hit global economy

IMF chops UK growth forecast as Trump tariffs hit global economy  Reuters

Politics

23 h. ago Fallout from Donald Trump's tariffs to hit UK economy harder than Europe

The downgraded forecasts make it more likely that Labour Chancellor Rachel Reeves will have to make further cuts or hike taxes in her autumn budget.

Politics

23 h. ago Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Events

24 h. ago Britain's growth outlook is slashed 0.5% by IMF in fresh blow to Rachel Reeves as she jets off to Washington for crunch talks as Trump's tariff war tests 'resilience of global economy'

Britain's growth outlook has been downgraded by the International Monetary Fund in a fresh blow for Labour - as Donald Trump's tariff wars deliver a severe hit to the global economy.

Politics

24 h. ago UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

Economics

29 h. ago Trump latest: Gold price hits new high after dollar plunges following president’s attacks on Fed chair Powell

The market shifts came after Trump claimed that the economy could slow unless Federal Reserve chair Jerome Powell immediately lowered interest rates

Politics

30 h. ago Gold hits $3,500 for first time as Trump’s attack on Powell rattles markets

Haven assets in demand as criticism of US Fed unnerves investors

Events

4 d. ago Starmer urges free trade in first call with Trump after UK hit by sweeping US tariffs

It comes as Rachel Reeves is due to hold talks with the White House next week amid efforts to strike a trade deal

Politics

5 d. ago Layoffs hit Consumer Financial Protection Bureau as Trump's government downsizing continues

The Consumer Financial Protection Bureau is being downsized by President Donald Trump

Politics

6 d. ago Trump live: Gold prices begin to slip after hitting record highs due to tariff inflation fears

The Trump administration has also hit out at a Democratic senator trying to return Kilmar Abrego Garcia to the U.S

Economics

6 d. ago Trump live: White House doubles down on man who was wrongly deported to El Salvador ‘never returning’ to US

The Trump administration has also hit out at a Democratic senator trying to return Kilmar Abrego Garcia to the U.S

Politics

6 d. ago Why your pension could be dealt a body blow as Trump eyes tariffs for Britain's top drug firms

If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.

Economics

7 d. ago Scramble underway to stop Trump tariffs hitting Britain’s pharmaceutical industry

Donald Trump has warned tariffs on pharmaceuticals would come ‘in the not too distant future’

Politics