14 h. ago Full list of seven key money changes coming in September including Winter Fuel Payment date

Full list of key money changes happening in September, including the Winter Fuel Payment, interest rates and inflation

Economics

40 h. ago UK manufacturing downturn continues as new orders slide; Trump’s attack on Fed is ‘a serious danger’ – business live

Weak market conditions, US tariffs and downbeat client confidence blamed for drop in factory ordersOuch! The UK manufacturing sector shrank again last month, as factories were hit by weaker demand at home and abroad.The latest monthly poll of purchasing managers across Britain’s manufacturing sector found that new orders and new export business both fell at quicker rates in August, leading to another drop in production volumes.“Production volumes are still showing resilience in the face of global geopolitical uncertainty and US tariff policies, with both July and August having seen only slight contractions that were milder than those suffered earlier in the year. Business confidence has also lifted to a sixmonth high, reflecting hopes that the trading environment is starting to settle down.However, August also saw a steep drop in UK manufacturers’ new orders, with total order books and overseas demand both falling at some of the fastest rates seen over the past two years. Weak marke...

Politics

5 d. ago Tesla sales fell 40% across Europe in July; Drax shares tumble 10% after FCA launches investigation – business live

Rolling coverage of the latest economic and financial newsShares in power generator Drax have tumbled by 10% after it revealed this morning it is being investigated by the City watchdog.Traders drove Drax’s share price down to 630p in early London trading, down from 703.5p last night, following the news that the FCA is probing whether its recent annual reports comply with UK Listing Rules.Meanwhile, possible electricity rate adjustments and higher rice tariffs could raise inflationary pressures over the policy horizon. The Monetary Board observed that domestic demand has held firm. However, the impact of US policies on global trade and investment continue to weigh on global economic activity. This could temper the outlook for the Philippine economy. Continue reading...

Economics

7 d. ago Trump’s attack on Fed shifts market bets on interest rates and inflation

Gap between long-term and short-term borrowing costs reaches its widest in three years

Economics

7 d. ago 7 money changes coming in September including Winter Fuel Payment date

The Mirror rounds up all the key money changes coming in September, from the Winter Fuel Payment to inflation and interest rates

Economics

7 d. ago Trump moves to fire Fed governor Lisa Cook in escalating attack on bank’s independence

Departure of Cook, first Black woman to sit on central bank’s board, would allow US president to put forward a replacementDonald Trump has said he is firing the Federal Reserve governor, Lisa Cook, over allegations she committed mortgage fraud, in an extraordinary move that marks the latest escalation in the US president’s attack on the central bank’s independence.Trump wrote to Cook on Monday, telling her that he was removing her from her position “effective immediately”, based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. Continue reading...

Events

1 week ago Fed chair Jerome Powell signals interest rate cuts amid Trump attacks

Jerome Powell – who Trump has urged to resign – addressed ‘challenging’ dichotomy of economic risks, including tariffsThe Federal Reserve is gearing up to resume cuts to interest rates, its chair, Jerome Powell has signaled, as he warned Donald Trump’s tariffs and immigration crackdown had roiled the global economy and hit the US workforce.For months, Powell has ignored demands from the president to cut interest rates and defied the US president’s calls to resign. But as Trump ramps up his extraordinary attack on the Fed’s independence, Powell suggested on Friday that Fed officials are considering a rate cut. Continue reading...

Politics

1 week ago Powell signals Fed may cut rates soon even as inflation risks remain

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy

Economics

1 week ago Man visits Tesco and can't get over price of two sirloin steaks

As the cost and living crisis continues, many shoppers are feeling the pinch especially when it comes to food and drink. Reports suggest the annual rate of food price inflation has shot up to 4.5%

Politics

1 week ago How much could Tube fares rise in London off the back of spiking inflation rates?

Tube journeys from Zones 1-4 could increase by up to 30p next year as TfL fares are set to rise above inflation rates until 2030

Economics

1 week ago Three small money habits secretly draining your bank account this month

UK inflation rose again in July to the highest annual rate since the beginning of 2024.

Economics

1 week ago Why inflation has risen above expectations – and what it means for you

Rachel Reeves has said there is ‘more to do to ease the cost of living’ following the latest figures

Economics

1 week ago National intelligence director strips security clearances from 37 current and former national security officials – US politics live

Tulsi Gabbard accuses officials, some of whom worked on intelligence community’s assessment of Russian interference in 2016 election, of ‘politicizing intelligence’President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is “hurting” the housing industry “very badly” and repeated his call for a big cut to US interest rates.“Could somebody please inform Jerome “Too Late” Powell that he is hurting the Housing Industry, very badly? People can’t get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut,” Trump wrote on Truth Social. Continue reading...

Politics

1 week ago DWP PIP claimants could see monthly payments rise to almost £800

The DWP has confirmed that Personal Independence Payment (PIP) will continue to rise in line with September's inflation rate, with the relevant figures expected in mid-October

Economics

1 week ago Why has inflation risen and what does it mean for households?

July’s inflation rate of 3.8% means that if an item cost £100 a year ago, it would now cost £103.80.

Economics

1 week ago Why the Oasis tour could increase your mortgage rate as inflation hits 3.8%

Households could see mortgage rates once again edge up again over the coming weeks thanks to a surprise uptick in inflation.

Economics

1 week ago UK inflation shock: What the 3.8% rate means for interest rates, savings and mortgages

“Inflation is running hot and this is taking a blowtorch to the value of millions of Britons’ savings” – James Bentley

Economics

1 week ago Inflation: UK rate rises to 3.8%, what is it, and what does it mean for mortgages, borrowing, and spending?

Households face pricier food, fuel and travel as experts warn the squeeze could drag into 2026 ✈️

Economics

1 week ago Impact of new interest rate on household bills, mortgages and savings

The Consumer Price Index (CPI) inflation rate increased to 3.8 per cent in July.

Economics

1 week ago Inflation live: UK rate rises to 3.8% as latest ONS figures released

New figures reveal highest rate of inflation since January 2024

Economics