55 m. ago Business news live: UK economy growth slows as leaders demand ‘no more business taxes in Autumn budget’

Stock market news and latest business and finance updates from Wednesday

Economics

97 m. ago Britain braces for another tax bomb amid warnings UK economy is 'flashing red' as growth slows to 0.3 per cent while Rachel Reeves faces a £50bn black hole

The Office for National Statistics said gross domestic product grew by 0.3 per cent for the quarter after 0.7 per cent growth in the first three months of the year.

Events

2 h. ago Britain braces for another Reeves tax bomb as economic growth slows AGAIN to just 0.3% between April and June

The Office for National Statistics ( ONS ) said gross domestic product (GDP) grew by 0.3 per cent between April and June this year.

Economics

2 h. ago UK economy posts surprise 0.3% growth in three months to June

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion last monthThe UK economy grew at a faster rate than expected in the second quarter, official figures show, despite pressure on households and businesses from tax increased and Donald Trump’s global trade war.Figures from the Office for National Statistics showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Continue reading...

Politics

2 h. ago UK economic growth slows amid pressure on business and Trump trade war

UK economic growth slowed to 0.3% between April and June, according to the Office for National Statistics.

Economics

48 h. ago Trump delays China tariffs at the last minute and announces 90 day truce

President Donald Trump has once again delayed a showdown between the world’s two biggest economies

Politics

69 h. ago Nvidia and AMD agree to pay 15% of China chip export revenues to US

Unprecedented deal, an apparent reversal of security restrictions, is in return for licences to sell to ChinaThe chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market.The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war. Continue reading...

Politics

2 d. ago Trump is losing his foolish trade war. This will cost ordinary Americans greatly | Steven Greenhouse

Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputterThe ever-bombastic Donald Trump has boasted repeatedly of his trade victories, while White House news releases trumpet his “historic trade wins”. The Wall Street Journal echoed Trump’s triumphalism with a headline saying, “Trump is Winning His Trade War”, and last week the New York Times used the exact same words in a headline. That must have been music to the president’s ears.Forgive me for being a spoilsport, but I don’t see where the victory is or how Trump is winning. I keep reading how Trump’s trade war and tariff machinations have pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter.Steven Greenhouse is a journalist and author, focusing on labour and the workplace, as well as economic and legal issues Continue reading...

Politics

5 d. ago Trump’s trade war about to cost Americans 1.8% more in the short term, Yale analysis finds

Trump falsely claims tariffs are paid by foreign countries — they are typically paid by American importers

Politics

6 d. ago China's exports and imports picked up in July, helped by the pause in Trump's higher tariffs

China has reported its exports surged 7.2% in July from a year earlier while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of a truce in President Donald Trump's trade war with Beijing

Politics

7 d. ago Trump’s new import tariffs now in force against scores of countries as trade war escalates

The U.S. president has imposed tariffs as high as 50 percent after claiming other countries are ‘taking advantage’

Politics

7 d. ago Trump tariffs: Full list of countries hit by US president’s new trade war levies

Donald Trump slapped tariffs as high as 50 percent for scores of countries around the globe

Politics

7 d. ago Trump claims ‘billions of dollars’ now flowing into US after president’s new tariffs come into effect

More than 90 countries have been slapped with new rates as President Trump reignites his trade war

Politics

7 d. ago European earnings lag behind US as trade war saps market revival

President Trump’s tariffs and strong currency weigh on Eurozone corporates

Events

7 d. ago European earnings lag behind US as trade war throttles market revival

President Trump’s tariffs and strong currency weigh on Eurozone corporates

Events

7 d. ago Airbnb beats profit estimates as travel recovers from Trump tariff shock

Home rental group flags ‘tough’ rest of year with lower margins as US trade war concerns linger

Politics

7 d. ago UK construction activity shrinks by most in five years as housebuilding falls – business live

Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsThe contraction in UK construction last month is another reason for the Bank of England to consider cutting interest rates at noon tomorrow.A rate cut, from 4.25% to 4%, is already widely expected – it’ s a 95% chance, according to the City money markets this morning.“The Bank of England is widely expected to cut rates this week in what is likely to be a complex decision as the MPC weighs weak growth, sticky inflation, and a looming fiscal tightening.While markets are pricing in a 0.25% cut, attention will centre on the voting split – particularly how many members vote for a 0.5% move or prefer to hold. Continue reading...

Society

8 d. ago ‘Worrying’ levels of screen time means young people losing confidence to socialise in person, minister warns – UK politics live

Culture secretary Lisa Nandy says ‘majority of young people spend all, or almost all, of their free time alone in their bedrooms, online’Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic growth and higher-than-expected inflation, according to the National Institute of Economic and Social Research (NIESR), a thinktank. Phillip Inman has the story.Good morning. Keir Starmer is out on a visit today and he will be doing broadcast interviews. It may be the only time we hear from him this week, and there is no shortage of topics that journalists will want to ask him about. By the end of the day we may get new, or newish, lines on Gaza, the “one in, one out” returns deal with France, tax rises and the black hole in the government’s finances (priced at more than £40bn, according to a report from a well-respected thinktank today), Ukraine, the case for and against disclosing suspects’ immigration ...

Politics

8 d. ago ChatGPT firm OpenAI could be valued at $500bn in share sale; Honda Motor profits halve as tariffs bite – business live

Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsProfits at Japanese automarket Honda have halved in the last quarter, as Donald Trump’s trade war hit their earnings.Honda, which is Japan’s second-largest carmaker, has reported quarterly operating profit of ¥244.2bn (£1.24bn) for April-June, missing analyst forecasts of ¥311.7bn.“We’re excited to make this model, the result of billions of dollars of research, available to the world to get AI into the hands of the most people possible.” Continue reading...

Economics

8 d. ago Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic growth and higher-than-expected inflation, according to a leading thinktank.In a blow to Labour’s hopes of balancing the books without breaking manifesto commitments ruling out personal tax rises, the National Institute of Economic and Social Research (NIESR) said a number of factors would knock off course the chancellor’s plans to stay within Whitehall spending limits. Continue reading...

Economics