25 h. ago Furious Netanyahu tells Keir Starmer 'when rapists and baby killers thank you, you're on the wrong side of humanity' as he tears into UK PM for 'siding with Hamas over Israel'

The Netanyahu government faces mounting pressure from both allies and domestic voters over its conduct in the war in Gaza

Events

49 h. ago UK government borrowing rises to £20.2 billion as pressure mounts on Rachel Reeves

The latest figure showed that the Chancellor had to borrow more money than expected over the month

Economics

50 h. ago Pressure on Chancellor after Government borrowing jumps to £20.2bn

The Office for National Statistics said public sector net borrowing rose to its fourth-highest April figure on record.

Politics

67 h. ago Government sends new aid to Gaza amid rising pressure on Israel to end blockade

A minister said the lack of aid reaching Gazans is ‘appalling’.

Politics

4 d. ago Stock markets drop and bond yields rise after US credit rating downgrade; EC cuts eurozone growth forecast – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

5 d. ago Stock markets drop and bond yields rise after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

5 d. ago Stock markets drop after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEuropean stock markets have opened a little lower, despite reports of a last-minute breakthrough in talks between the UK and EU over a significant reset to post-Brexit relations.In London, the FTSE 100 share index has dropped by 38 points, or 0.45%, at 8646 points. Continue reading...

Economics

5 d. ago Huge crowd piles pressure on Dutch government to seek an end to Israel's campaign in Gaza

Red-clad protesters have marched through the Dutch capital of The Hague demanding their government do more to halt Israel’s campaign in Gaza

Politics

5 d. ago US credit rating downgrade could add to pressure on government debt

Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficitUS government debt may come under more pressure this week after the credit rating agency Moody’s stripped the US of its top-notch triple-A credit rating.Moody’s dealt a blow to Washington last Friday, when it downgraded the US and warned about rising levels of government debt and a widening budget deficit. Moody’s cut its credit rating on the US by one notch to Aa1 from Aaa, becoming the last of the big three agencies to downgrade the US. Continue reading...

Politics

1 week ago The Guardian view on Trump’s leftward lurch: the ‘lunatics’ are running the right | Editorial

The White House says it is borrowing from Bernie Sanders and adopts rhetoric once dismissed as dangerous to lift its flagging poll ratingsIt’s striking to see Donald Trump, who built his re-election campaign around attacking the “radical left”, now borrowing some of its economic policies. In just months, he has shifted from denouncing “communist” price controls to saying he would implement them, and from defending tax breaks for the wealthy to proposing tax increases on those earning more than $2.5m a year if it benefits poorer Americans. These moves echo longstanding proposals from progressives like Bernie Sanders – despite Mr Trump’s past efforts to portray such ideas as “lunatic”. The irony is hard to miss.Consider recent policy announcements that mirror a liberal-left agenda. Capping credit card interest rates was a Sanders campaign promise before it was a Trump one. And it may happen – courtesy of an unlikely alliance between Mr Sanders and the Republican senator Josh Hawl...

Politics

1 week ago Credit card provider increases 9.9% interest rate to 26.6% 'out of the blue'

The card was extremely popular with applicants as it offered a low interest rate — but things have changed

Politics

2 w. ago Interest rates LIVE: Bank of England updates as base rate announcement delayed today

The Bank of England's base rate dictates how much interest you pay when you borrow money, so mortgages and credit card rates usually get more expensive when it goes up

Politics

2 w. ago Doctor ballot for strike action is ‘premature’ and ‘unnecessary’, says Streeting

Health Secretary Wes Streeting said doctors have now got a Government that is sympathetic to the pressures they are facing.

Events

3 w. ago Universal Credit claimants given £420 boost from today under major shake

The Fair Repayment Rate for Universal Credit payments, which is a limit on how much you can have taken off your benefits to repay debts, is being reduced from 25% to 15%

Economics

3 w. ago Local grooming gang inquiries will ‘go further’ than five towns, says Phillips

The Government has faced pressure to act on grooming gangs and child sex abuse.

Events

4 w. ago UK ‘will not be defined by the past’ amid speculation on EU youth visa scheme

The Government has faced pressure from backbench MPs to agree a youth mobility scheme.

Politics