3 d. ago I haven't broken the economy, insists Reeves in desperate video plea amid bond market meltdown and fears of tax hike 'doom loop'... as she reveals Budget won't happen until November 26

Rachel Reeves attempted to calm markets by stressing her fiscal rules after interest rates on UK gilts crept up again this morning - having spiked to 27-year highs yesterday.

Economics

6 d. ago Tories to challenge Rachel Reeves to rule out ‘damaging property taxes’

Tory leader Kemi Badenoch said the Chancellor was trapped in a ‘tax doom loop’.

Politics

9 d. ago Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – business live

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’People in the UK: how have you been affected by the rise in food prices?The FCA’s investigation into Drax comes five months after the company’s former top lobbyist accused it of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets.In a claim for unfair dismissal, Rowaa Ahmar, Drax’s former head of public affairs, said evidence suggested Drax was “unable to prove that it only sourced sustainable wood for its biomass, and that it was in fact using unsustainable wood”. Continue reading...

Events

9 d. ago Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in battle with Fed – business live

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’People in the UK: how have you been affected by the rise in food prices?The FCA’s investigation into Drax comes five months after the company’s former top lobbyist accused it of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets.In a claim for unfair dismissal, Rowaa Ahmar, Drax’s former head of public affairs, said evidence suggested Drax was “unable to prove that it only sourced sustainable wood for its biomass, and that it was in fact using unsustainable wood”. Continue reading...

Events

3 w. ago Voices: Is Keir Starmer just one crisis away from a Labour coup?

Party strategists are busy working out how to escape the chancellor’s doom loop of tax rises – and to crush damaging speculation about her boss’s ability to lead his party into the next general election. But the race to replace the PM may already have begun, says Andrew Grice

Events

3 w. ago Voices: Recruitment is in a doom loop – there’s only one thing for it, chancellor

As a KPMG study lays bare years of falling job openings, and with unemployment figures expected to rise yet again, Britain’s bosses are stuck in hiring limbo that only Rachel Reeves can get them out of, says James Moore

Politics