18 h. ago World must be more wary than ever of China’s growing economic power | Phillip Inman

Autocratic regime is malign actor on world stage and its efforts to undermine others’ economic resources must be limitedChina is pulling every lever at its disposal to counter Donald Trump’s economic blockade, and it’s working.Trade is recovering after the massive hit from Washington’s wide-ranging tariffs on Beijing’s exports. Continue reading...

Economics

40 h. ago Rachel Reeves’s growth mission is struggling to get off the ground

Editorial: The chancellor is said to be ‘disappointed’ after the UK economy unexpectedly shrank for the second month in a row in May, as well she might be

Events

47 h. ago Rachel Reeves says May’s fall in GDP is ‘disappointing’; Trump tariffs knock markets – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

49 h. ago Rachel Reeves says GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

50 h. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

51 h. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month running – business live

UK GDP falls by 0.1% in May, following 0.3% fall in April.US will impose 35% tariffs on Canadian imports, Trump says in letterFTSE 100 hit record high on ThursdayChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatlining growth in May highlights the ongoing pressures facing the UK ec...

Economics

51 h. ago UK economy shrinks for second month running in May – business live

UK GDP falls by 0.1% in May, following 0.3% fall in April.US will impose 35% tariffs on Canadian imports, Trump says in letterFTSE 100 hit record high on ThursdayThe pound has dropped against the US dollar, as investors react to this morning’s worse-than-expected GDP report.Sterling has lost a third of a cent to $1.354, a drop of 0.2%.“The economy contracted slightly in May with notable falls in production and construction, only partially offset by growth in services. However, across the latest three months as a whole, the economy still grew. This reflected strength earlier in the year that resulted, in part, from some activity being brought forward to February and March.“May’s fall in production was driven by oil and gas extraction, car manufacturing and the often-erratic pharmaceutical industry. Continue reading...

Economics

5 d. ago Voices: The bottom line? Britain simply can’t afford to impose a wealth tax

As battle lines are drawn within Labour over taxing the super-rich, Chris Blackhurst says that the government must resist Lord Kinnock’s siren call to take a 2 per cent slice of asset values above £10 million – because the country’s economic prosperity depends on it

Economics

6 d. ago Forcing pensions into British assets like ‘capital controls’, says Lloyds boss

Charlie Nunn says Britain must tackle its housing crisis to provide foundation for economic growth

Economics

6 d. ago Forcing pensions into British assets is like ‘capital controls’, says Lloyds boss

Charlie Nunn says Britain must tackle its housing crisis to provide foundation for economic growth

Economics

7 d. ago David Lammy deploys army of top diplomats to kickstart economic growth and combat impact of Trump tariffs

Exclusive: With a failure to deliver economic growth leaving an estimated £18bn in Rachel Reeves’ budget, the use of senior diplomats to bolster engagement with business is just the latest part of a strategy to turn things around

Politics

8 d. ago People in the US: have you been affected by Trump’s cuts to scientific research?

We want to hear the experiences of scientists, researchers and students after hundreds of research grants have been abruptly cancelledThe Trump administration is dismantling the National Science Foundation (NSF), which critics say risks losing a generation of scientific talent and jeopardizes the future of US industries and economic growth.The NSF, founded in 1950, is the only federal agency that funds fundamental research across all fields of science and engineering. It has contributed to major scientific breakthroughs and innovations. Continue reading...

Politics

9 d. ago Economic slowdown linked to global uncertainty amid Trump tariffs – think tank

The Fraser of Allander Institute now expects Scottish economic growth of 0.8% in 2025 and 1.0% in 2026 – a slight downgrade from its April forecasts.

Economics

9 d. ago ‘Clearly I was upset,’ says Reeves as she responds to questions about tears at PMQs – UK politics live

Chancellor says tears due to ‘a personal issue’ but it was her job to be at PMQs supporting Keir StarmerStreeting says he has to go to the Commons to make a statement to MPs.But first he introduces Rachel Reeves, saying that she has put an extra £29bn into the NHS.It is thanks to her leadership that we’ve seen interest rates in our country fall four times. It’s thanks to her leadership that we see wages finally rising faster than the cost of living. And it’s thanks to her leadership we have the fastest growing economy in the G7.If Australia can effectively serve communities living in the remote outback, we can meet the needs of people living in rural England.If community health teams can go door to door to prevent ill health in Brazil, we can do the same in Bradford. Continue reading...

Politics

9 d. ago Starmer defends Reeves but refuses to rule out tax rises as he announces 10

PM says only possible to transform the NHS due to decisions taken by chancellor, and denies the pressure is too much for herStreeting says he has to go to the Commons to make a statement to MPs.But first he introduces Rachel Reeves, saying that she has put an extra £29bn into the NHS.It is thanks to her leadership that we’ve seen interest rates in our country fall four times. It’s thanks to her leadership that we see wages finally rising faster than the cost of living. And it’s thanks to her leadership we have the fastest growing economy in the G7.If Australia can effectively serve communities living in the remote outback, we can meet the needs of people living in rural England.If community health teams can go door to door to prevent ill health in Brazil, we can do the same in Bradford. Continue reading...

Politics

1 week ago Brits reveal top behaviours that boost confidence in investing and saving

Brits’ financial confidence has grown in the last 12 months – despite economic uncertainty, recent volatility in the stock market and falling interest rates.

Economics

1 week ago Relief for Reeves as 0.7% growth is confirmed for first quarter of 2025 but economists warn slowdown is already hitting amid tax hike fears

Official figures showed the powerhouse services sector expanding by 0.7 per cent between January and March.

Events

1 week ago UK economy experiences most significant growth in over a year

Experts said there were clouds over the horizon for the economy

Politics

2 w. ago Reeves expected to freeze income tax thresholds to raise funds after welfare U

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

2 w. ago Rising poverty in conflict zones ‘causes a billion people to go hungry’

In first assessment since pandemic in 2020, World Bank urges other countries to step up supportExtreme poverty is accelerating in 39 countries affected by war and conflict, leaving more than a billion people to go hungry, according to the World Bank.Civil wars and confrontations between nations, mostly in Africa, have set back economic growth and reduced the incomes of more than a billion people, “driving up extreme poverty faster than anywhere else”, the Washington-based body said. Continue reading...

Events