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Budget forecasts point to falling living standards and weak growth
Budget forecasts indicate that growth in living standards is expected to slow to almost a standstill, prompting think tanks to warn of difficult years ahead.
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Higher energy prices expected to affect UK economy, OBR says
The Office for Budget Responsibility says higher energy prices will have consequences for prices, living standards and economic growth, highlighting t...
Business
Treasury estimates Britain could have built a £1 trillion oil fund
The Treasury has calculated for the first time how much the UK might have raised by investing proceeds from North Sea oil and gas, with the potential...
Business
UK inflation rises to 3.5% ahead of Budget
UK inflation increased from 3.1% to 3.5% in the year to September, with surging fuel prices contributing to the rise, according to the ONS.
Business
US economy under Trump assessed through inflation, jobs and growth
President Donald Trump has highlighted the performance of the US economy ahead of the midterm elections, while an assessment examines inflation, emplo...
Business
Healey says Heathrow third runway would support growth
Healey has argued that building a third runway at Heathrow Airport would drive growth, following the prime minister’s refusal to say whether he suppor...
Business
Finance and business leaders confront uncertainty at IMF meeting in Bangkok
Finance and business leaders gathered in Bangkok this week for an IMF meeting, where uncertainty was a central issue in discussions among the world’s...
Business
UK economy grows 0.1% in August ahead of Budget
Official figures show the economy expanded by 0.1% in August, taking growth over the three months to August to 0.7%.
Business
US inflation rises to 3.7% in year to September
US inflation increased to 3.7% in the year to September, with higher motor fuel costs identified as a key factor. The rise came ahead of the country’s...
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IMF officials praise UK plans to reduce annual borrowing
Senior International Monetary Fund officials have praised UK plans to lower annual borrowing levels on three occasions over the past 24 hours, highlig...
Business
IMF raises UK growth forecast while warning of continuing risks
The International Monetary Fund has upgraded its forecast for UK economic growth this year, although its assessment indicates that significant risks r...
Business
IMF upgrades UK growth outlook but warns of pressure from energy prices and interest rates in 2027
An IMF report has upgraded its assessment of UK growth while warning that energy prices and interest rates are expected to weigh on the economy in 202...
Business
India’s Toy Shops Highlight Reliance on Chinese Imports
India’s toy shops are presented as an unusual measure of the country’s economic relationship with China and its dependence on Chinese imports.
Business
US Diesel Export Ban Proposal Could Affect Domestic and Global Costs
A proposed US ban on diesel exports is intended to protect American consumers from rising prices, but could create wider economic effects in the Unite...
Business
UK diesel price reaches all-time high amid Iran war
The price of diesel in the UK has reached a record high, with the increase linked to the war involving the United States, Israel and Iran.
Business
Consumers face rising prices for protein products
Consumers are being affected by higher protein prices, with some reportedly paying up to £100 for a bag. The limited available information does not pr...
Business
OECD warns UK growth will be weaker than expected next year
The OECD says the UK economy is likely to grow by less than previously expected next year, with higher energy prices among the risks to growth.
Business
IMF urges advanced economies to reduce debt as borrowing costs rise
IMF managing director Kristalina Georgieva has called on advanced economies to bring down their debt as higher borrowing costs increase pressure on pu...