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Latest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest rates Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Australians are “scrambling” to find more work to cover soaring living exp
Trump’s tariffs and his war against Iran caused prices to rise, but the US president continues to claim it’s ‘the greatest economy in history’ Donald Trump has taken to repeating a familiar boast: “ We have the greatest economy in history,” Trump said recently at a White House press gaggle. The boast comes even though
How can we fix our pricing crisis? Economic sociologist Lindsay Owens urges tough new rules – and a consumer uprising “Repeat after me: it’s not my fault, it’s not my fault, it’s not my fault.” That’s the message to frustrated US shoppers in Gouged: The End of a Fair Price – and What That Means for Your Wallet by Linds
Surging energy bills, higher borrowing costs and rising inflation have left the PM and his chancellor in a fiscal bind As Labour heads to Liverpool this week, Andy Burnham has promised to deliver “stability” in the public finances; but the economic backdrop is anything but stable. The longer the US-Israeli war on Iran
IPPR finds failure to align testing standards has forced companies to abandon exporting to EU and is costing costing 0.18% of national income The UK is losing out on annual exports to the EU that could be worth as much as £6.5bn without a deal with Brussels that allows manufacturers to jettison duplicate product testin
PM reassures firms and chancellor vows help on costs – but unease remains over possible budget tax rises Business live – latest updates A year ago Andy Burnham had a tough business reception at Labour’s party conference. The then mayor of Greater Manchester, with clear ambitions to replace Keir Starmer, had rattled the
With the budget a month away, chancellor gives little indication in conference speech of where money will come from to reindustrialise Britain Healey vows to stick to fiscal rules in budget UK politics live – latest updates John Healey cheered the Labour faithful with his first conference speech as chancellor, offering
Chancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record high Business live – latest updates Price of diesel on UK forecourts reaches all-time high John Healey has pledged to use next month’s budget to inject hope into Britain’s econo
President’s tariffs have hurt fishers, loggers and others in a state with deep bonds to Canada – will voters show their displeasure in the midterms? It was an ideal summer to cut trees. The weather in Maine’s Penobscot county – one of the most heavily forested counties in a state dense with trees – was warm and dry. Ye
BoE deputy governor cites risks from energy prices, as US 30-year bond yields hits highest since 2004 Newsflash: A Bank of England deputy governor is warning that interest rates will be raised, if necessary, to combat the risk of persistent inflationary pressures from higher oil prices. Clare Lombardelli is telling the
Paris-based body warns that economic growth is heavily dependent on durable resolution to conflict Business live – latest updates The global economy has withstood the strains of the Iran war better than first feared but its outlook is “heavily dependent” on a lasting resolution to the conflict, the Organisation for Eco
Bank of England governor Andrew Bailey says persistently high oil and gas prices would make it hard to resist pressure to raise interest rates Capital gains tax: how it works, and the pros and cons of another rise TalkTalk is scrambling to secure its future amid the threat of administration, closing in on deals to sell
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