Economics

Retailers deserve a break – but they shouldn’t look to the chancellor for one

While the farmers took to the streets of Westminster, the shopkeepers protested in the old-fashioned way. They wrote a polite letter to the chancellor voicing their “significant concerns” over...

Keir Starmer denies budget to blame for rise in mortgage rates

Keir Starmer has conceded he was disappointed in the UK growth figures last week, but denied that his...

Tax rises in budget sap UK consumer confidence and will hit pay growth, say reports

Tax rises in the budget have sapped consumer confidence and will lead to sharp reductions in private sector...

Be brave and impose minimum tax on world’s billionaires, urges Spanish minister

Spain’s economy minister has urged the world’s richest countries to “be brave” and redouble efforts to reach an...

Starmer aims to build ‘pragmatic and serious relationship’ in meeting with Xi

Keir Starmer will become the first UK prime minister in six years to meet the Chinese president, Xi...

Trump tariffs would halve UK growth and push up prices, says thinktank

UK growth would be halved in the event Donald Trump wins the US presidential race and imposes the swingeing new tariffs he has threatened,...

Treasury may have broken law by failing to reveal £9.5bn spend in Tory budget, MPs told

Treasury officials may have broken the law when they failed to alert the Office for Budget Responsibility about £9.5bn of spending that should have...

Investors brace for volatile trading week as US election draws near

Global investors are bracing for a week of volatile trading in financial markets before one of the most closely fought US elections in history.As...

Investment drives growth. That’s why gloomy forecasters are so wrong about the budget | Will Hutton

There is a consensus among economists that a precondition for higher growth is higher levels of investment, and that one of the most certain...

The Observer view: a bold budget that’s the right response to years of neglect

The first Labour budget in 14 years introduced some much-needed honesty on the requirement for higher taxes and borrowing in an ageing society characterised by...

Rachel Reeves goes back to the future with a tax and spend budget

The days of tax and spend are supposed to be over, but clearly no one told Rachel Reeves. The chancellor’s debut budget – with...