Category: Economics

Andy Burnham pressed on borrowing costs and spending at first PMQs – UK politics live

Burnham faced questions from Kemi Badenoch and other MPs amid speculation over budgetIn the news release to mark the first anniversary of his election as the Green party’s leader, Zack Polanski highlighted what he described as...

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Andy Burnham faces Kemi Badenoch at first PMQs – UK politics live

Burnham faces MPs’ questions amid rise in government borrowing costs and speculation over budgetIn the news release to mark the first anniversary of his election as the Green party’s leader, Zack Polanski highlighted what he...

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Burnham to say he wants to unlock ‘positivity’ in first statement to MPs since becoming PM – UK politics live

Prime minister will bring upbeat message to adversarial Commons after a summer of policy announcements and improved poll ratingsGood morning. Andy Burnham became prime minister six weeks ago, but today will be the first time he...

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UK productivity growing faster than official figures suggest, thinktank finds

Resolution Foundation suggests economy may finally be emerging from shadow of 2008 financial crisisProductivity in the UK – a vital measure of economic health – is growing more strongly than official figures suggest, according...

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UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget

July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlierBusiness live – latest updatesThe UK government ran a larger than expected £1.8bn deficit in July, underlining the challenges facing the...

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New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout British households are facing a renewed cost of living squeeze, with official figures expected to...

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Just 20 of 6,600 Defra staff working on climate adaptation amid drought and wildfires

Exclusive: England ‘desperately unprepared’ for effects of crisis including water shortages and heatwavesUK heatwave live – latest updatesJust 20 staff are working on climate adaptation within a key government department tasked...

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UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilitating heatwaves this summer are likely to have cost the UK economy...

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Union calls for robust review of OBR over fears it holds back economic growth

TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefitsThe TUC is urging the new chancellor, John Healey, to order a “root and branch” review of the...

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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...

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