Exclusive: Iran war has fuelled energy price rise and clouded outlook, driving up unemployment, says Clare LombardelliYoung people in Britain are bearing the brunt of a “low-gear economy” as employers hold back from hiring amid...
Read MoreLatest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budgetBusiness news – live updatesThe UK economy unexpectedly continued to grow in August despite a fall in consumer spending before...
Read MoreEnergy and housing costs threaten biggest decline in modern times unless bold action taken, says thinktankSoaring energy and housing costs mean Labour is on course to preside over the worst parliament for living standards in...
Read MoreEconomies thrown into renewed turmoil as AI debt, Iran war and soaring government bond yields fuel alarmAt the height of the summer, the mood was optimistic in the world’s financial capitals. Powered by the AI revolution, the US...
Read MoreLatest 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...
Read MoreBank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if...
Read MoreAnnual June figure comes after new PM pledges to reduce pressure on households and improve economyUK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.The...
Read MoreAnnual June figure comes after new PM pledges to reduce pressure on households and improve economyUK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.The...
Read MoreJuly update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries...
Read MoreFebruary annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global energy costs,...
Read MoreMonthly GDP figure comes as higher energy prices look likely to drive up inflation, dashing hopes of interest rate cutBusiness live – latest updatesThe UK economy entered the Middle East crisis after a weak start to the year,...
Read MoreMarkets predict Bank of England will hold rates in 2026 as bond yields soar on forecasts of prolonged conflictIran war drives oil prices above $100 a barrelBusiness live – latest updatesUK interest rates are not expected to be...
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