Bank of England faces bumpier road after inflation accelerates

Tough route also awaits Rachel Reeves as households reel from sharp increase in living costs

Why is Spain’s economy booming? Thanks to migration – which proves xenophobia doesn’t pay

With Spanish GDP growth leading Europe last year, diversity is making us richer – not only financially but culturally, too, says journalist María Ramírez

Trump threatens 25% tariffs on foreign cars and semiconductor chips

White House has raised threat of levies as a means to bolster US economy, ignoring warnings trade wars could derail it

Insolvencies rise in England and Wales amid economic pressures; Lib Dem MP to appeal approval of Thames Water debt restructuring plan – as it happened

Rolling coverage of the latest economic and financial news, as plans to restructure Thames Water are approved by a High Court judge

UK pay growth rises 6% despite job loss warnings after Reeves’s budget

Unemployment rate unchanged in three months to December, while vacancies increased in January

Strong wage growth gives Bank of England interest rate dilemma

Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary

How Spain’s radically different approach to migration helped its economy soar

As immigration has increased, GDP has surged and unemployment has fallen to lowest level since 2008

‘We must avoid a chilling effect’: the CMA chief on the UK’s pro-growth shift

Sarah Cardell says role of competition regulator remains the same but it must be wary of perceptions

European defence stocks rise by €18bn to record high ahead of Ukraine peace talks – as it happened

Shares in BAE Systems, Rheinmetall and Saab soar, as Keir Starmer offers to put British ‘boots on the ground’ in Ukraine

‘It comes from racism’: immigrant workers on Trump’s deportation push

The president’s actions have sent a wave of terror through the community that underpins much of the US economy

UK marketplace sellers face ‘second Brexit’ hit from Trump’s US import rules

End of ‘de minimis’ policy for Chinese goods also expected to hit bigger online fashion retailers such as Asos and Boohoo

Trump policies make US ‘scary place to invest’ and risk stagflation, says Stiglitz

Uncertainty created by tariffs and contempt for rule of law will deter investment, says top economist

Reeves warned UK inflation will push public sector unions to seek higher pay rises

Plan for ‘reasonable’ 2.8% rises may prove insufficient, forcing chancellor to find billions in extra funding

UK firms mull biggest layoffs in a decade as business confidence slumps

Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys show

The RBA is expected to cut rates on Tuesday. Will Australia enter a new economic era, and what happens if it doesn’t?

The money is on a rate cut but chatter about US tariffs imposed by Donald Trump could interrupt the predicted cycle