Rate cut can lift mood but Bank’s forecasts are unambiguously bleak Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom
Bank of England cuts interest rates to 4.5% and halves UK growth forecast Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumn
Bank of England poised to cut interest rates amid UK economic gloom Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%
Honda and Nissan’s £48bn merger ‘close to collapse’; UK borrowing costs lowest since December in boost for Reeves – as it happened Rolling coverage of the latest economic and financial news
EU to tighten checks on goods sold by sites such as Shein and Temu European Commission also urges EU lawmakers to phase out exemption on customs duties for parcels under €150
Labor has managed to tame inflation in an election year – but is anybody listening? The PM is right to say the cost of living is rising slower than before, but until the RBA cuts rates it’s likely nobody cares
Hunt: Starmer should not retaliate if Trump hits UK with trade tariffs Former chancellor says UK does not have enough economic firepower to start a trade war with the US
China unveils US tariffs and Google investigation in response to Trump levies Tariffs on coal, LNG, crude oil and other goods announced after US imposes levy on imports
Eurozone facing ‘sizeable’ hit from trade tensions, as US-China tariff war 2.0 kicks off – as it happened Rolling coverage of the latest economic and financial news, as Trump delays tariffs on Canada and Mexico, and China hits back with its own sanctions
Iran reformists urge concessions in attempt to reconnect to west Decision expected in next week that could allow country to rejoin international banking system
China has reacted in kind to Trump’s tariffs, but a deal may still emerge Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018
UK grocery inflation slows for first time in six months amid rise in promotions Kantar figures could be good news for government as food price rises have fuelled persistent UK inflation
Global stock markets come under pressure amid ‘Trump tariff tantrum’ Markets recover some losses after Trump agreed to delay new duties on Mexico goods, sparking hopes of a reprieve
Trump tariffs: what’s at stake for the UK and EU? The US president has threatened to target Europe after launching then pausing import tariffs on Canada and Mexico
EU will stand up for itself in face of Trump tariffs threat, Macron says French president and other leaders call for cooperation with Washington but vow a robust response if needed