Dip in UK inflation offers respite for Reeves and paves way for interest rate cut

Unexpected fall last month will help ease Treasury and Bank of England fears after bond market sell-off

US inflation ticks up in December and remains above Fed’s 2% target rate

Consumer price index rose at annual rate of 2.9% and while Trump promised to cut prices he now says it will be hard

UK borrowing costs drop as inflation pressures ease, reversing gains after market turbulence – as it happened

Cooling UK inflation paves way for February interest rate cut, economists say; US inflation rises but key ‘core’ measure eases

Fall in UK inflation to 2.5% paves way for Bank of England rate cut

After week of turbulence in markets, ONS data sends bond yields falling and eases pressure on chancellor

Canada’s provincial leaders in disarray over response to Trump tariff threats

Responses range from conciliation to retaliation, including cutting off electricity and halting the purchase of US liquor

The Guardian view on Rachel Reeves: turbulence caused by caution, cuts and criticism

Editorial: The chancellor isn’t going anywhere – but clinging to Treasury orthodoxy threatens Labour’s transformative growth agenda

Rachel Reeves blames global volatility for borrowing rates rise amid Tory criticism

Chancellor tells Tory MP to ‘get real’ and that UK bond market changes are similar to those in other countries

UK politics: Starmer says ‘door remains open’ for Tulip Siddiq following her resignation as Treasury minister – as it happened

PM appoints Emma Reynolds as her replacement as Siddiq steps down but implies she could return to government in future

ATM withdrawals are on the rise, but can cash retake its crown in the UK?

Cash use rose for the third year running in 2024, as shoppers in places such as Shotton use it to help them budget

UK bans German meat and dairy products after foot-and-mouth case

Import of pork, lamb and beef as well as live cattle, sheep and pigs suspended amid outbreak near Berlin

No 10 backs Rachel Reeves to remain in post for rest of parliament

Keir Starmer offers support to underfire chancellor after bruising start to new year

No 10 says Starmer does expect Reeves to stay as chancellor until general election – UK politics live

Downing Street says prime minster has ‘full confidence’ in chancellor and will be working with her ‘in role of chancellor’ for the whole of this parliament

Pound hits 14-month low against dollar as CBI hits out over ‘hole in confidence’

Business group’s chair says government changes could prompt ‘quite an ugly rush’ of job losses

Business confidence falling in UK and eurozone, recruiters warn

Fears over UK growth and political uncertainty in France and Germany making firms reluctant to hire staff

Tax rises will push business leaders to cut costs and hiring, surveys show

Deloitte and BDO data underlines sharpest fall in employment expectations since Covid pandemic