Rachel Reeves says she has ‘iron grip’ on finances as borrowing costs surge
Treasury issues rare second statement in two days after sell-off leaves 10-year bonds at highest level since 2008
The spiralling cost of borrowing spells trouble for Rachel Reeves – but she must hold her nerve
There is no need to panic: the government’s overall fiscal strategy is the right one. Spending cuts would be a mistake, says Jonathan Portes, a professor at King’s College London
UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – as it happened
Bond sell-off is eating into the chancellor’s wiggle room to hit fiscal targets without spending cuts or more tax rises
Why rising bond yields are rattling Rachel Reeves
Chancellor in danger of breaking fiscal rules after cost of servicing UK 10-year debt rises to highest level since 2008
Mark Carney ‘considering’ run to replace Justin Trudeau as Canada PM
Supporters of former Bank of England and Bank of Canada governor say he has experience to lead in period of instability
Rise in UK borrowing costs could push Reeves to new public spending cuts
Analysts say costs hitting highest level since 1998 risks wiping out almost all of chancellor’s £10bn buffer
Consumers could face price rises of 20% in 2025, trade experts warn
Global instability and possibility of Trump administration imposing tariffs may disrupt flow of goods
Mark Carney: the ‘rock star central banker’ weighing up run to be Canada’s PM
Former Bank of England governor in the frame as successor to departing Justin Trudeau
UK food price inflation hits 3.7%, the highest level since March
Supermarkets celebrate bumper Christmas as households’ spending reaches record £460 on average
UK retailers may have to cut thousands of jobs after bleak Christmas
British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise
Forget the ‘red wall’: the ‘graduate without a future’ is the voter politicians need to woo
Downwardly mobile graduates are arguably becoming the UK’s electoral kingmakers – and could spur a political revolution, says sociologist Dan Evans
UK firms plan price rises as confidence falls to lowest level since Truss budget
BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike prices
Americans are taught FDR was the hero of the Great Depression. For one historian, that’s erasure
In a new book, Dana Frank tells stories of the people who ‘made history happen’ through organizing and mutual aid
From Trump tariffs to AI: the big economic questions facing governments in 2025
The main issues confronting policymakers around the world seem particularly portentous this new year
The UK does have a ‘special relationship’ – but it’s with Europe
The government is only deceiving itself by trying to ‘make Brexit work’ and forlornly pursuing a trade deal with Trump