People have been saving more, thanks to pay growth and cooling inflation, but they need to feel the benefits

While Labour’s critics are circling, pay growth is resilient and inflation is cooling

Janet Yellen issues warning to Congress as US nears debt limit

Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit

Unpredictable change will sweep through America, while old problems, from war to inflation, are likely to afflict other countries

Rolling coverage of the latest economic and financial news

Economists say EU countries hardest hit by 2010s debt crisis now in stronger position than France and Germany

Household incomes to stagnate or fall but will be offset by better public services, says Resolution Foundation

Policy easing and stronger exports have helped economy, but country still faces property crisis and weak demand

Campaigners call for action in 2025, as crippling repayments prevent spending to cut poverty and tackle climate crisis

Rolling coverage of the latest economic and financial news, on a shortened Christmas Eve trading session in London

Financial markets don’t expect a cut until April but a fall in the Australian dollar on Monday suggests confidence one is on the cards

Peter Malinauskas calls situation ‘tricky’ but says state government will continue to monitor Sanjeev Gupta’s GFG Alliance and act where it can

UK GDP flatlined in the July-September quarter, ONS reports, as companies warn October budget has hurt economy too

The UK’s number-crunching body is still playing catchup over job figures after the pandemic, with validity of survey data being questioned

Tories point finger at Rachel Reeves’s budget but economy has been misfiring for best part of a decade

Unexpected downgrade to GDP to show zero growth in third quarter underlines Labour’s challenging start in power