UK’s economy shrinks unexpectedly by 0.1% in October GDP figures underline scale of challenge for Labour to get the economy growing
The Guardian view on politicians using business logic: public services aren’t startups Editorial: When an insecure government borrows credibility from business leaders, a lot can go wrong
US inflation rises slightly; Close Brothers granted permission to appeal against motor finance ruling – as it happened Inflation rises to 2.7%, as expected, but markets still expect a quarter point Fed rate cut next week
Fed could cut interest rates again as US inflation barely moves in November Federal reserve could cut rates for third time this year as prices rise 2.7% compared with a year before
Wednesday briefing: Everything you wanted to know about the spending review (but were afraid to ask) In today’s newsletter: All governments do them. But what exactly are they and how can you tell if they worked or not?
UK politics: Kemi Badenoch criticised by Nigerian vice president for ‘denigrating’ his country – as it happened Kashim Shettima said Nigerians are proud of Badenoch’s achievements, despite her denigrating the country where she was brought up
EU’s new competition chief signals reform of anti-trust and state aid rules Teresa Ribera says changes are needed to make it easier for innovative firms to merge and spur the green transition
Fix SEN funding to avoid ‘absurd’ council deficits in England, IFS says Thinktank calls on government to set a long-term vision for radical change
Chancellor orders ministers to submit spending plans to private sector experts Rachel Reeves to wield ‘iron fist against waste’ by examining departments’ expenditure line by line
UK job vacancies fall at fastest rate since pandemic as business confidence slumps Blow to Labour growth hopes as poll finds demand for staff falling at ‘sharp and accelerated pace’, particularly in permanent roles
Reeves to pledge closer EU ties in pivot from post-Brexit ‘division and chaos’ First speech by UK chancellor to eurozone finance ministers since 2020 will promise ‘business-like’ approach to relations
Starmer to meet Saudi crown prince in push for infrastructure cash Wooing of Mohammed bin Salman controversial because of human rights concerns
US adds 227,000 jobs in November as Fed expected to cut interest rates again Latest report follows October’s disappointing tally as Fed likely to cut interest rates for third time in 2024
If Trump’s tariffs start a trade war, it would be an economic disaster The president-elect’s two main arguments for his tariff threat – to reduce migration and to combat drugs – are not credible
UK services sector ‘close to stalling’ after budget tax rises, data shows S&P survey shows sector narrowly avoided contraction in November as firms worried about employment costs