City analysts overwhelmingly predict Bank of England interest rate cut Rare agreement among forecasters gives 96% chance of today’s MPC meeting cutting borrowing costs to 4.75%
Rachel Reeves promises not to increase taxes again in spring budget Chancellor tells Treasury select committee ‘we’ve now set the envelope for spending for this parliament’
Post-Brexit border scheme to simplify trade put on pause again Single Trade Window designed to reduce friction on imports and exports will be halted until at least 2026 amid cost fears
Wall Street hits record high after Trump election win, as US dollar, bitcoin and Tesla shares surge – as it happened Rolling coverage of the latest economic and financial news, as investors pile into Trump trades after US election result
Guyana citizens to receive £370 each in payouts from ‘mind-boggling’ oil wealth Country has been enjoying historic growth in economy, which has tripled since it started crude oil extraction in 2019
US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt
German carmakers’ shares slump on fear Trump will impose steep tariffs Move would create yet another challenge for European carmakers already struggling with falling sales and profits
With Trump returning to the presidency, everything from abortion to immigration is under threat From climate change to foreign policy, the impact of Trump in the White House will be felt across the US and the world
Trump tariffs would halve UK growth and push up prices, says thinktank NIESR warns British economy would be one of the worst affected by protectionist policies
Inflation pain helped secure Trump win but his policies mean higher prices Markets expect his policy package to harm trade and growth but reduce business taxes
The Guardian view on Badenoch v Starmer: tussling over a shift to bigger government Editorial: This parliament’s real battle won’t be cultural, it will be over the size of the state
Treasury may have broken law by failing to reveal £9.5bn spend in Tory budget, MPs told Head of OBR says spending commitment would have ‘materially changed’ its forecast on Jeremy Hunt’s pre-election budget
UK retail sales growth slumps as shoppers wait for Black Friday deals Later October half-term break and budget uncertainty also led to lower spending, says industry
Investors brace for volatile trading week as US election draws near Donald Trump has been ahead in betting markets, despite trailing in opinion polls
US dollar weakens as election polls shift away from Donald Trump – as it happened Live, rolling coverage of business, economics and financial markets as investors reassess bets after some polls suggest Kamala Harris has gained momentum