ECB cuts interest rates to support flagging eurozone economy Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown
ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – as it happened Rolling coverage of the latest economic and financial news
Paul Johnson to leave influential IFS economics thinktank Leading authority on tax and spending policy to depart Institute for Fiscal Studies next year for Queen’s College, Oxford
Why is Germany shooting its own stagnating economy in the foot? A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism, says economics commentator Simon Nixon
Thursday briefing: The £40bn funding gap, £22bn ‘black hole’ and more tricky terms, explained In today’s newsletter: Chancellor Rachel Reeves is painting a bleak picture ahead of the budget later this month. Here’s what all the jargon means
Negative stereotypes in international media cost Africa £3.2bn a year – report Focus on conflict, corruption and poverty heightens perception of risk, raising interest on sovereign debt, authors say
Here’s a rabbit for the chancellor’s hat: scrap stamp duty on shares Getting rid of SDRT would pay for itself over time because other receipts would rise, abolitionists say
No 10 rejects claim Labour misled voters about tax plans in manifesto – as it happened Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed
Chances of November interest rate cut jump, and pound falls, as UK inflation drops to 1.7% – as it happened UK inflation drops below 2% target in September, weakening pound, and likely meaning a small increase in state benefits next year
Surprise fall in UK inflation badly timed for benefit recipients Payments such as universal credit linked to previous September’s figure, meaning a rise of just 1.7% in April
UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leeway
UK inflation surprise opens up wriggle room for lower rates and less painful budget Fall means interest rates could be cut faster than previously thought and is welcome news for Rachel Reeves
Trump vows to impose tariffs as experts warn of price hikes and angry allies In often-combative conversation with Bloomberg editor in Chicago, Trump says ‘tariff’ is his favorite word
Global public debt to hit $100tn this year, says IMF, as economic uncertainty threatens financial stability and growth – as it happened Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected
UK employer national insurance hike threatens jobs and pay rises, firms warn Business body covering pubs, hotels and restaurants says budget tax change would increase costs