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Can UK avoid national debt almost tripling over next 50 years?

OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action

UK debt projected to almost triple over next 50 years, watchdog warns

Public finances under pressure from ageing population, climate crisis and security risks, OBR report says

Bank of England waters down plans to impose tougher capital rules on UK banks

Chancellor says revision of how much lenders must set aside to cope with future crises will bolster growth

US inflation cools to 2.5%, its lowest since February 2021 – as it happened

UK government’s £500m taxpayer-backed deal for steelworks secures long-term future of Port Talbot but unable to secure guarantees to save 2,500 jobs

UK economy unexpectedly flatlines for second month in row

Pre-election slowdown continues in July despite economists predicting growth of 0.2%

US inflation softens to lowest level since February 2021 as Fed prepares to cut interest rates

Consumer price index rose at annual rate of 2.5% as inflation continues to fade but people still grapple with higher prices

Why did Starmer cut the winter fuel allowance? It’s called Treasury brain – and that spells trouble

It has struck again, the notorious syndrome that causes Chancellors to identify cost savings that look ingenious on a spreadsheet but turn out stupid in the real world, says Guardian column Rafael Behr

‘People’s futures on the line’ amid surge in youth unemployment, unions warn

Statistics show 16 to 24-year-olds out of work at highest level since pandemic, a rise of almost 50% in two years

Brent crude tumbles below $70 per barrel as oversupply fears hit oil price – as it happened

Brent crude has hit its lowest level since December 2021

What is the state pension triple-lock rise and what does it mean?

Level looks poised to rise to £230 a week from April 2025 as a result of government formula

UK wages figures will affect state pension, interest rates – and Rachel Reeves

Likely 4% pension rise next year could help defuse row facing chancellor over winter fuel payment

UK state pension could rise by about £460 a year from April, wage growth figures suggest

Average earnings including bonuses in three months to July – used to calculate the triple lock – grew by 4%

UK debt must be steered off unsustainable course, warns Lords committee

Peers said they were raising a ‘big red flag’ and tough choices will be needed

The Guardian view on Keynesian naivety: workers must be able to bargain for a fair share

Editorial: As the TUC annual conference begins, new figures from the UN show why productivity growth doesn’t naturally benefit everyone

Mario Draghi warns EU at risk without €800bn a year investment boost; Germany ‘facing three-quarters-long recession’– as it happened

‘For the first time since the cold war we must genuinely fear for our self-preservation,’ warns former ECB chief as he presents new report on European competitiveness

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  • Mayfair casino facing legal action after former waiter says he did not get fair share of tips
  • OpenAI’s apparent failure to visit key site raises questions over UK investment
  • As auto costs rise, will the US miss the golden age of electric vehicles?
  • Why can’t Britain turn its green revolution into cheap energy? A visual analysis
  • Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay
  • Peter Checkland obituary
  • London has lost ‘catastrophic’ 89% of car club vehicles since Zipcar exit
  • UK service sector shrinks amid Iran war disruption and heatwave; FTSE 100 hits four-month closing high – business live
  • New pipeline in Canada to proceed after C$150bn pledged to ease BC and First Nations concerns
  • A council housebuilding boom is central to Burnham’s vision. Can it be done?
  • UK summer bookings jump as Britons put off overseas holidays by travel fears
  • Starling Bank to cut 130 jobs and boost investment in AI to reduce costs
  • Police criticise decision to let pubs stay open until 5am for England match
  • Gymshark founder in talks to buy back part of stake sold to private equity firm
  • Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
  • ‘Don’t kill music’: Anthony Albanese’s favourite bands beg PM to stop AI companies from stealing their work
  • Burnham promises to ease cost of living pressures if he becomes prime minister
  • Infrastructure cuts to pay for defence will cost UK 10,000 jobs, analysis shows
  • Keir Starmer to allow pubs to stay open until 5am for England v Mexico match
  • US economy added fewer jobs than expected in June as World Cup fails to boost hiring – as it happened
  • FCA ordered to partly suspend car finance compensation scheme
  • US employers added just 57,000 new jobs in June, lower than expected
  • MPs seek to end UK broadcast of Russian ‘soft power’ cartoon Masha and the Bear
  • Ministers call for better tracking of teenagers at risk of dropping out of work or training in England
  • Ryanair warns of summer ‘queue chaos’ at EU airports over fingerprint checks
  • All the whey up! How a dairy byproduct became the star of the ‘proteinmaxxing’ boom
  • Fans in short supply as next UK heatwave approaches, says Currys
  • Billionaire to invest £35bn in small modular nuclear reactors rollout across UK
  • Bankers and unions set for clash over possible Burnham tax raid on UK banks
  • OpenAI ‘in early talks to give 5% stake to US government’

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