Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September
‘Time has come’ for US Federal Reserve to cut interest rates, says Powell Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September
‘No blank cheques’: Rachel Reeves defends pay deals with unions Chancellor rebuts Tory accusation she will be a soft touch and hints at tweak to debt rule to allow more borrowing
Paris Olympics boosts eurozone economic growth; UK business activity accelerates –as it happened Olympic Games has delivered France’s best month of growth since March 2023, while UK economy is also strengthening in August
Paris Olympics gives eurozone economic boost after rise in spending French service sector drives growth but experts warn strong figures mask disappointing performance elsewhere
UK ministers rule out joining youth mobility scheme with EU Report that EU proposal on work and study for under-30s could be revisited is denied by government
China begins anti-subsidy investigation into European dairy imports Inquiry into eight EU countries is latest chapter in hostility between Beijing and EU over trade
New US job market numbers weaker than expected as Fed eyes interest rate cut The US created 818,000 fewer jobs than first calculated as the Federal Reserve hints at a rate cut
Economists predict higher taxes and borrowing after UK deficit overshoots forecasts – as it happened Tough budget looms after UK deficit hits £3.1bn in July – ahead of City forecasts of £1.5bn, and soaring over OBR forecast of £100m
What personal tax rises might Rachel Reeves introduce to ease UK deficit? We look at likely changes, as chancellor plans measures to plug £22bn public finances shortfall
Reeves can point to ONS public finances report as cover for a harsh budget October review is expected to be eye-wateringly severe, but chancellor will draw on official data to make her case
UK government borrowing hits higher than expected £3.1bn in July Figures come amid row between Labour and Conservatives over true state of public finances
It’s the Economy, Stupid! review – engaging account of maths, money and personal cost Joe Sellman-Leava’s dramatised lecture, with droll asides from Dylan Howells, could hit harder at a greater length
Rachel Reeves planning to raise taxes and cut spending in October budget Chancellor insists she still has large black hole to fill despite stronger than expected growth in first half of 2024
Company insolvencies in England and Wales higher in past year than during financial crisis; gold hits record highs – as it happened Company failures dip in July, but over the last 12 months are higher than in 2008-09