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Critic of Osborne’s austerity policy joins Bank of England rate committee

Alan Taylor takes three-year term on Bank’s monetary policy committee and replaces Jonathan Haskel

‘A big ask’: can Labour fix Britain using modern supply-side economics?

Turning to a theory championed by the US Treasury secretary, Reeves aims to upskill the workforce while boosting productivity

RBA downplays role of government spending in stoking inflation

Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory

Dollar jumps as strong US retail sales ease recession fears – as it happened

US retail sales grew by 1% in July, much stronger than the 0.3% expected; UK GDP grew by by 0.6% in second quarter of 2024

UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it

GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough

The Guardian view on Labour’s economic message: blaming the Tory legacy isn’t enough

Editorial: Without a clearer sense of a national destination, the prime minister risks being cast as an agent of continuity instead of change

Reeves should nail down UK AstraZeneca deal. A collapse would be embarrassing

Chancellor hopes to cut state aid for Speke vaccine plant to £40m. But pro-growth Treasury must not let project slip overseas

Interest rate cuts expected after US and UK inflation reports – as it happened

UK inflation has risen to 2.2%, less than feared, while US inflation dipped to 2.9% last month

UK inflation rises to 2.2% in first increase since December

Annual rate in July climbs back above Bank of England target of 2%, ONS figures show

US inflation dipped in July as Federal Reserve expected to cut interest rates

Prices rose at an annual rate of 2.9% in July, as inflation dipped below 3% for the first time since 2021

AstraZeneca hits £200bn valuation as ambitious plans pay off – as it happened

Pharmaceuticals giant has hit a £200bn stock market valuation, a decade after fighting off Pfizer’s takeover approach

Bank of England could still cut interest rates again despite rise in inflation

July fall in service sector and core inflation may open door for policymakers to make reduction

Revealed: how UK’s poor paid price of ‘cheapflation’ in cost of living crisis

Price rises were bigger for budget foods than expensive varieties during peak years of inflation, research shows

UK unemployment falls as wages growth hits lowest in two years

Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget

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  • I’ve seen what the death of major industry did to Britain. Without a good revival plan, Burnham cannot succeed
  • Not cool: the air conditioning scams offering fake deals in the heatwave
  • Can I take the day off for England’s World Cup game – and what if I’m late for work?
  • Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham
  • 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

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