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