Grocery price inflation in Great Britain rises for first time in 17 months Shoppers turn to supermarket promotions as they come under pressure from price rises
Jobs market uncertainty causes headache for Bank of England rate setters While the overall economic picture looks relatively benign, deep structural problems remain
Oil price rises for fifth day running amid Middle East tensions; Russian rouble hits three-month low – as it happened Brent crude hits $80 as tensions betwen Israel and Iran rise, while rouble slides after Ukraine’s incursion into Russia
Battle against UK inflation is far from over, says Bank of England policymaker Catherine Mann says Britain should not be ‘seduced’ by price rises easing to the BoE’s target
First UK inflation increase of year forecast in setback for Bank of England City economists predict annual rate to rise to 2.3% in July after two months at Bank’s 2% target
FTSE 100 chief executive pay reaches highest level on record Bosses of UK’s biggest companies are now paid 120 times more than average full-time worker in some instances
Threat to stock markets comes from China and Middle East, not the US US economy has staying power but China’s growth prospects have worsened and too little attention is paid to war in Gaza
Invest in heritage to boost wealth of failing English towns, says new report Celebrating an area’s cultural past is key to reviving its economy, according to Historic England
UK ministers warned to prepare for tough decisions on spending The Treasury has made it clear that reform will be needed as Rachel Reeves begins pivotal review of public finances
Inflation may be low again now, but we are still being overcharged Politicians must acknowledge that companies’ systematic profiteering is pushing household finances over the edge
Black US voters’ economic priorities revealed in new advocacy agenda Black to the Future report recommends policy shifts in housing and healthcare as roadmap for ‘systemic’ inequity
Pound posts longest run of losses in almost a year Sterling records fourth weekly fall in a row despite stock markets largely recovering from Monday’s rout
Pound on track for worst run in almost a year, as FTSE 100 claws back losses – as it happened Rolling coverage of the latest economic and financial news
Why August is one of the most dangerous months in the financial calendar Historically, crises have often erupted in late summer, which is why this week’s mini crash set alarms ringing
Wall Street sees best day of trading in nearly two years amid recovery rally Indices rise days after S&P endured worst day in almost two years amid global stock market sell-off