OECD forecasts will be blow to Sunak’s claims UK economy is improving UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down
UK to be slowest-growing G7 economy next year, warns OECD – as it happened Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025
Why are billionaires scared of Brazil’s plan to hit them with a global tax? Because it makes perfect sense As the fortunes of the super-rich soar, a proposed annual levy of 2% could offer a corrective – and they will fight it tooth and nail, says the Guardian’s economics editor Larry Elliott
UK will be worst performer in G7 next year, OECD forecasts UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy
UK and US manufacturing sectors shrink as new orders fall and prices rise – as it happened The UK’s manufacturing sector suffered a fresh downturn last month as disruption to shipments in the Red Sea hit firms
Inflation in Australia is still stubbornly high. Will the RBA raise interest rates again? With hopes for a rate cut gone, there is speculation of another rise before the end of 2024. What factors will sway the Reserve Bank’s decision?
Eurozone escapes recession; UK mortgage approvals hit 18-month high – as it happened Fastest growth in 18 months as GDP expands by better-than-expected 0.3% in Q1 2024, after two quarters of contraction
Eurozone exits recession as ‘big four’ economies beat forecasts France, Spain, Germany and Italy helped by lower inflation and prospect of interest rate cuts
Inflation in UK shops slows amid price cuts on clothes and shoes Prices in non-food stores are lower in April than a year earlier as stores offload summer stock
Why has the yen fallen to a decade’s low and what does it mean for Japan’s economy? The accelerating slide in the value of Japan’s currency could ultimately be bad news for people in Japan who are heavily reliant on imports
Ireland emerges from technical recession; Ocado CEO’s £15m bonus plan approved despite revolt – as it happened Irish GDP returned to growth at the start of the year, while 19% of Ocado shareholders oppose pay policy that could give boss Tim Steiner a £15m bonus
Ireland reaps €700m Brexit bonanza from customs duties Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain
‘Washout winter’ spells price rises for UK shoppers with key crops down by a fifth Analysts say impact on wheat, barley, oats and oilseed rape harvests means price rises on beer, bread and biscuits and more food imported
Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general election
The Guardian view on rethinking economics: a discipline in disarray holds too much sway in the UK Editorial: Gordon Brown challenged Conservative ideas to fix the economy. His successors unfortunately will not