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Bank of England’s chief economist dampens hopes of summer interest rates cut

Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last month

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

FTSE 100 hits record high as shares rise amid hopes of interest rate cuts

UK’s blue-chip index reaches 8,076, surpassing previous high of 8,047 in February 2023

Leading UK lenders raise fixed-rate mortgage deals amid ‘market uncertainty’

Borrowers urged not to panic as banks including Barclays, NatWest and HSBC readjust cost of loans

Jeremy Hunt’s scope for tax cuts hit by higher-than-expected borrowing

Government borrowed £120.7bn in the last financial year, with just under £12bn in March

FTSE 100 hits record closing high amid hopes of interest rates cuts – as it happened

Rolling coverage of the latest economic and financial news

FTSE 100 hits record closing high amid hopes of interest rate cuts

UK’s blue-chip index ended trading at 8,023, its highest close ever, as pound falls against dollar

Ten Years to Save the West by Liz Truss review – economical with the truth about her own downfall

The former PM’s whingeing, unintentionally hilarious and scapegoating rant about the economy-crashing disaster of her time in No 10 is best read as a cautionary tale of hubristic zeal

Most difficult global outlook since 1930s heralds end of US-led world order

IMF has revised up growth forecasts but medium-term prospects remain poor as globalisation goes into reverse

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020

Yes, inflation has slowed, but business is still paying the price – and so are you

Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and services

A heedless dash for net zero will waste cash and, later, votes

Keir Starmer must learn from the Tories’ failures and ensure green projects are well planned and resourced

As India goes to the polls, can democracy deliver a better life for all of its people?

Behind a veneer of progress, injustice and inequality propped up by corruption and an outdated caste system haunt the subcontinent

Jeremy Hunt’s tax cut plans to face IMF scrutiny next month

Annual health check to examine whether tax increases or spending cuts will be needed after election

Pound drops as Bank of England deputy governor sees lower inflation ahead – as it happened

Rolling coverage of the latest economic and financial news

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  • Sky owner strikes £1.6bn ITV deal; easyJet shares hit four-year high after it agrees £5.5bn takeover ‘in principle’ – business live
  • EV charger rollout in UK slows amid political uncertainty and rise in installation costs
  • Ocado co-founder to step down as chief executive in 2028
  • Sky owner announces £1.6bn takeover of ITV’s broadcasting arm
  • Big brewers ‘misleading drinkers’ over craft beer credentials, says Camra
  • ‘It’s smoke and mirrors’: hope turns to fear in Scottish village chosen for AI datacentre
  • John Lewis dishwasher leak forced buyers into hotels for eight months
  • How BT’s ‘no nonsense’ first female chief helped turn company around
  • The EU that the UK left no longer exists
  • Making public transport fully accessible ‘could boost UK economy by £176bn’
  • Mobile internet coverage in UK worse than any EU or G7 country, Which? says
  • EasyJet suggests it will agree to £5.5bn takeover by US investment firm
  • Anthony Kasozi obituary
  • The Guardian view on private equity in the public sector: children’s services must be freed from debt-fuelled takeovers
  • Delivery firm Evri sues BBC for £1.2m over Panorama documentary
  • ‘New direction, same old problems’: the economic challenges facing Andy Burnham
  • ‘Did Westminster just ignore buses?’ Burnham aims to shake up UK transport
  • 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

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