The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile Breakdown shows Washington now prioritises its own interests over any semblance of shared economic ground
Jumpy bond markets make it clear: Trump risks driving US into debt crisis Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength
‘The line’s running half-empty’: Llanwern steelworks feels the heat from cheap steel imports New quotas to protect UK firms and jobs appear to be having opposite effect in products such as galvanised steel
Retail sales in Great Britain fall despite heatwave increasing food and drink demand Volume of goods sold in stores and online dropped 0.5% in July, ONS says
UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlier
Michael Cohen, ex-fixer for Trump who once testified against him, hosts president on his radio show – as it happened Despite previously comparing him to a ‘mobster’, Trump’s former personal lawyer showers him with praise. This blog is now closed.
Why is the Trump administration causing turmoil in the bond markets? As yields are dragged higher in the UK, Europe and Japan, the impact for consumers and businesses will be far-reaching
‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned
JD Sports cuts £50m from profit forecast as cost of living pressures hit trainer sales Inflation fuelled by Iran conflict deterring shoppers, especially in the US, says high street chain
Can Andy Burnham rewire the ‘Treasury brain’ to boost growth? PM wants to reduce department’s stranglehold on public purse and bring long-term thinking to economic policy
Is the US actually too chicken to take on China for trade? A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports
US treasury doubles debt buyback to steady bond market amid inflation fears Interest rates, now sitting at about 3.5-3.7%, expected to go up if inflation doesn’t come down to Fed’s 2% target
Rising inflation underlines scale of Andy Burnham’s cost of living challenge PM’s plan to shield households from more pressure risks being overwhelmed by wider price rises
UK inflation rises to 2.9% as Iran war drives up energy bills Accelerating price increases in July add to pressure on households, with chancellor saying ‘there is more to do to restore hope’
Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – as it happened Youth unemployment down to 16.2% but remains at high level; Brent crude climbs above $91 a barrel as US-Iran ceasefire ends