UK rents accelerate as London house prices fall, and inflation rises to 3.1% – as it happened Soaring motor fuel costs have pushed UK inflation to a five-month high in August
Reform-linked thinktank ‘to call for big tax cuts for the rich’ Centre for a Better Britain will urge abolishing inheritance tax and phasing out capital gains tax, report says
Carney says Canada will pursue ‘unique security and economic alliance’ with EU amid US trade spat Prime minister speaks of strengthening Canada’s economic and political ties to Europe at Canada Investment Summit
The Guardian view on the Bank of England’s £120bn bill: power without accountability Editorial: Quantitative tightening has blurred the line between monetary and fiscal policy, leaving ministers accountable for decisions they cannot directly control
UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says Average wages rose by 3.9% in three months to July, signalling pensioners will receive uplift of same percentage in 2027 under triple lock
Bank of England urged to slow or halt bond-selling to slash UK borrowing costs Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds
Panama canal traffic facing further cuts as drought from El Niño worsens Planned daily reductions will further choke one of the world’s most important shipping lanes
US borrowing costs hit 5% for first time since 2023 amid bond sell-off Soaring oil prices of above $108 a barrel after Houthi attacks on Saudi infrastructure stoke inflation fears
UK government moves to acquire Speciality Steel UK; AI stocks hit by calls for slowdown – as it happened Rolling coverage of the latest economic and financial news
Andy Burnham to host entrepreneurs and local mayors at No 10 on Monday Prime minister vows to ‘reindustrialise Britain’ through new partnership with business
The Guardian view on the government’s corporate reforms: entrenching neoliberalism, not ending it Editorial: A recent consultation on corporate reporting prizes the interests of shareholders over society. It’s a step in the wrong direction
Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK Iran war and turbulent global bond markets add to pressure as rate decisions loom this week in major western economies
AI will transform capitalism – but how? Technology is going to drastically reshape the economy, and it’s within our power to decide what that looks like
The perilous economic conditions facing the UK can be traced back to Trump As John Healey drafts his autumn budget, the US president’s policies continue to inflate debt servicing costs
‘Small price to pay’: the young homeowners welcoming falling house prices even as it hurts them Some buyers say they are ready to absorb the fallout of housing weakness if it means boosting home ownership across the board