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
‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable? With the budget looming, arguments rage over whether ministers should scrap a pledge popular with millions
Gasoline prices drive up US monthly inflation; four UK interest rate hikes expected by next summer – as it happened US monthly inflation rate rises to 0.4% in August, though annual rate unchanged at 3.4% and core inflation dips a little
‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisis
UK economy unexpectedly grows 0.4% in July boosted by AI Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout
Friday briefing: Would a wealth tax save our public services or be billionaire repellent? In today’s newsletter: Some think taxing the super-rich is a moral obligation, others say it drives cash away from the country. The truth may be somewhere in the middle
Global bond sell-off resumes as surging oil prices stoke fears about inflation Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing
John Lewis losses widen to £124m as shopper confidence dips Retailer says first half was a tougher market than it expected, though Waitrose grew sales
Trouble in US bond market could mean higher prices are here to stay Concerns over rising inflation, continuing war with Iran, and the US’s record national debt have shaken the market
Labor premiers join business groups in warning Albanese government over immigration cuts Federal Labor is poised to announce a migration crackdown despite fears slashing visa numbers could damage economy
Chancellor urged to fix £100k childcare ‘cliff edge’ that prompts parents to cut work Threshold pushes some to reduce hours or stop working to avoid losing entitlement, report warns
Bond market rebuffs US treasury’s plan to buy back $6bn in government debt Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis
EU unveils ‘buy European’ public procurement rules to counter China Authorities and public bodies to be urged to buy goods and services from Europe, but without binding quotas