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UK inflation falls sharply to 3.2% amid slowdown in food price rises

Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday

Christmas dinner and festive treats up to 70% more expensive, reports Which?

Price of turkey jumps as much as £15 compared with 2024, while chocolate has steepest mark-up

Unemployment rises in US and UK, adding to pressure to cut interest rates – as it happened

Rolling coverage of the latest economic and financial news, as US non-farm payrolls rise by 64,000 in November but shrink by 105,000 in October

UK unemployment rose to four-year high of 5.1% before budget

October figure from ONS suggests employers laid off workers, as earnings growth excluding bonuses fell

UK and South Korea sign new trade deal aimed at cars, salmon and Guinness

Government says arrangement will bring in extra £400m on top of more than £15bn of existing annual trade with Korea

Rishi Sunak tells Covid inquiry he was worried about UK’s ability to fund itself

Reflecting on chaos of early pandemic, former chancellor said it was ‘acutely stressful’ to see rising interest bill on government bonds

Brighton’s struggling independent stores: ‘The nation of shopkeepers will go on the dole’

City’s small shops are reaching tipping point amid higher business rates, staff costs and big chains eager to move in

Why universal basic income still can’t meet the challenges of an AI economy

Andrew Yang’s revived pitch suits the automation debate, but UBI can’t fix inequalities concentrated tech wealth drives

How many more times will the Bank of England rescue Rachel Reeves?

The City expects a cut in interest rates on Thursday but economic prospects for 2026 complicate the picture

Labour is procrastinating over policy as UK’s economy goes backwards

New business rates regime that is poised to hit pubs and hotels is latest example of hasty decision-making

UK politics: Trump talks ‘complete nonsense’ about crime in London, says Met police commissioner – as it happened

Mark Rowley says capital is a safe city, and claims of no-go areas are ‘completely false’

December cut to UK interest rates ‘nailed on’ after economy shrinks unexpectedly by 0.1% in October – as it happened

Disappointing UK GDP report shows economy contracted by 0.1% in both September and October

UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover

Health and safety rules holding UK infrastructure back, says writer of government report

Exclusive: John Fingleton says regulators need to change their attitude to risk to end the country’s economic stagnation

Green biotech firms to open factories at Grangemouth; Oracle shares tumble 15% after results disappoint – as it happened

Rolling coverage of the latest economic and financial news

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  • Lloyds Banking Group to hire 300 tech experts to work on AI
  • How do people in the US describe customer service in 2026? ‘Debilitating, depressing, enraging. Ugh’
  • JLR at risk of battery supply delays after Somerset factory turmoil
  • Bedtime blues: London ‘killing off nightlife’ as UK city with strictest licensing rules
  • ‘It’s Russian roulette’: alarm as Europe backs critical minerals mines in water-stressed regions
  • Great British summer savings: grab family deals on days out, films and more
  • Boats, bankers and borders: five symbols that sum up Brexit a decade on
  • City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened
  • Heathrow third runway GDP yield may be 90% less than previous estimates
  • The rise of the luxury barbecue: the UK’s new outdoor cooking obsession
  • Kidney cancer rates near Pfas factory in Lancashire a ‘major source of concern’
  • What could US-Iran peace deal mean for UK household costs?
  • Hormuz disruption will continue until 80 mines blocking route are cleared
  • ‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings
  • Datacenters driving US clean energy growth while still threatening climate
  • Shoppers splash out on fans and paddling pools as retail sales in Great Britain hot up
  • Heathrow third runway likely to harm health of millions nearby, official report warns
  • ‘How am I supposed to know if it’s cute on me?’ The strange death of the changing room
  • KPMG leaked confidential Optus information and surveilled whistleblower’s laptop, inquiry hears
  • On the trail of the dotcom queen: how Julie Meyer left a pattern of unpaid bills, missing funds and broken dreams in her wake
  • UK borrows more than expected as impact of Iran war takes toll
  • MPs urge Fujitsu to make ‘immediate’ payment to Post Office Horizon victims
  • Burnham brings in top economists before possible leadership run
  • Another FTSE 100 firm falls to private equity. Where are the new listings?
  • Bank of England governor warns UK public to expect higher costs this year
  • City & Guilds scraps mass redundancies and offshoring UK jobs to Greece
  • Fed governor Lisa Cook faced $1.3m in legal and security fees after Trump’s bid to fire her
  • Not so empty nesters: record-high number of US adults under 35 live at home, new data says
  • Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened
  • Australian net overseas migration falls to lowest level since 2022 – but the Coalition says that’s still too high

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