Starmer names former Bank deputy governor as his chief economic adviser Minouche Shafik quit Columbia University after controversy over anti-Israel protests on New York campus
‘Just hysteria’: UK faces a crisis but the IMF bailout talk is overblown Despite sluggish growth and rising borrowing costs, most economists agree that Rachel Reeves doesn’t face a repeat of 1976
Pre-budget lift for Rachel Reeves as UK business confidence rises Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014
Treasury should tax big banks on quantitative easing windfalls, argues thinktank IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year
Fed governor Lisa Cook sues Trump over his ‘illegal attempt’ to fire her US president spent months waging campaign against Fed’s leaders, which has raised questions over its independence
Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – as it happened Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’
Liz Truss backs Trump attacks on Fed and says ‘reckoning’ on way for central banks Britain’s shortest-serving prime minister also critical of Bank of England and European Central Bank
Treasury ‘considering taxing landlords’ rent’ to raise £2bn Proposals for autumn budget would mean expanding national insurance to include rental income
France on the brink: how a budget deficit became a political crisis With the government facing defeat in a confidence vote, the nation’s economic problems will still need to tackled
Half of UK adults worry that AI will take or alter their job, poll finds The TUC calls for a new approach to technology and greater input from workers on how it is deployed
More pain for Reeves as government borrowing cost nears 27-year high Chancellor is urged to ‘get a grip’ on country’s finances as yield on 30-year bond rises to 5.62%
Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor
UK retail shares fall amid fears of squeeze in consumer spending Parent groups of Primark and B&Q hit as analysts say jobs and inflation concerns could affect sales
What Trump’s move to fire Fed governor means for central bank’s independence The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control
Nature loss will cut UK GDP by 5% without action from private sector, say experts Report finds regenerative approach could yield economic benefits while helping to meet environmental targets