Labour poised for fresh welfare changes after scale of youth jobs crisis revealed
Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’
US inflation rose at fastest pace in three years in April as Iran war hikes up prices
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms
US PCE inflation rate hits three-year high as Iran war pushes up prices – as it happened
Rolling coverage of the latest economic and financial news, as number of UK ‘Neets’ hits 12-year high
Ministers in talks over shelving carbon tax on fertiliser to curb UK food inflation
Ministers in talks with farmers about package of measures, including pause on duty due to come into effect next year
Modelling shows 90% of young Australians will be better off under Labor’s tax reforms
The $1,000 tax deduction, $250 ‘working Australians tax offset’, and CGT and negative gearing changes will benefit most young people, Treasury secretary says
Tony Blair is strong on diagnosis, deluded on prescription: Britain’s ills can’t be fixed by him
The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the past, says Guardian columnist Larry Elliott
The Guardian view on Britain’s economy: to profit politically a recovery must be felt in people’s pockets
Editorial: The chancellor can point to growth and lower inflation, but weak job data, flat living standards and uncertain productivity are no reason to cheer
BP chair removed over ‘unacceptable’ governance oversight and conduct issues; UK petrol prices hit new Iran war high – as it happened
Rolling coverage of the latest economic and financial news
Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’
Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in ‘endless loop’
Next boss warns over ‘dramatic fall’ in UK entry-level jobs
Peer’s comments come as Milburn report is likely to find government has failed to tackle youth unemployment
NS&I failures pile on the agony for bereaved families chasing missing premium bonds
Errors and delays in tracing accounts at the trusted savings institution have compounded the stress of relatives losing loved ones
UK consumers likely to face higher prices ‘for many months to come’
Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflict
With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough
Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession
Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year
Prewar US gas prices averaged about $3 a gallon nationally – kiss that number goodbye for 2026
UK borrows more than forecast in April as inflation adds to benefits bill
The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn