Rachel Reeves is hoping deregulation will save the economy. We know how that ends

The chancellor’s emollient speech to City bosses this week was alarming. There are better ways to revive Britain’s fortunes, says Guardian columnist Larry Elliott

Diageo CEO Debra Crew steps down; UK inflation rises to 18-month high of 3.6% – as it happened

Crew leaves after investor disquiet over company’s lacklustre performance; UK food prices rise most since February 2024 but economists still expect August rate cut

UK inflation rises unexpectedly to 3.6% driven by food and fuel prices

Annual increase in June follows warnings about increase in employment taxes leading to job cuts and higher prices

UK inflation rise makes it clear: the cost of living crisis has not gone away

Analysts say pressure will be on Bank to keep interest rates higher for longer, as consumers’ mood stays gloomy

Trust in the US is eroding. The question isn’t if the dollar will lose supremacy – it’s when

De-dollarisation is not a threat to global stability. Countries are simply questioning the rules of a game long rigged in Washington’s favour

Wednesday briefing: Why Labour wants to cut financial red tape – and why critics fear that risks a new crisis

In today’s newsletter: Rachel Reeves has announced the ‘biggest financial regulation reforms in a decade’ – but are they enough to spark the economy?

Reeves says rules and red tape are ‘boot on the neck’ of business

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growth

FTSE 100 breaks 9,000-point barrier to reach new high

London’s blue-chip index has risen 10% in 2025 helped by investor flight from US stocks amid Trump’s trade policies

FTSE 100 share index hits 9,000 points for the first time; US inflation rate rises to 2.7% – as it happened

London stock market hits new peak, Thames Water reports £1.6bn loss, and Rachel Reeves outlines ‘Leeds reforms’ for financial services

US inflation rose in June as Trump’s tariffs start to show in prices

Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%

China’s economy beats expectations in face of Trump’s trade war

GDP grows 5.2% in second quarter as world’s second largest economy ‘front-loads’ shipments before tariffs kick in

To hoard or not to hoard? UK consumers on the pros and cons of cash

Events such as the Iberian power blackout have led some to go back to physical money, but others are not convinced

Reeves to say cuts to City red tape will bring trickle-down benefits to households

Chancellor to announce raft of deregulation changes as City regulators move to pare back transparency rules

Hot weather lifts UK spending as fans and sports gear add to sales

Retail body says sales up by 3.1% year on year in June after drop in May, but Barclays finds shoppers are cautious

UK politics: Tories’ energy policy shows they are ‘anti-science, anti-jobs, anti-future’ Miliband tells MPs – as it happened

Energy secretary says it is not clear if opposition have any net zero policy