Trump’s 30% tariffs would eliminate EU-US trade, says chief negotiator Šefčovič EU trade commissioner says ‘we want to use ‘every minute until 1 August to find a negotiated solution’
Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – as it happened Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.
Pound drops after Bank of England says it could further cut interest rates if jobs market slows ‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey
The Guardian view on Brics growing up: A new bloc seeks autonomy – and eyes a post-western order Editorial: The expanding group of emerging powers is building new rules, new tools and a shared industrial future – with or without Donald Trump
Why Labour should target happiness alongside economic growth With the UK still shaking off the psychological side-effects of Covid, Rachel Reeves might want to broaden her aims
Could AI be accelerating slowdown in the UK job market? Country’s economic woes remain main determinant to work opportunities but technological change is also creeping in
Rachel Reeves expected to review pensions auto-enrolment Exclusive: Announcement expected as part of series of changes outlined in chancellor’s Mansion House speech
Enduring confusion is the only certainty amid Trump’s latest tariff threats Experts suspect ‘front loading’ of activity may mask deeper impact of tariffs on the US economy
Rachel Reeves to try to reassure City investors after unexpected UK GDP fall Chancellor’s Mansion House speech to cite ‘opportunity’ in attempt to shrug off anaemic economic performance
Rachel Reeves says May’s fall in GDP is ‘disappointing’; Trump tariffs knock markets – as it happened UK GDP falls by 0.1% in May, following 0.3% fall in April.
Fall in UK GDP puts focus back on expectations of tax rises in autumn budget Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recovering
FTSE 100 hits record high as investors shrug off trade war concerns Trader confidence that Trump will not act on tariff threat sends London Stock Exchange index to 8,979 points
FTSE 100 share index hits record high; four people arrested over UK cyber-attacks – as it happened Rolling coverage of the latest economic and financial news, as shares in London end the day at a new closing high
Bank of England says UK banks can increase riskier mortgage lending; Nvidia becomes first $4tn company – as it happened Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loans
Bank of England rolls out looser mortgage rules to help first-time buyers Move hopes to push lenders to offer more high loan-to-income mortgages and help 36,000 buyers on to housing ladder