Wall Street jumps after US Fed’s Powell signals possible rate cut – as it happened Chair of the Federal Reserve says US economy is facing ‘challenging situation’ as inflation risks persist and job market cools
Fed chair Jerome Powell signals interest rate cuts amid Trump attacks Powell – whom Trump has urged to resign – addressed ‘challenging’ dichotomy of economic risks, including tariffs
Fears grow over impact of ONS data reliability on Rachel Reeves’s budget Troubles at UK statistics body are muddying economic picture for Treasury and spending watchdog, sources warn
Trump officials urge Fed to remove governor after she refuses to quit Federal Reserve governor Lisa Cook is latest figure targeted by Trump administration over claims of mortgage fraud
Strongest rise in UK business activity in a year while hiring falls; WH Smith shares crash 40% on accounting error –as it happened Government borrowing falls to £1.1bn in July as tax receipts rise, but chancellor remains under pressure
CEO-to-worker pay gap surges to 632 to 1 at US’s lowest-paying large firms, study shows At 100 firms in S&P 500 with lowest median pay, executives’ comp increased by average of nearly 35% over five years
‘Mountain to climb’: how Labour is facing a crisis in youth unemployment The government is adding an extra year, and an extra £45m, to its scheme in England to help people find work
Why radical tax reform may be only way for Reeves to balance the books Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgrades
UK borrowed less than expected in July in lift for Rachel Reeves Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budget
Fed governor urged by Trump to resign will not be ‘bullied’ into stepping down Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraud
FTSE 100 hits record high; ministers prepare special administration for Yorkshire steel plants – as it happened UK inflation accelerates more than expected to 3.8%, highest since early 2024
‘Past mistakes must be avoided’: anxiety as Labour eyes public-private funding for NHS Decision on neighbourhood health centres expected in autumn but approach divides policy experts
UK inflation rises by more than expected to 3.8% amid higher food prices Fuel and air fares also pushed up annual July rate, making interest rate cuts less likely this year
Wednesday briefing: Is Rachel Reeves about to overhaul the dreaded council tax? In today’s newsletter: The local tax remains based on property values from 1991. Now, with services stretched, ministers face the near-impossible task of rewriting the rules
Leading US economists urge peers to fight Trump’s attack on environment Experts say undermining green protections and research funding is against the principles of economics