Why the UK’s bank ringfencing doesn’t need large-scale reform Rachel Reeves would do well to drop her ‘boot on the neck’ inflammatory language and err on the side of caution
The Guardian view on Labour’s feelgood economy: it’s not for everyone – especially the poorest Editorial: Ministers boast of rising wages. But for low earners, the cost of living crisis endures – with food and rent inflation erasing any pay gains
Trump’s China trade truce extension spurs market rally Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause
Treasury targeting inheritance tax reforms to help plug UK deficit Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget
UK employers cut back on bonuses and hiring as economic slowdown hits jobs market Unemployment remains steady but vacancy rates drop and pay growth slows
US inflation unexpectedly stays at 2.7%; UK ministers appoint advisers for Thames Water collapse ‘contingency plans’ – as it happened US and China extend 90-day tariff truce; UK labour market slows as employers hold off hiring
US prices continued rise in July as Trump tariffs impact consumer costs Prices were 2.7% higher last month compared with a year ago, and core inflation went up at a higher pace than what was seen in June
Rising job losses and cooling wage growth pose a challenge for Rachel Reeves The rise in NICs, Trump’s tariffs and weak consumer spending have hit firms but there are crumbs of comfort for the chancellor
Trump announces another 90-day pause on China tariffs President signs executive order extending deadline for higher tariffs hours before agreement was due to expire
Why Peak China may finally have arrived The technological and strategic brilliance of its world-class companies are being swamped by macroeconomic troubles
Freddo bar creator would be ‘rolling in his grave’ at its price today, daughter says Harry Melbourne’s froggy treat that cost 10p in its 1990s heyday sells for about 30p or even up to £1 now
UK firms’ hiring intentions remain at record low amid rising employment costs Economic uncertainty also a factor as bosses ‘stuck in limbo’ and drop in recruitment hits young people hardest
Labour should beware Nigel Farage weaponising its part in the cost of living crisis Autumn budget must address pain of high inflation on hard-pressed UK households as food prices rise
Charging ahead: will the UK’s new electric vehicle grant work for you? Industry experts hope the new subsidy will boost Britain’s EV market – but not all models will be eligible
It’s ‘not easy to manipulate data’, warns former labor statistics chief after Trump fires bureau head Erica Groshen says she’s worried about US president bending bureau to his will, but hopes he ‘won’t go that far’