Economy

Economy

Today’s UK interest rate rise unlikely to be the last unless Iran war ends, Bank of England warns – business live

UK hit by first interest rate rise in three years, as Bank predicts inflation will approach 5% by middle of 2027 UK government bond prices are also rallying today. This has pushed down the yield, or rate of return, on UK 10-year gilts by 4 basis points (0.04 o

The Guardian26m ago
Economy

Faisal Islam: How high will interest rates go?

The BBC's economics editor views one more interest rate as likely, but thinks that will be all.

BBC News27m ago
Economy

Interest rates hiked to 4% in first increase in over three years

Most analysts expected the increase from 3.75% to 4%.

BBC News1h ago
Economy

Three ways the interest rate rise could affect you

Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.

BBC News1h ago
Economy

Bank of England raises interest rates to 4%, the first increase for more than three years

Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs Business live – latest updates The Bank of England has raised interest rates for the first time in three years and warned of another increase to come to combat soaring

The Guardian1h ago
Economy

Rural voters were feeling left behind before the midterms, poll shows

Polling done for the Guardian shows plummeting support from a former key constituency of Donald Trump’s base Polling conducted by the Harris Poll for the Guardian before the election shows just how angry voters were and points to one key reason Republicans los

The Guardian2h ago
Economy

Thursday briefing: ‘A dignified life for all must be the north star’: economist Isabella Weber answers your questions

In today’s newsletter: From the cost of living to the AI bubble and the fight against fascism, Weber answers Guardian readers’ questions on how to build a fairer economy and world Good morning. As stateside celebrations die down, the Democratic party will be f

The Guardian7h ago
Economy

Food, fuel and taxes – can the Democrats do anything to ease cost of living pressures?

Democrats will hold Congress but President Donald Trump still has the power to block their plans.

BBC News7h ago
Economy

Pound rises to its highest level since the Brexit referendum

Pound reaches highest level against a basket of currencies since the Brexit referendum a decade ago.

BBC News9h ago
Economy

US stocks rise, dollar slides as investors digest Democrats’ midterm victories

Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy US midterm elections – live updates After US midterms, what will lame-duck Trump mean for global economy? US stocks have surged as investors digest

The Guardian21h ago
Economy

After the US midterms, what will a lame duck Trump mean for the global economy?

Republicans’ crushing setback will play out in stock markets, inflation, interest rates and economic growth Donald Trump’s loss of control of the House of Representatives and the Senate has put the world economy on notice for an unpredictable final two years o

The Guardian21h ago
Economy

The RBA says there is ‘excess demand’ in the economy. Households doing it tough might disagree | Greg Jericho

The problem with inflation driven by factors such as wars and supply side shocks is that interest rate rises don’t do much Get our daily political email , free app or daily news podcast On Tuesday this week came the biggest news regarding inflation. No, not th

The Guardian23h ago
Economy

UK interest rates increase expected after services sector activity accelerates

Purchasing manager’s index at eight-month high, bolstered by spending on AI as firms regain momentum lost to Iran war The Bank of England is expected to raise interest rates on Thursday after a closely watched survey showed growth across the UK’s services sect

The Guardian23h ago
Economy

What's happening to UK interest rates and what does it mean for mortgages?

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

BBC News1d ago
Economy

The Guardian view on Labour’s growth obsession: a different economics is possible | Editorial

The latest edition of Radical Thinking, the Guardian’s new podcast, should be required listening at a Treasury still stifled by outdated orthodoxies As prime ministers have come and gone at bewildering speed in recent years, the search for elusive economic gro

The Guardian2d ago
Economy

On Brexit, Andy Burnham could do worse than follow the lead of Pericles | Letter

The Athenian led the people, he didn’t follow them, writes Prof Costas Milas Your editorial ( The Guardian view on a changing Brexit debate: Kemi Badenoch is trapped in denial, 29 October ) notes that when it comes to Brexit, Andy Burnham appears to be followi

The Guardian2d ago
Economy

Give us all a share of Rolls-Royce’s profits | Brief letters

Government should invest, not subsidise | Size matters | ‘Ferritin face’ | Train announcements | Reform UK’s newspaper Rather than give Rolls-Royce a £1.25bn subsidy to develop the next-generation narrow-body jet airliner programme ( Nils Pratley on finance, 2

The Guardian2d ago
Economy

'Quiet quitting' could be hitting the economy - here's why

Britons have become less engaged with the jobs they do and are less willing to put in extra effort, a report has found.

BBC News2d ago
Economy

‘In the trenches’: Wisconsin’s struggling small businesses could turn a Trump ally’s district blue

Affordability and small businesses’ economic woes feature heavily in the House race for Wisconsin’s third district US midterms 2026 live – latest updates Track live results from all 50 states After 18 years in business, Erin Klaus is closing her storefront, a

The Guardian2d ago
Economy

RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008 Get our daily political email , free app or daily news podcast The Reserve Bank governor Michele Bullock has said that “some pain now will prevent even wor

The Guardian2d ago
Economy

UK job satisfaction at record low amid rising frustration over pay and flexible working

Resolution Foundation study finds workers are less willing to go ‘above and beyond for employers than a decade ago’ Job satisfaction among UK workers has dropped to a record low, according to a study that shows a growing frustration with employers over pay and

The Guardian2d ago
Economy

The RBA has hiked interest rates. Use our loan calculator to check how it could affect you

Reserve Bank of Australia announces fifth hike this year, adding to the cost of monthly mortgage repayments Get our breaking news email , free app or daily news podcast The Reserve Bank of Australia hiked interest rates to an 18-year high on Tuesday – the fift

The Guardian2d ago
Economy

‘Sharper, longer slowdown’ predicted for Australian economy as fifth interest rate hike looms

Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices RBA interest rates live updates: Reserve Bank cash rate decision Get our breaking news email , free app or daily news podcas

The Guardian3d ago
Economy

Is the government really on an ‘out-of-control’ spending splurge? It’s complicated

Defence, the NDIS and health responsible for much of increased government outlays and treasurer Jim Chalmers has few levers to pull Get our daily political email , free app or daily news podcast “Will the prime minister acknowledge reality … and admit Labor’s

The Guardian4d ago
Economy

How Rachel Reeves has mapped out the economic agenda for Andy Burnham’s government

On Brexit, devolution and investment, the former chancellor is eerily in tune with the man who sacked her Reeves says UK’s future is in the EU Which senior politician has argued that “Brexit did deep damage” and that the government seeks “not to turn back the

The Guardian4d ago
Economy

The measure slipped into UK budget that could protect spending on children, youth and rough sleeping | Heather Stewart

PDEL, which will ringfence money for preventive policies, marks a welcome and potentially consequential addition John Healey’s debut budget was far from a blockbuster, but it may come to be remembered for the birth of a plucky new character in the tax and spen

The Guardian4d ago
Economy

The US-China trade war seems to have subsided – but the sense of calm is misleading

A truce has cooled the trade conflict, but neither country has done anything to limit the outbreak of new hostilities Donald Trump ’s trade wars have largely fallen off the headlines. Fears of new tariffs flare up from time to time when the US president goes o

The Guardian4d ago
Economy

Energy bills help 'doesn't go far enough'

Families in the West Midlands say they are worried about paying winter energy bills.

BBC News4d ago
Economy

US interest rates held steady and economy grows - what it means for you

The Federal Reserve's interest rate decisions affect everything from mortgages to car loans

BBC News29 Oct
Economy

Faisal Islam: This Budget was micro and that was deliberate

Chancellor John Healey's plans fall short of radical action to create a promised new economic model.

BBC News29 Oct
Economy

'Painful' years ahead, think tanks warn, as living standards set to fall

Budget forecasts show growth in living standards grinding almost to a halt.

BBC News29 Oct
Economy

How people fighting rising costs reacted to Budget

While some measures were welcomed, many questioned whether households would feel better off.

BBC News29 Oct
Economy

I earn £30,000. I'm angry there was no fuel duty cut in the Budget

People on a range of incomes from £4,062 to £150,000 a year tell the BBC what they made of this year's Budget.

BBC News29 Oct
Economy

Treasury will not commit to reducing welfare bill before next election

The Treasury is disputing that the chancellor suggested to the BBC the benefits bill will be cut before the next election.

BBC News29 Oct
Economy

Chancellor says government has 'moral duty' to help young people who are out of work

Chancellor John Healey says any cuts to welfare will be done "in a Labour way".

BBC News29 Oct
Economy

No cost of living payment for NI until Stormont budget agreed, says Bryant

In his first budget, Chancellor John Healey said £100 for lower income households in England should be replicated in the devolved nations.

BBC News28 Oct
Free newsletter

Never miss a headline

The biggest stories in business and finance, delivered to your inbox. Join thousands of readers — unsubscribe any time.