economy - Page 2

The UK must “rebuild relations” with the EU “while respecting the decision of the British people” who voted to leave in 2016, the Bank of England’s governor has said.Andrew Bailey’s Mansion House

Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall.Consumer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs,

The UK’s unemployment rate has risen, official figures suggest, while pay growth continues to slow.The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous

The UK could face a £22bn hit to its exports if Donald Trump imposes a blanket 20% tariff on all imports into the US, according to a new analysis.UK exports to the

The head of the US central bank has hit back at speculation that his post might be in jeopardy as Donald Trump prepares to assume power in Washington.Federal Reserve chairman Jerome Powell

Rachel Reeves’ Budget is “very, very different” to the Liz Truss mini-Budget of two years ago, according to a senior government minister.Chief Secretary to the Treasury Darren Jones’s comments were designed to

Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy.Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the

The Budget will only “temporarily boost” the economy, according to official forecasts, throwing into question the government’s promises to reboot growth.The pace of growth will peak next year at 2% before falling

The US economy grew solidly in the three months to September, expanding at an annual rate of 2.8%.Despite there being a slight slowdown from the prior quarter’s 3% rate, the figures released

Government borrowing rose last month, marking the third-highest September since records began in January 1993.Official figures show that borrowing – the difference between spending and tax take – reached £16.6bn, continuing a

UK inflation fell unexpectedly to 1.7% in the year to September, the lowest rate in three-and-a-half years.It means the annual rate prices are rising at is now below the Bank of England’s

Firms have “paused” hiring staff and are putting off investment decisions amid speculation of tax rises in the government’s upcoming Budget, a leading business group has warned.Ben Jones, lead economist at the

Warnings of a “painful” Budget tend to mean hefty tax rises are looming.Chancellor Rachel Reeves claims she needs to find £22bn to mend a “black hole” in the public purse.At the same