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Inflation ‘manageable’ at 7.4%, says FM Sitharaman

Washington: Finance Minister Nirmala Sitharaman has reiterated that the inflation rate, which is hovering over 7 per cent in...
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Business

Poorer families risk £1,000 hit from earnings-related benefits rise

If the government raises benefits in line with earnings rather than inflation next year, it would drastically cut the...
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Business

Cliff edge looms for UK’s financial system

Britain’s financial system is approaching a cliff edge. After stepping in to calm the market chaos that followed...
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America’s ‘weird’ economy isn’t working – can Democrats convince voters they can fix it?

I n her back pocket, Ana Diaz carries a smooth grey pebble she calls her “knock-knocker”. She uses...
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Business

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Kwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show...
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Business

Kwarteng considers extending mortgage guarantee scheme

The chancellor is considering extending the government’s mortgage guarantee scheme, after UK bank bosses raised concerns over the state...
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Business

Kwarteng’s tax cuts will force ‘significant’ interest rate rises by Bank of England

A senior Bank of England official has warned “significant” increases in interest rates will have to be imposed by...
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Business

Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election | Larry Elliott

L abour tends to come to power with the economy in poor shape. That was the case for...
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