ECB faces tough task after flip in fortunes for eurozone economies Economists say EU countries hardest hit by 2010s debt crisis now in stronger position than France and Germany
Living standards 2025 outlook ‘hardly cause for celebration’, says UK thinktank Household incomes to stagnate or fall but will be offset by better public services, says Resolution Foundation
World Bank lifts China growth forecasts but calls for deeper reforms Policy easing and stronger exports have helped economy, but country still faces property crisis and weak demand
Labour urged to lead global debt relief effort as cost of repayments soars Campaigners call for action in 2025, as crippling repayments prevent spending to cut poverty and tackle climate crisis
American Airlines flight grounding cancelled; UK’s FTSE 100 rises 0.4% as ‘Santa rally’ begins – as it happened Rolling coverage of the latest economic and financial news, on a shortened Christmas Eve trading session in London
‘National disaster’ if troubled Whyalla steelworks falls over, SA premier warns Peter Malinauskas calls situation ‘tricky’ but says state government will continue to monitor Sanjeev Gupta’s GFG Alliance and act where it can
UK growth revised down to zero; firms warn economy is heading for ‘worst of all worlds’ – as it happened UK GDP flatlined in the July-September quarter, ONS reports, as companies warn October budget has hurt economy too
‘It’s a huge problem’: what’s gone wrong at the ONS and why does it matter? The UK’s number-crunching body is still playing catchup over job figures after the pandemic, with validity of survey data being questioned
Is Labour to blame for slowing UK economy? It’s more complex than that Tories point finger at Rachel Reeves’s budget but economy has been misfiring for best part of a decade
Starmer under pressure over promise to drive growth as UK economy flatlines Unexpected downgrade to GDP to show zero growth in third quarter underlines Labour’s challenging start in power
Sharp fall in UK business activity forecast as economic gloom deepens CBI survey finds firms planning to reduce hiring amid weakest expectations for growth since November 2022
Rachel Reeves’ push to improve EU ties remains boxed in by red lines Chancellor’s visit to EU meeting looks for smoother trade to improve growth but youth mobility scheme remains sticking point
Faced with Trump and Farage, Britain’s natural ally is Europe The Labour party’s determination to stick to Brexit simply condemns the UK to fight a lone hand against the far-right forces ranged against it
Let China build electric cars in UK, Tory ex-chancellor tells Rachel Reeves ahead of trade trip Despite ‘spy’ scandal, Philip Hammond says Britain should now adopt a ‘pragmatic approach to Beijing’
UK house price predictions for 2025: with pay rising and rates falling, they’ll just keep going up Nothing seems to stop the relentless march of property values, even with a stamp duty increase looming