Energy bills, mortgages, food: will cost of living surge again under Labour? The government claims to be fixing the economy but households may face more pressure in the months ahead
UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – as it happened Rolling coverage of the latest economic and financial news
Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nears $100,000 – as it happened UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes up bitcoin
UK government borrowing in October tops forecasts at £17.4bn Debt interest payments push public finances deeper into the red in fresh blow to Rachel Reeves
UK inflation rises to 2.3%, increasing pressure to delay interest rate cut Figure is above Bank of England target after energy bills push up prices
Ford to cut 4,000 jobs in Europe, with Germany and the UK hardest hit – as it happened US carmaker to lay off 14% of its European workforce
UK’s jump in inflation lays bare the risks ahead for Labour Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%
Trump tariffs are coming, but some Chinese companies may already know how to avoid them Some experts liken tariffs to a game of whack-a-mole, with trade flows simply rerouted if the potential rewards are big enough
Retailers deserve a break – but they shouldn’t look to the chancellor for one A letter by 79 firms voicing ‘significant concerns’ over the budget is likely to do little more than irritate Rachel Reeves
UK retailers warn Reeves of £7bn hit from budget tax rises Increase in national insurance contributions and national living wage will add to costs, says BRC
Housework to green energy: the new markers of growth in rival metric to GDP Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS
Keir Starmer denies budget to blame for rise in mortgage rates PM says budget stabilised the economy, while mortgage rates are ‘individual decisions for the banks’
Tax rises in budget sap UK consumer confidence and will hit pay growth, say reports Survey shows households’ economic fears, while Goldman Sachs predicts impact of increase in employer NICs
UK consumer confidence drops as household finances are squeezed; UK and US sign civil nuclear collaboration deal – as it happened Rolling coverage of the latest economic and financial news
Budget tax rises could push more firms into trouble, says insolvency specialist National insurance increase and higher interest rates mean company failures will stay high, says Begbies Traynor