Lift for Rachel Reeves as UK borrowing hits three-year low Drop to £11.2bn a welcome figure for chancellor after backlash from business leaders to budget
Canada’s government in shambles after Trump tariff threats – what can it do next? Even before he assumes the presidency, Trump has sent the Canadian government into paroxysms with trade threats
Bank of England holds interest rate at 4.75% but warns of UK stagnation risk Central bank downgrades growth forecast amid threat from budget fallout, rising inflation and Trump trade tariffs
Inflation fears trump growth concerns among Bank of England’s MPC members Investors are betting on just one more rates cut this year, which could bring stagnation, undermining government efforts to drive the economy forward
Bank of England leaves UK interest rates on hold in 6-3 split, knocking pound – as it happened Final UK interest rate decision of the year, as Spain’s Navantia agrees a deal to purchase Harland & Wolff’s four shipyards
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump? Japan’s complex defence alliances built up over years as protection against China could be put at risk in a Trump-launched trade war
Wall Street falls sharply as Fed indicates fewer rate cuts in 2025 to fight inflation Central bank lowers benchmark federal funds rate by a quarter of a percentage point to between 4.25% to 4.5%
‘Gamechanger’: super fund billions touted as solution to housing crisis Institutional investors traditionally shy away from social housing because returns are too low but Labor initiative may change that
UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget
UK factory orders ‘collapse’ to four-year low, CBI says; inflation rises to 2.6% – as it happened Starmer says more to do on economy so growth is ‘felt in the pockets of working people’; US Federal Reserve widely expected to cut interest rates by a quarter point
UK inflation data leaves Starmer miles off goal of growth ‘felt in people’s pockets’ Increase extinguishes expectations of interest rate cut this week and underlines tough challenges policymakers face
Labor’s long game: why trust and a little fear matter more than a balanced budget With voters distracted by Christmas, the government has saved major announcements for 2025, using the mini-budget to prove it can get its sums right
Company insolvencies rise across England and Wales; interest rate cuts less likely after UK pay growth accelerates – as it happened UK wage growth has risen to 5.2% per year, making Bank of England highly likely to leave interest rates on hold on Thursday
Britain’s bumper pay rises show inflation is tricky to shift Labour market figures do not yet show effects of Rachel Reeves’s tax rises on employers in the budget
UK pay growth leaps to 5.2%, reducing chances of interest rate cut Rise in wages for skilled workers in manufacturing sector drives increase, but vacancies fall again