Sir Keir Starmer has dismissed economists’ stark warnings that Labour faces a £50 billion black hole in the public finances, as pressure mounts on Chancellor Rachel Reeves to break key …
Inflation
News and analysis on inflation in the UK — including rising prices, Bank of England updates, cost of living pressures, interest rate changes, and government or political responses.
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The Federal Reserve has rebuffed President Donald Trump’s increasingly vocal demands for interest rate cuts, voting unanimously on Wednesday to maintain the benchmark rate at its current range of 4.25% …
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U.S
US Economy Grows 3% in Q2, Beating Expectations but Fed Rate Cuts Remain Distant
by Tara WhitmanThe US economy rebounded more strongly than anticipated in the second quarter of 2025, growing at a 3% annualised rate according to data from the Bureau of Economic Analysis, making …
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Labour’s flagship pledge to make Britain the fastest growing economy in the G7 is lying in tatters after the International Monetary Fund revealed the UK would trail behind Donald Trump’s …
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Rachel Reeves is reportedly considering a tax raid on pensioners amid growing pressure to fill the Treasury’s coffers, whilst simultaneously preparing to reject Labour backbench demands for a wealth tax …
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The rate of inflation has risen by more than expected on the back of fuel and food price pressures, according to official figures which have prompted accusations of an own …
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President Donald Trump announced Saturday that the United States will impose blanket tariffs of 30 per cent on all goods from the European Union and Mexico beginning 1 August, marking …
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News
Streeting Offers Doctors Higher Pay for Reduced Pensions as Five-Day NHS Strike Looms
by Darren SmithWes Streeting today suggested striking doctors could secure higher pay if they agreed to slash their “gold-plated” pensions, as he launched a blistering attack on plans for a five-day walkout …
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Economy
Global Economy on Edge as Trump’s Tariff Deadline Looms with Only Two Deals Secured
by Darren SmithThe United States has secured just two trade agreements as President Donald Trump’s 90-day tariff pause expires Wednesday, falling far short of the administration’s ambitious “90 deals in 90 days” …
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Politics
Downing Street Insists Keir Starmer Will Not Sack Rachel Reeves After Chancellor Appears Upset at PMQs
by Darren SmithDowning Street has insisted that Sir Keir Starmer will not sack Rachel Reeves after the Chancellor appeared visibly upset during a heated exchange at Prime Minister’s Questions. Sir Keir Starmer’s …