UK inflation remains stubbornly high at 3.8% in September, posing significant challenges for Chancellor Rachel Reeves as she faces warnings of a £24 billion budget shortfall and tough economic decisions ahead.
The Reserve Bank of Australia issues a sobering alert that the cost-of-living crisis is far from over, with persistent high inflation and interest rates set to continue pressuring family budgets well into the new year.
New data reveals a stunning paradox in the US economy: consumer spending soars to a six-month high despite deepening recession anxieties and soaring inflation. Discover the sectors booming against the odds.
Shoppers across the UK face a severe cost of living squeeze as new analysis warns grocery inflation could surge to 15% this summer, adding hundreds of pounds to annual food bills.
Official figures show UK wage growth slowed to 5.7% while unemployment rose to 4.3%, signalling a cooling labour market that could influence Bank of England interest rate decisions.
The UK faces a deepening economic crisis as inflation hits a 40-year high, the pound sterling crashes, and the Bank of England scrambles to stabilise markets. This comprehensive analysis examines the causes and potential consequences for British household
Exclusive analysis reveals UK food inflation is significantly higher than in Germany, Spain, and France, placing immense strain on British households and raising questions about post-Brexit trade impacts.
Thousands of New York residents are eligible for a one-off inflation refund payment from a $475 million pot. Find out if you qualify for the cash boost and how to claim it.
Award-winning artist Genesis Owusu delivers a powerful critique against politicians blaming minorities for economic crises. In a Guardian interview, he dismantles divisive rhetoric and calls for unity amid inflation struggles.
New ONS data reveals the UK economy showed zero growth in July, with rising inflation and weak consumer confidence putting a brake on recovery. Key sectors like services and production stagnated.
Senior Federal Reserve governors have publicly challenged Donald Trump's economic agenda, warning his proposed policies could severely destabilise the US financial system and lead to dangerous political interference in central banking.
JPMorgan Chase CEO Jamie Dimon has delivered a sobering assessment of the global economy, warning of a 'hard landing' and potential stagflation. The banking titan's comments signal turbulent times ahead for markets, interest rates, and government spending
The UK's FTSE 100 index faces a sharp sell-off as official data confirms the economy shrank in Q3 2024, sparking fresh recession fears and market volatility.
Fresh US Census data reveals a concerning economic trend: while median household income has dipped, inflation continues to erode purchasing power, creating a financial strain for American families.
President Javier Milei's controversial austerity programme and radical economic reforms face a decisive verdict as Argentina heads to the polls. This analysis examines the high-stakes battle shaping the nation's future.
Exclusive data reveals London's food inflation is significantly higher than the UK average, with major supermarkets facing accusations of profiteering. Discover which boroughs are hardest hit and why.
UK Shadow Chancellor issues stark warning against adopting Trump-style economics, vowing to prioritise stability as she prepares for potential Labour government.
Exclusive: Leading economist Julian Jessop issues a stark warning that the Chancellor's planned tax cuts could destabilise the UK economy, creating a £30bn fiscal black hole and forcing the Bank of England to keep interest rates higher for longer.
Former President Donald Trump's radical economic proposals, including universal tariffs and mass deportations, are raising alarm among economists and business leaders who warn of severe inflationary pressure and market instability.
New CBI survey reveals strongest UK business optimism since early 2024, with manufacturing and services sectors leading growth. Inflation expectations ease as Bank of England faces policy dilemma.
A major economic think tank, IPPR, has launched a scathing report demanding a radical overhaul of the Bank of England's mandate. The proposed reforms aim to prioritise economic growth, green investment, and regional equality, challenging the Bank's curren
New data reveals a sharp decline in optimism across Britain's vital services sector, driven by mounting cost pressures and subdued consumer demand, raising concerns for the economic outlook.
Official figures show a dramatic surge in UK air fares this summer, with prices skyrocketing due to persistent inflation and soaring jet fuel costs. Discover what's driving the increase and how it's affecting holidaymakers.
In a major relief for households, UK food inflation has dropped to its lowest level since January 2023. We break down which grocery prices are falling fastest and what it means for your weekly shop.
New data reveals a sharp decline in UK retail sales, with like-for-like growth turning negative. Soaring food inflation and the cost-of-living crisis are forcing consumers to cut back severely on non-essential spending.
Exclusive analysis reveals Treasurer Jim Chalmers has a narrow three-year window to reverse Australia's deepening cost-of-living crisis before voter patience runs out. Can he deliver?
New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.
New analysis reveals the complex mix of global and domestic factors, from climate change to Brexit, that are keeping UK food inflation stubbornly high and squeezing household budgets.
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo