Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Indices hit lowest levels this year as Britons ‘hold their breath’ for tax rises on October 30

But Andrew Bailey wants to see a further decline in services price growth

Fund’s chief economist sees chance of more ‘aggressive’ Bank of England rate cuts as chancellor prepares for Budget

A bump in economic growth will be welcome for Chancellor Rachel Reeves as she prepares for the budget next week and has placed herself in a tough fiscal position.

Central bankers are concerned that Donald Trump will unleash a new trade war if he returns to the White House, making their job much harder.

This month's inflation rate is also normally used to set April's increase in benefits including jobseeker's allowance, maternity allowance, housing benefit and universal credit.

The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates – had largely disappeared as a bond-mar...

The UK and euro area central banks have little choice but to lower their key interest rates twice before the end of 2024.

The findings of the GfK survey chime with official retail sales figures also released on Friday which showed sales growth was limited to supermarkets and clothing retailers offering end of summer...

There's a worry that higher interest rates, which can deter spending and investing, are causing unnecessary damage to the economy.

The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.

While the headline figure staying steady is welcome, there are unwelcome rises in other measures of inflation that are being watched by officials at the Bank of England as they plot their next...

Figures come ahead of Bank of England interest rate decision on Thursday

The data comes as a surprise. Economists had forecast a return to monthly growth.

Markets expect further ECB rate cuts following dip in price pressures

Prices in August were down 0.3% from a year ago, the first fall since October 2021, a retail group says.

US rate-setter challenges fears of recession as global policymakers prepare for Jackson Hole meeting