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Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – business live | Business

Cool UK jobs market 'questions need for rate hikes' – economistsJames Smith, developed markets economist, UK at ING, said the cooling labour market means...

Top economists urge Burnham to sign UK up to UN initiative on global inequality | Inequality

Forty prominent progressive academics are urging Andy Burnham’s government to join a new global push to tackle inequality.The experts include Nobel winner Joseph Stiglitz,...

UK public finances under pressure after surge in borrowing; water company shares fall after Burnham win – business live | Business

Introduction: UK borrowing surges over forecasts in MayGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The...

Bank of England governor warns UK public to expect higher costs this year | Bank of England

The governor of the Bank of England has warned consumers to expect higher costs this year as a result of the conflict in the...

UK inflation stays at 2.8% as slowing food prices offset rising transport costs | Inflation

UK inflation unexpectedly remained at 2.8% in May, as rising energy costs caused by the Iran conflict were offset by slower increases in food...

Thames Water nationalisation moves closer as government objects to rescue deal | Thames Water

The UK environment secretary has objected to a £10bn rescue proposal for Thames Water because it would place an “undue burden” on consumers, pushing...

Oil prices hit three-month low and markets reach record high amid Iran deal breakthrough | Oil

Global oil prices have tumbled to a three-month low and stock markets closed at a record high amid fresh hopes that a US-Iran peace...

Ministers could give billions raised by business rates to England’s regions | Tax and spending

Ministers are considering handing over billions of pounds raised by business rates to regional mayors as part of one of the biggest shake-ups of...

UK and Japan set to agree investment deal worth £18bn | Trade policy

The UK and Japan are set to agree £18bn worth of investment, creating tens of thousands of jobs.Prime minister Keir Starmer will welcome his...

SpaceX makes largest ever stock market debut, making Elon Musk world’s first trillionaire | SpaceX

SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company. Public trading...

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