The Latest Breaking News on Economy

Downing Street said it will be for the next Prime Minister to decide if any extra help should be given this winter as energy bills rocket to more than £3,200 a year

Rolling live coverage of business, economics and financial markets as analysts weigh risk of recessions across the world

Scottish Labour leader Anas Sarwar hits out at the Westminster and Scottish governments over the handling of the current crisis.

Meanwhile £700m of support funds in business rates relief remains unpaid by local councils

With global inflation rising and the fear of fuel and food crises looming large, clouds are gathering on the economic horizon of South Asian countries. Sri Lanka in particular remains mired in a crisis driven by a mix of high indebtedness, soaring inflation and poor economic management.

The Labour leader must paint deep red lines between Labour and the Tories as both Liz Truss and Rishi Sunak appear unwilling to stand up for victims of the cost of living crisis, argues Kevin Maguire

San Francisco Fed President Mary Daly suggested a 50 basis-point rate increase isn’t locked in at the U.S. central bank’s next policy meeting, saying the Federal Reserve is “far from done yet” in bringing down inflation.

The Foreign Secretary’s campaign team said she would accelerate the reversal of the NI rate rise by six months

The former prime minister has warned that millions of people in the UK will be plunged into poverty if urgent action isn't taken

The Tory leadership contender wants to accelerate the reversal of the national insurance rate rise by six months.

The Tory leadership contenders are pursuing a dangerous nirvana of low taxation while ignoring the damage inflicted by leaving the EU