The Latest Breaking News from Economics

Labour accused PM Liz Truss and Chancellor Kwasi Kwarteng of dabbling in 'casino economics'

Labour leader attacks ‘casino economics’ in wake of £45bn package of tax cuts announced by chancellor

Economist Jayati Ghosh believes a windfall tax is a "no-brainer". "The difficulty is how do you establish how much is windfall? It's very complicated," Ghosh tells FRANCE 24. She is a professor of economics at the University of Massachusetts Amherst and the newly appointed co-chair of the Independent Commission for…

The PM’s assault on economic orthodoxy is a leap in the dark with every prospect of backfiring spectacularly, says Guardian economics editor Larry Elliott

In recent days Mr Biden has hit out at "trickle down economics" in what has been widely interpreted as a dig against Liz Truss's tax cut plans, and the UK has admitted there is no immediate prospect of a trade deal

Liz Truss and Joe Biden are at odds over her plans to increase growth

Foreign Office minister Gillian Keegan replies to Joe Biden pouring scorn on tax cuts for the rich and businesses

Minister rejects label as prime minister says rich will benefit the most

Reports that stamp duty will be cut as PM uses speech to UN to argue for far-reaching tax reductions, putting her at odds with Joe Biden