Nurses, care home staff and police officers have had real pay cuts since 2010 as wages lag behind pricesNurses, care home staff and police officers working on Christmas Day will be thousands of pounds worse off than they were a decade ago as a result o…
Markets think Omicron plan B will delay rise in UK interest rates
Fears of economic slowdown mean Bank of England less likely to intervene to dampen inflationCoronavirus – latest updatesSee all our coronavirus coverageNew restrictions to limit the spread of the Omicron variant will delay an interest rate increase fro…
Jerome Powell nominated for second term as chair of US Federal Reserve
White House praises Republican’s ‘steady leadership’ of central bank during Covid pandemicJerome Powell’s handling of the economic fallout from the Covid-19 pandemic has won the chair of the Federal Reserve the backing of the White House for a second t…
Rishi Sunak to save billions by counting IMF cash as aid for poor
Exclusive: chancellor criticised by former Tory international development secretaries for planned use of $27.4bn windfallRishi Sunak is to save billions of pounds by counting as aid financial assistance to poor countries being provided as a result of a…
IMF cuts global economic forecast as pandemic ‘hobbles’ growth
Fund chief Kristalina Georgieva says most serious obstacle to full recovery remains Covid vaccine divide between rich and poor statesThe head of the International Monetary Fund has warned the world economy remains “hobbled” by the Covid-19 pandemic as …
Rishi Sunak’s speech offers mood music but little economic meat
Analysis: chancellor reiterates what he believes in, including himself, during address at Tory conferenceAfter 18 months of opening the state’s chequebook to pay for the huge economic cost of the Covid-19 pandemic, the Conservative party finally got a …
Gordon Brown warns 3.5m households face fuel poverty this winter
Former prime minister says 2021 ‘worst time to be poor’ as he calls for support for struggling householdsThe former prime minister Gordon Brown has demanded fresh government financial support for households struggling to pay energy bills as he warned a…
Inflation is poised to top 4%: is the Bank of England asleep at the wheel?
Analysis: Threadneedle Street is adopting a wait and see policy and keeping interest rates unchangedHigher energy prices will send the annual inflation rate above 4% by the end of the year and keep it there well into 2022. On the face of things, the Ba…
West will kill thousands if it keeps on hoarding vaccines, says Gordon Brown
Former UK prime minister urges rich nations to transfer unused supplies to countries in desperate need‘The west has no excuse not to share vaccines’Coronavirus – latest updatesSee all our coronavirus coverageHoarding of vaccines by wealthy western nati…
Covid inequalities are chance for unions – TUC’s Frances O’Grady
Interview: leader of unions’ group says membership is rising after the pandemic exposed how unfair the jobs market is for manyA growing backlash against a two-tier Covid-19 labour market offers the possibility for unions to rebuild their strength, acc…