Oxfam calls for windfall tax as 99% of world population takes a pay cut while top 10 incomes grow by $1bn a dayCoronavirus – latest updatesSee all our coronavirus coverageThe 10 richest men in the world have seen their global wealth double to $1.5tn (…
Will October again be memorable for wrong reasons as economic risks build? | Larry Elliott
Bad things happen in this month and, as IMF prepares for annual meeting, signs of a crisis loomBad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in…
Boris Johnson’s ‘high wage’ agenda is taking the wind out of Labour’s sails | Larry Elliott
The PM thinks his interventionist approach to the economy is a winning formula. Without a coherent opposition, he could be rightThere’s nothing original about saying Britain needs a new economic model. Nor that poverty wages should be a thing of the pa…
Fuel crisis and supply shortages are a product of the UK’s economic model
Rising prices and lack of goods are what happens when just-in-time economy collides with skin-of-the-pants government It all seems to have happened so fast. Only a few months ago, the government was congratulating itself for the speed at which Britain …
Sunak threatened by new winter of discontent after UK recovery fizzles out
The chancellor will address the Conservative party conference in Manchester against the background of a faltering economyRising prices, queues at the petrol pumps and a flatlining economy provide a sobering backdrop to Rishi Sunak’s speech at the Conse…
Fears for 1 million furloughed staff with Sunak set to finally end scheme
After the success of the chancellors’s £70bn programme, there is uncertainty about the future direction of the economyThe biggest state intervention in the UK’s labour market in peacetime comes to an end this week when the government finally winds up i…
Can Boris Johnson expect UK-US trade deal to go ahead?
His closeness to Trump has not helped and if agreement were struck by 2024 it would be considered rapid progressThree reasons. First, Britain exports more to the US than to any other country. When added together, the countries of the European Union cou…
Britain faces a triple crunch – and the political cost for the Tories could be huge | Larry Elliott
The combined challenges of an economic slowdown, rising energy costs and the transition to net zero loom over this governmentLong before there was talk of an energy crisis, the government had been looking vulnerable. Economic growth is slowing and infl…
The west must engage with the Taliban and provide financial support
The gains of the past 20 years in Afghanistan will be lost unless we keep funding social infrastructureAfghanistan is on the brink of economic meltdown. Millions of people are going hungry. Teachers and doctors are going unpaid. The social infrastructu…
So what’s so wrong with labour shortages driving up low wages? | Larry Elliott
For those who are part of Britain’s casualised workforce Brexit isn’t flawed – quite the oppositeThe number of job vacancies has topped the 1m level for the first time. Firms are screaming out for staff. Labour shortages abound. Wage growth is accelera…