Empty shelves and shortages caused higher spending in November according to retailersShoppers face the biggest price rises in over 30 years this Christmas after fears of widespread shortages sent people rushing to the shops this month.According to a su…
Why September’s dip in UK inflation may be a false dawn
Analysis: Covid support schemes have distorted official data and experts fear inflation will resume its ascentUK inflation falls despite supply crisis and rising petrol pricesCoronavirus – latest updatesJust when everyone was preparing for a stratosphe…
Does the UK have a wage problem?
Business leaders have hit back at Boris Johnson over claims they allowed Britain to become a low-wage and low-skilled economyBritain’s businesses stand accused of allowing the UK to become a low-wage, low-skilled and low-productivity economy bedevilled…
IMF boss Kristalina Georgieva ‘faces coup plot’
Renowned economist Joseph Stiglitz says chief is victim of conservative ‘hatchet job’ using unfair report to discredit herThe International Monetary Fund boss, Kristalina Georgieva, is the victim of a plot to oust her, according to a Nobel prize-winnin…
Taxing the lower-paid could stop the economic recovery in its tracks
With a slew of bigger household bills approaching, Sunak is hampering growth and the green transition by being hawkishThere are plenty of nasty bills looming for the average British household that could persuade many to keep their savings firmly on dep…
Rishi Sunak confirms autumn budget to take place on 27 October
Ministers lobby chancellor for their departments before announcement of £140bn in extra spendingRishi Sunak has given the date of 27 October for his autumn budget, announcing plans to support public services and revive the economy with £140bn of extra …
Xi Jinping’s drive for economic equality comes at a delicate moment for China
President wants to spread ‘common prosperity’ but Covid and material shortages could spell troubleFor decades the aim in China has been the pursuit of growth, building the world’s second-largest economy from a relative backwater on the international st…
The real challenges for Rishi Sunak lie ahead despite drop in public borrowing
Analysis: sense of foreboding will gnaw away at chancellor’s Treasury team as October spending review loomsCoronavirus – latest updatesSee all our coronavirus coverageThere is good news for Rishi Sunak in the latest public borrowing figures. But there …
Chinese president vows to ‘adjust excessive incomes’ of super rich
Chinese Communist party to crack down on almost weekly creation of billionaire company bossesChina’s president has vowed to “adjust excessive incomes” in a warning to the country’s super-rich that the state plans to redistribute wealth to tackle wideni…
Sorry, kids: house prices aren’t going to stop going through the roof
HSBC analysis gives a good half-dozen reasons why buying a house will not get easier for years – which is very bad news for most British youngstersAnyone hoping for a property crash is going to be sorely disappointed. The main element of Rishi Sunak’s …