Global heating of 2C would cause billions in damage each year by 2050, according to risk assessmentThe climate crisis will wipe at least 1% a year off the UK’s economy by 2045 if global temperatures are allowed to rise by 2C, the government has said.Mo…
US inflation jumped 7% in December as prices rise at rates unseen in decades
December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal ReserveThe price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the …
Extreme weather could be as expensive as investing in cutting carbon ASAP
Overshoot climate targets, even briefly, and the costs of extreme weather go up.
What the UK and hauliers can expect from long-delayed Brexit controls
From 1 January checks and paperwork will finally begin and EU exporters face a rude awakening• ‘It won’t be easy’: the European exporters battling Brexit bureaucracyEU exporters of cheese, car parts and other goods are facing a mountain of red tape to …
Ikea hoists its prices and blames Covid supply pressures
Post-Christmas price rises of as much as 50% attributed to cost increases across supply chainIkea has increased the price of its flat-pack furniture by up to 50%, blaming supply chain costs caused by Covid-19, in a move that will further stoke growing …
Staying below 2° C warming costs less than overshooting and correcting
Most current policies assume we’ll need carbon capture, but there’s a big cost.
FTSE 100 hits pandemic high before Santa rally fades – business live
Rolling coverage of the latest economic and financial newsFTSE 100 hits 22-month highThe FTSE 100 is close to its highest level since February 2020Travel and hospitality stocks up, after data suggests Omicron less severeGuardian business Christmas quiz…
Essential workers thousand of pounds worse off than a decade ago, TUC says
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…
UK government borrowing surges again as Covid cases soar
Figure of £17.4bn for November is down on last year but more than forecast by economistsThe UK government borrowed £17.4bn in November, outstripping economists’ predictions and suggesting debt could far overshoot officials’ forecasts if the Omicron cor…
Why are women ‘failing’ to reproduce? Maybe it’s time to ask them | Rhiannon Lucy Cosslett
Economic panic about the birthrate is drowning out the voices of those who matter most in this debateThe birthrate is declining across the west. It has been doing so for some time, but the recent drop appears to have been exacerbated by the pandemic. I…