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…
The deception that is ‘levelling up’ | Letters
Boris Johnson’s slogan is so much hot air: ordinary, working people are still paying for the financial crash of 2008Isn’t it time to call out the complete deception that is being peddled as “levelling up”? (“You can’t level up by raising taxes on the p…
Analysis: six squeezes on the UK economy from bills to shopping to petrol
Britain is short of 100,000 lorry drivers, energy firms are sinking, food items are running scarce and employers are scrambling for staff as multiple crises eruptMany of the problems facing the economy relate to Britain’s shortage of 100,000 lorry driv…
OECD deal imposes global minimum corporate tax of 15%
Accord signed by 136 countries will enable them to raise tax on sales made by multinationals within their bordersAlmost 140 countries have taken a decisive step towards forcing the world’s biggest companies to pay a fair share of tax, with plans for a …
Smaller packs, same price: curse of ‘shrinkflation’ hits shoppers’ baskets
Food suppliers are cutting pack sizes and raising checkout prices in response to rising costsUK faces ‘grim winter’ as cost of living crisis quickens paceRising inflation ‘could trigger global sell-off that would harm UK’Shoppers should watch out for s…
UK faces ‘grim winter’ with households already paying £442 extra in bills
Analysts warn cost of living crisis is gathering pace amid fast rises in petrol, food and energy billsWatch out for hidden ‘shrinkflation’ price hikes, analysts warnRising inflation ‘could trigger global sell-off that would harm UK’Households face a “p…
‘Economically illiterate’: PM’s Tory conference speech gets frosty reception
Next boss, thinktanks and unions criticise Boris Johnson, saying ‘shortages cannot be blustered away’Business leaders rounded on Boris Johnson for lacking a coherent economic plan after he delivered a boosterish conference speech that made barely a men…
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…
UK petrol prices are closing in on all-time high, warns RAC
Cost per litre nears the record 142.48 set in April 2012, stoked by global demand outpacing supply rather than UK fuel shortagePetrol prices could reach all-time highs before Christmas, the RAC warned, signalling “misery” for motorists still reeling fr…
Two in three UK firms expect to raise prices in Christmas run-up, poll finds
BCC warning comes as Greggs flags price pressures amid surge in fuel and energy costsNearly two-thirds of UK manufacturers expect to raise their prices in the run-up to Christmas after being hit by mounting cost pressures, a leading employers’ group ha…