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The Latest Breaking News from Ruth Gregory

Slowdown in wage growth ‘clears path for more interest rate cuts’ this year

Persistent inflation remains a worry for the Bank of England, but new wages data could ease concerns

The Independent UK

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plans

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Guardian - UK

What can Jeremy Hunt do with his £13bn headroom in the autumn statement?

Chancellor could try to win votes with a tax giveaway, but seems unlikely to improve the polls or the economy

The Guardian - UK

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK

Jeremy Hunt plays down tax cut plans despite lower borrowing than expected

Chancellor says government must not alter course as interest rate rises add to cost of debt

The Guardian - UK

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UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

The Guardian - UK

Why is the UK’s inflation rate still higher than other wealthy countries?

The UK’s 8.7% CPI figure in March compares with 6.1% in the eurozone and 4% in the US

Evening Standard

UK government borrowing hits record in February amid energy bills support

Deficit increases despite higher tax receipts and lower interest payments

The Guardian - UK

International Women's Day 2023: Six inspiring and trailblazing women from the North East

The inspirational and trailblazing women have shared their views on equity and equality

Chronicle Live

Energy support sends UK government borrowing to December record

Spending exceeds receipts by £27.4bn, as higher interest payments also contribute to deficit

The Guardian - UK

Businesses call on Rishi Sunak to ‘end uncertainty’ amid market rally as he is crowned PM

Former chancellor will have to ‘work hard to restore credibility’, economists warn

The Independent UK

‘If there are death threats, don’t tell me’ – how Rock Against Racism fought fascism

In the 1970s, the National Front were on the march. So Britain’s music fans and artists united. As a new show celebrates RAR’s achievements, we examine its impact, its legacy – and its thrilling, shambolic climactic concert

The Guardian - UK

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The Independent UK

Fears over UK high streets as energy bill hikes to force hundreds of thousands of businesses to close

Firms facing closure as gas and electricity costs multiply rapidly, industry leaders warn

The Independent UK

High streets feel heat of cost-of-living crisis as footfall plunges 20% below pre-Covid level

Shopper numbers remain well below rates seen before pandemic as inflation soars

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