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Economics News and Commentary |
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News: BBC News: Economy
Fed has 'work to do' if price rises don't ease for Americans, Warsh says
Kevin Warsh remarks suggest interest rates could be increased if policymakers think inflation is running too high.
Jersey earnings rise by 1.2% after inflation
Statistics Jersey says the increase is "slightly lower" than the long-term annual average.
Burnham refuses to rule out tax rises in autumn Budget
Experts have warned that he and Chancellor John Healey will have little room to manoeuvre in their first Budget.
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
Economic adviser O'Neill rules out government job but backs PM's devolution plans
Lord O'Neill, former chief economist at Goldman Sachs, was tipped to become Andy Burnham's chief economic adviser.
Watch: How does the US national debt affect consumers around the world?
The debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
US borrowing costs rise as attempts to ease rates prove short-lived
Economists said there were ongoing concerns over the level of borrowing as national debt passed $40tn.
Why the US economy is ringing alarm bells
The US hit a debt milestone this week, but just how worried should we be about the world's largest economy?
Radical
Has Great Britain underestimated its own power and influence in the world?
Jump in energy bills drives UK inflation to highest rate for four months
A 2.9% rise in inflation had been widely expected by economists, with Chancellor John Healey saying the Iran war “continues to impact prices here at home”.
Inflation is heating up but don't expect another crisis
Rising living costs could heap pressure on PM Andy Burnham though it depends what happens in the coming months.
What's happening to UK interest rates and what does it mean for mortgages?
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
What is happening to UK prices?
UK inflation dropped slightly in June 2026, but higher energy costs are expected to push it back up.
Global borrowing costs hit fresh highs over oil, AI and inflation concerns
Interest rates on long-term US, UK, German and Japanese government debt have soared.
Job vacancies at five-year low as smaller firms scale back recruitment
Small firms cite labour and operating costs as reasons for scaling back hiring, the UK's statistics body says.
Business Daily
How are heatwaves and climate change reshaping the global economy?
UK economy grows but experts warn of challenging months ahead
Hot weather and the men's football World Cup boosted the economy but the Iran war may weigh on growth
Burnham warned Iran war could hit UK growth next year
The conflict in the Middle East has pushed up oil and fuel prices, and also disrupted supply chains.
Surprise fall in US jobs last month as slow summer continues
Analysts had expected an uptick in the number of jobs created, but the number of roles fell by 23,000 in July.
Bank holds interest rates but says it is ready to raise them if Iran war escalates
The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.
US economic growth sees surprise slowdown in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
'No magic wand' to tackle high prices, Fed boss says as US interest rates held
The Federal Reserve's decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.
What happens here has a big impact on your money
BBC business reporter Dearbail Jordan explains how it works from inside the Bank of England.
Would you choose £50,000 over the chance of £1m?
The vast majority of people - particularly women - answer a survey saying they'd take the certainty over chance.
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