Rachel Reeves is facing a £1.3bn “triple lock” headache as spiking inflation pushes up the cost of the state pension.

The Government’s £22 billion backing of “unproven” technology to capture and store carbon emissions is high risk, MPs have ...

And the Daily Mail hails the news as a “new era of stagflation” for Britain. The i paper writes Ms Reeves may have to raise ...

The Times also says the Bank's alert is a setback for Reeves as it says there was a warning of a new squeeze on living standards. The Bank cut interest rates to 4.5% as it attempts to stimulate the ...

A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...

Labour, which campaigned on a pledge to promote growth, has created a new era of 'stagflation' - a devastating combination of a flatlining economy and surging prices.

THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.

Abby Thomas has stepped down as head of the Financial Ombudsman Service The head of a leading consumer watchdog has been ...

The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...

Work and Pensions Secretary Liz Kendall told ITV News' Anushka Asthana the number of people saying they can't work when they ...

Abby Thomas, the chief executive and chief ombudsman of Britain's Financial Ombudsman Service, is stepping down after more than two years. The announcement comes amid increased pressure from finance ...