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Almost half a million workers are to receive a pay boost after it was announced that the real living wage paid voluntarily by 16,000 UK companies will rise to £13.45 an hour. Distinct from the national living wage, which is a statutory minimum, the real living wage is calculated each year based on the cost … Read more
Has UK inflation peaked? The latest official figures showing price growth in the UK stayed at 3.8% in September seem to suggest so. The statement cannot be made with absolute certainty yet but many economists reacted to the latest consumer prices index (CPI) data with a message that the only direction for inflation over the … Read more
Key events Show key events only Please turn on JavaScript to use this feature Closing summary Our top story: UK inflation was unchanged last month at 3.8%, confounding expectations of a rise, in welcome news for the chancellor, Rachel Reeves, as she plans for her crucial budget next month. The Office for National Statistics (ONS) … Read more
UK inflation was unchanged last month at 3.8%, confounding expectations of a rise, in welcome news for the chancellor, Rachel Reeves, as she plans for her crucial budget next month. The Office for National Statistics said that inflation measured on the consumer prices index remained at the same level in September as in August and … Read more
The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. Employment growth is stuck and wage growth is slowing, especially among low-paying jobs. Loan … Read more
UK manufacturers see weakest outlook for orders since 2020 British manufacturers see the weakest prospects for orders over the next three months since 2020, new data from the Confederation of British Industry shows. The CBI’s latest healthcheck on manufacturing has found that business sentiment deteriorated this month, with goods producers expecting the total volume of … Read more
Lawyers, accountants and doctors could be hit in the budget if Rachel Reeves ends an exemption on employer national insurance contributions for partnerships. The chancellor has repeatedly warned that those with the “broadest shoulders” should pay their fair share of tax, and insiders say she is planning a raid on limited liability partnerships (LLPs) on … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Turkish court has thrown out a case that sought to remove the head of the nation’s biggest opposition party, triggering a stock market rally. Turkey’s main Borsa Istanbul index rose more than 4 per … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France’s Socialist party leader has threatened to bring down Prime Minister Sébastien Lecornu’s fragile minority government by Monday if he does not agree to levy higher taxes on the country’s wealthiest, as discussions on the … Read more
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation rose less than expected to 3 per cent in September, paving the way for the Federal Reserve to continue cutting interest rates when it meets next week. Friday’s annual consumer price index figure … Read more