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US economy meltdown as job market slumps by 42k and Trump's tariffs kick in

The latest US job market figures have rung alarm bells as the consequences of Donald Trump's erratic trade tariffs begin to bite. In a report published on Friday by the country's Labor Department, US...

Confusion and anger in Switzerland - hit by highest tariffs in Europe

Confusion and anger in Switzerland - hit by highest tariffs in Europe27 minutes agoImogen FoulkesGeneva correspondent, BBC NewsGetty Images39%? For Switzerland, this is a huge shock, and worse than...

Rachel Reeves dealt massive blow as new poll spells doom for UK economy

A bombshell poll has revealed British executives are gloomier than at any point since 2016 over the prospects for the UK economy. In a stunning blow to Chancellor Rachel Reeves, the poll by the...

Trump's global tariffs 'victory' may well come at a high price

Trump's global tariffs 'victory' may well come at a high price59 minutes agoAnthony ZurcherNorth America correspondent•@awzurcherDharshini DavidDeputy economics editor•@DharshiniDavidBBCIn April...

Turkey makes major change that's great news for British tourists

With holidays in Europe seemingly getting more and more expensive for sun-seeking Brits, last-minute holidaymakers will be delighted to hear that one iconic destination has made a major economic...

Irish government reveals how Apple tax windfall will be spent

Irish government reveals how Apple tax windfall will be spent21 hours agoJohn CampbellBBC News NI Economics & Business EditorGetty ImagesThe Irish government has provided more details of how it...

Rachel Reeves says it is 'right' to consider state pension age change in new update

It comes as Ms Reeves is facing further pressure over the UK’s public finances after official figures showed higher-than-expected government borrowing last month due to soaring debt interest...

Rachel Reeves warned to avoid ‘harmful’ move that could ‘define’ her

Rachel Reeves is thought to want to sell off a hoard of seized cryptocurrency, which is estimated to be worth around £5billion, to fill in a hole created by the Government's U-turn on welfare reform...

UK inflation rises by more than expected to 3.6%

UK inflation hits highest for almost a year and a half58 minutes agoLucy Hooker and Connie BowkerBusiness reporter, BBC NewsGetty ImagesPrices rose by more than expected to 3.6% in the year to June,...

Mauritius gets Chagos Islands - and beats UK in financial freedom rankings

Britain is languishing in 21st place in new “financial freedom” rankings while Mauritius – which will reap billions in benefits as a result of the deal which sees it regain sovereignty of the...

UK economy shrank unexpectedly in May

UK economy shrank unexpectedly in May13 minutes agoGetty ImagesThe UK economy shrank unexpectedly in May, according to latest official figures.The economy shrank by 0.1%, the Office for National...

Rachel Reeves may target millions with punishing income tax hikes to plug £40bn hole

Rachel Reeves may target millions of middle-income earners with punishing income tax hikes as she is forced to clear up Labour’s welfare mess. The under-pressure Chancellor could also have VAT and...

Currys boss' chilling warning to Reeves: 'think very carefully' before you make it 'worse'

The boss of Currys has warned Chancellor Rachel Reeves that further tax hikes will hurt growth and jobs as retailers are still reeling from her last Budget.Chief executive Alex Baldock urged the...

Five unthinkable taxes Rachel Reeves may hike to plug Labour’s black hole

Labour’s disability benefits U-turn has blown a £3billion hole in her plans, possibly more. That’s on top of the £1.5billion cost of reinstating winter fuel payments. PM Keir Starmer has...

Rachel Reeves 'must raise tax' in months after two Keir Starmer U-turns

Chancellor Rachel Reeves is likely to have to raise taxes to pay for Labour's U-turns on welfare and winter fuel payments, a leading economist has warned. The Resolution Foundation estimated that Sir...