The Guardian view on the global economy: opportunities wasted | Editorial

The G7 summit in Biarritz this weekend will fail to rise to any of its urgent challengesRarely has there been more need of collective action on the world’s problems than at the G7 summit hosted by Emmanuel Macron in Biarritz this weekend. Rarely have t…

Read more

Industrial exports are the engine of developed economies. Ours has stalled

Brexit-related recession looks ever more likely, and with their poor investment levels, UK firms are worse-placed than many to withstand the shockDowning Street must add the likelihood of a UK recession to its list of possible scenarios after official …

Read more

Government to fast-track spending review to deliver PM’s pledges

One-year budget allocation will be expedited to meet promises, likely funded by borrowing riseThe government will rush through a one-year spending review next month in order to honour pledges on police numbers, schools and the NHS.The chancellor, Sajid…

Read more

Bank of England warns of 1 in 3 chance of Brexit recession

Committee votes 9-0 to keep interest rates at 0.75% as uncertainty drags down the UK economyBritain has a one in three chance of plunging into recession as uncertainty over Brexit drags down the economy, the Bank of England has warned.Keeping interest …

Read more

British consumer keeps UK plc afloat as key sectors start to sink

As a no-deal Brexit looms sterling is starting a steep slide and growth is stallingExperts debate the dataHow the Brexit vote affected UK economy – July verdictThe British consumer is holding up the country’s economic performance but key sectors are sh…

Read more