The Guardian: Economics

For and against students getting the crops in | Letters

Readers respond to an earlier letter suggesting that students should replace migrant farm workers after BrexitIn the agricultural sector there is a shortfall of 4,300 jobs with a tiny proportion of

How language duped us into austerity | Zoe Williams

The same misleading metaphors are used again and again to talk about economic policy. We need a new frameWhat do people think the economy is? How do they think it works? How do you think it works, if
UK high street sales stagnant amid January retail gloom

UK high street sales stagnant amid January retail gloom

Consumer spending squeeze blamed for 0.1% rise with only gym kit and toys increasingJanuary was a tough month for high street retailers as sales rose just 0.1%, far below City expectations, as higher
UK retail sales much lower than expected in January - as it happened

UK retail sales much lower than expected in January - as it happened

January high street performance fails to pick up after disappointing December 3.01pm GMT Despite hopes of a pick-up in high street spending after a poor December, UK retail sales came in weaker than
Home ownership among young adults has 'collapsed', study finds

Home ownership among young adults has 'collapsed', study finds

Chances of owning home in UK have more than halved in 20 years, Institute for Fiscal Studies saysThe chances of a young adult on a middle income owning a home in the UK have more than halved in the
Markets shrug off US inflation worries to make fresh gains

Markets shrug off US inflation worries to make fresh gains

Last week’s steep drop in equity prices is fading memory despite predictions of US interest rate hikesNew evidence of mounting US inflation has failed to derail the recovery from last week’s plunge in
Liam Fox: there’s no ‘secrecy’ on UK trade deals | Letters

Liam Fox: there’s no ‘secrecy’ on UK trade deals | Letters

The international trade secretary says the government is committed to developing future trade policy in a transparent way, while Mike Watkins asks why the media gave Boris Johnson’s Brexit speech so
For South Africa's new president the only way is up | Larry Elliott

For South Africa's new president the only way is up | Larry Elliott

Jacob Zuma scandals dragged down the economy. Now Cyril Ramaphosa has the chance to unleash a regional superpowerTiming matters a lot in determining political success. Gordon Brown could hardly have
Only the EU can break Facebook and Google's dominance | George Soros

Only the EU can break Facebook and Google's dominance | George Soros

Social media giants have left the US government impotent – Europe must lead the way The current moment in world history is a painful one. Open societies are in crisis, and forms of dictatorships and
Stock markets rise as investors shrug off inflation worries - as it happened

Stock markets rise as investors shrug off inflation worries - as it happened

All the day’s economic and financial news, as shares recover from last week’s routLatest: US producer prices riseLunchtime: European markets in the greenPound at two-week high, but would Rees-Mogg
The story of Mr Sudhir: how to survive in Delhi's 'grey market'

The story of Mr Sudhir: how to survive in Delhi's 'grey market'

When sociologist Richard Sennett was fleeced by an iPhone dealer in Delhi, the pair struck up a friendship that opened a window into the informality of modern citiesIn the south-east of Delhi, a vast
Wall Street picks up after early morning losses

Wall Street picks up after early morning losses

The Dow moves up 100 points, shrugging off fears of imminent interest rate riseWall Street shrugged off signs of building US inflation despite lingering fears that a rapid increase in prices would
The Alternatives: how a Liverpool suburb upended its housing market – podcast

The Alternatives: how a Liverpool suburb upended its housing market – podcast

Aditya Chakrabortty hears from Hazel Tilley, a long-time resident of the Liverpool neighbourhood of Granby and now chair of its community land trust. She explains how after decades of neglect from
Wobble on Wall Street but what are the underlying pressures?

Wobble on Wall Street but what are the underlying pressures?

After last week’s shares plunge, anxious bankers are watching out for the Fed’s interest rate rises and lower corporate profitsGet ready for phase two of Wall Street’s wobble. That was the fearful
Goldman Sachs boss on Trump tax plan: 'Odds of a bad outcome have gone up'

Goldman Sachs boss on Trump tax plan: 'Odds of a bad outcome have gone up'

Lloyd Blankfein warns that Donald Trump’s $1.5tn tax cut plan could over-stimulate an already healthy economy The Goldman Sachs boss, Lloyd Blankfein, has added his voice to the chorus warning that
UK wages soon to catch up with inflation, Bank of England survey finds

UK wages soon to catch up with inflation, Bank of England survey finds

Report indicates wages will rise above inflation in all sectors except Brexit-hit constructionBritish workers are set for the biggest annual pay rise in a decade, according to forecasts from the Bank
Markets nervous again as US inflation unexpectedly spikes higher - as it happened

Markets nervous again as US inflation unexpectedly spikes higher - as it happened

Busy day for economic news sees key US inflation figures, IMF on the UK and eurozone growth dataBusiness Today: sign up for a morning shot of financial news 3.00pm GMT After a calm start to the day in
People face surge in household debts in next five years – study

People face surge in household debts in next five years – study

Mounting mortgage and other domestic costs will hit families hard if interest rates riseBritons will spend almost a third more on their mortgages and other household debts over the next five years,
UK inflation sticks at 3%, as cost of living squeeze continues - as it happened

UK inflation sticks at 3%, as cost of living squeeze continues - as it happened

All the day’s economic and financial news, as Britain’s UK consumer prices index remains close to a six-year highLatest: Inflation higher than expected in JanuaryPwC: Real wages squeeze will
UK households under pressure as inflation sticks at 3%

UK households under pressure as inflation sticks at 3%

Expectations dashed that rate would fall as effects of Brexit vote on pound fadeBritish households remained under significant pressure last month from rising prices as the rate of inflation stayed at