The Guardian: Economics

A quick UK-US post-Brexit trade deal?Looking at Nafta, that seems unlikely | Randall Mark Wigle

A quick UK-US post-Brexit trade deal?Looking at Nafta, that seems unlikely | Randall Mark Wigle

Trump has promised a deal ‘very, very quickly’. If talks proceed as slowly as they are for a revised US agreement with Canada and Mexico, that won’t happenBeing a Canadian sabbatical visitor in the
UK consumer confidence hits lowest level since Brexit vote, but German business confidence soars - business live

UK consumer confidence hits lowest level since Brexit vote, but German business confidence soars - business live

The Bank of England’s interest rate rise has made Britons gloomier about economic prospectsSurvey: UK consumer confidence has fallen sharply Details: Britons are more worried about house prices,
Black Friday frenzy: stop the spending | Alexandra Spring

Black Friday frenzy: stop the spending | Alexandra Spring

This year, Australia is joining in on the most overtly avaricious retail event. And it’s sickeningOn Tuesday night I was chatting to the founder of a newly launched US footwear brand, who was eagerly
Age of austerity isn't over yet, says IFS budget analysis

Age of austerity isn't over yet, says IFS budget analysis

Mainly grim news from thinktank, painting a picture of doom and gloom including predictions of a £35bn deficit in 2019-20Seven years after George Osborne ushered in a tough new age of spending cuts
Budget decisions that are urgent matters of life and death | Letters

Budget decisions that are urgent matters of life and death | Letters

Professor Wendy Burn on fears that promises of spending on mental health services will be broken; Colin Dyer of WellChild on the failure to prioritise the wellbeing of the young; Rev Paul Nicolson on
Number crushing: economists give Hammond's budget the big thumbs down | John Crace

Number crushing: economists give Hammond's budget the big thumbs down | John Crace

In a dark room in central London, the Institute for Fiscal Studies pores over the figures behind Wednesday’s budget and finds little actually thereCall it the revenge of the geeks. On every other day
Budget 2017: austerity continues – Politics Weekly podcast

Budget 2017: austerity continues – Politics Weekly podcast

Heather Stewart is joined by Larry Elliott, Sonia Sodha and Robert Colvile to discuss the second budget of the year. Plus we hear from Robert Chote – the man responsible for the drastic downward
UK faces two decades of no earnings growth and more austerity, says IFS

UK faces two decades of no earnings growth and more austerity, says IFS

Thinktank’s budget analysis says forecasts for lower productivity, earnings and growth until 2022 were ‘pretty grim reading’Britain’s leading financial thinktank has warned workers to expect an
High street sales bounce back after sharp fall last month

High street sales bounce back after sharp fall last month

CBI survey of retailers comes before Black Friday discounting period, which is likely to drive sales furtherHigh street sales are staging a recovery after a sharp slowdown last month, overcoming the
Don’t be fooled by the ‘economicky’ words: this budget is all politics | Victoria Waldersee

Don’t be fooled by the ‘economicky’ words: this budget is all politics | Victoria Waldersee

The dominant school of economics has long marketed itself as value-free. But the chancellor should be honest about the ideological nature of his decisionsYou’d think that a leading figure giving their
Labour's extra borrowing would pay for itself, says McDonnell

Labour's extra borrowing would pay for itself, says McDonnell

Shadow chancellor refuses to be pinned down on specific cost of servicing debt from party’s spending plans, accusing BBC presenter of ‘trite journalism’The shadow chancellor, John McDonnell, has
UK faces longest fall in living standards since records began, says thinktank

UK faces longest fall in living standards since records began, says thinktank

Resolution Foundation says cut in growth announced in budget means household disposable incomes will fall until 2020The UK is on course for the longest fall in living standards since records began in
UK business investment slows, but retail sales bounce back - business live

UK business investment slows, but retail sales bounce back - business live

Updated growth figures show British businesses reined in their spending over the summer - bad news for the productivity crisisLatest: Retail sales recoverUK business investment slowsUK growth
IFS says budget shows UK 'in danger of losing two decades of earnings growth' - as it happened

IFS says budget shows UK 'in danger of losing two decades of earnings growth' - as it happened

Rolling coverage of the day’s political developments as they happen, including reaction to the budget, Philip Hammond’s morning interviews and the Institute for Fiscal Studies’ post-budget
Hammond to borrow extra £90bn after lower productivity forecast

Hammond to borrow extra £90bn after lower productivity forecast

OBR warns chancellor faces long period of sluggish wages growth that will dent tax receipts and increase borrowingPhilip Hammond must borrow an extra £90bn over the next five years after the
Chancellor targets English regions with multibillion investment

Chancellor targets English regions with multibillion investment

Budget aims to tackle London-centric economy by announcing spending plans for areas including the north and MidlandsEnglish regions including the north and the Midlands will receive a
Budget focus on skills and technology aims to bolster UK productivity

Budget focus on skills and technology aims to bolster UK productivity

Chancellor’s measures to improve economic growth include training, tax relief and £2.5bn fund for innovatorsThe government’s latest attempt to tackle Britain’s poor productivity record focused on
Car production rises as exports make up for falling UK demand

Car production rises as exports make up for falling UK demand

Just over 157,000 cars produced in October, 3.5% more than same time last year, as exports rise by 5% and domestic demand falls 2.9%Car production increased last month as rising exports made up for
UK prospects for growth far weaker than first predicted, says OBR

UK prospects for growth far weaker than first predicted, says OBR

Forecaster now expects economy to grow by just 1.5% in 2017, rather than 2% originally suggested in March Britain’s growth prospects are far weaker than previously thought, according to the Office for
The Guardian view on budget 2017: a missed opportunity | Editorial

The Guardian view on budget 2017: a missed opportunity | Editorial

Philip Hammond has admitted that seven years of obsessing about the public sector deficit and shrinking the state has left the economy enfeebled and smaller than before the crisis. But he continues to