The Guardian: Economics

RBS posts its first profit in 10 years

RBS posts its first profit in 10 years

Boss of taxpayer-owned bank hails profit as ‘symbolic moment’ despite looming litigationRoyal Bank of Scotland has posted its first annual profit in a decade, but admitted it is braced for a
RBS shares drop 4% on fears of heavy US fines - as it happened

RBS shares drop 4% on fears of heavy US fines - as it happened

Royal Bank of Scotland is back in the black, but litigation problems remainPerismmon bosses cut share awards after controversyBritish Airways owner IAG shares fall but Pearson gains groundEurozone
'You don't raise interest rates when unemployment rises' –  experts debate Brexit watch data

'You don't raise interest rates when unemployment rises' – experts debate Brexit watch data

Two former members of Bank of England’s interest rate-setting committee discuss the outlook consumers are squeezed by inflation• The economy is starting to deteriorate • February verdict in charts
The Brexit economy: things are starting to deteriorate

The Brexit economy: things are starting to deteriorate

Cracks are starting to appear in UK economic resilience, with unemployment rising and growth slowing •Experts debate Brexit watch dataThe British economy is showing signs of deteriorating just as the
How has the Brexit vote affected the economy? February verdict

How has the Brexit vote affected the economy? February verdict

Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK• The economy is starting to deteriorate • Experts debate Brexit watch data
UK economic growth slows to weakest rate in five years

UK economic growth slows to weakest rate in five years

G7 rivals outpace UK as consumers rein in spending amid Brexit-fuelled price inflationBritain’s economy grew at a slower rate than first thought in the final three months of 2017, leaving the UK
A modest proposal for solving the air pollution crisis: a worker smog bonus

A modest proposal for solving the air pollution crisis: a worker smog bonus

The amount of the smog allowance should vary according to the city’s air quality – compensating workers and their families for living in a polluted environment while incentivising municipalities to
EU27 rule out UK's preferred approach to future trade deal

EU27 rule out UK's preferred approach to future trade deal

‘Three basket approach’ would breach agreement to prevent cherry-picking, says BrusselsThe EU has ruled out the UK government’s preferred approach to a future trade deal, describing it as a risk to
British Gas owner to cut 4,000 jobs blaming price cap and competition

British Gas owner to cut 4,000 jobs blaming price cap and competition

Centrica profit falls nearly 20% as it expands cost-cutting drive to save extra £500m a yearCentrica, the owner of British Gas, will shed a further 4,000 jobs by 2020 as part of a cost-cutting
UK economy lags behind G7 rivals as growth revised down - as it happened

UK economy lags behind G7 rivals as growth revised down - as it happened

UK growth during 2017 has been revised down to 1.7%.UK lagging behind major rivals in 2017BREAKING: UK growth in Q4 revised down to 0.4%Business investment was stagnant. Household spending
MPs launch inquiry into digital currencies amid cybercrime fears

MPs launch inquiry into digital currencies amid cybercrime fears

Scrutiny is needed to examine risks for investors, says Treasury committee chair Nicky MorganA powerful committee of MPs is launching an inquiry into bitcoin and other digital currencies over fears
The IMF doesn’t share the government’s heroic growth prediction | Greg Jericho

The IMF doesn’t share the government’s heroic growth prediction | Greg Jericho

While employment prospects are good, wages and other areas of the economy aren’t expected to grow at the rate the treasury hopesThe latest review of Australia’s economy by the International Monetary
Bank of England governor says Brexit has made us poorer - as it happened

Bank of England governor says Brexit has made us poorer - as it happened

Mark Carney has told MPs that household incomes will be 5% lower because of Brexit, as he clashes with his own chief economist about the merits of devaluationLATEST: Carney says Brexit hurt growth and
UK unemployment rises at fastest rate in almost five years

UK unemployment rises at fastest rate in almost five years

Official figures reveal 1.47 million out of work as young people struggle to find jobsThe prospect of an interest rate rise before the summer has receded after the number of people out of work in
Important words about Brexit | Letters

Important words about Brexit | Letters

Christopher Rainger thinks Keir Starmer should say ‘No Brexit’ is the best ‘Jobs Brexit’. But John Doherty recalls David Cameron’s pledge that the referendum would be final. And Peter McKenna says
UK millennials second worst-hit financially in developed world, says study

UK millennials second worst-hit financially in developed world, says study

Resolution Foundation says young Britons have suffered biggest reversal in fortunes save for young GreeksBritain’s millennial generation, born since 1981, have suffered a bigger reversal in financial
Talk is cheap: the myth of the focus group – podcast

Talk is cheap: the myth of the focus group – podcast

Focus groups make us feel our views matter – but no one with power cares what we thinkRead the text version hereSubscribe via Audioboom, iTunes, Soundcloud, Mixcloud, Acast & Sticher and join the
As cuts funnel culture into the hands of the few, museums are our saviour  | Alice O’Keeffe

As cuts funnel culture into the hands of the few, museums are our saviour | Alice O’Keeffe

These radical places across the UK that encourage the spirit of inquiry are in danger of being taken for granted and need protectingLast Sunday afternoon was the classic start to February half-term:
Average price of newly marketed home rises above £300,000 again

Average price of newly marketed home rises above £300,000 again

Rightmove reports busiest ever month and optimistic pricing but property is taking longer to sell The average price of a UK property coming on to the market has risen by more than £2,400 in a month to
Change taxation to build a better society | Letters

Change taxation to build a better society | Letters

Readers including Caroline Lucas and Ruth Lister respond to Guardian articles by Owen Jones and Gaby HinsliffOwen Jones’s discussion of tax seeks to put forward a “radical” agenda but is actually