Economics newsletter

Kate Andrews guides you through the week’s biggest stories across news, business, money, property, stocks and shares, and, of course, the economy.

Will Labour raise taxes?

What is Labour’s tax-and-spend agenda? This is an outstanding question the party needs to answer before polling day – and Labour seems to know it. That is presumably why shadow chancellor Rachel Reeves sat in the BBC One hot seat on the first Sunday of the election campaign. ‘I totally agree I have to show

Kate Andrews

How net zero will divide Labour and the Tories

This morning, Ofgem announced another reduction in the energy price cap from July. The new cap on the unit price of energy should see costs fall by another 7 per cent, taking £122 off the average household bill. And it didn’t take long for both the Tories and Labour to try to swing the news

Ross Clark

Why is UK retail doing badly?

This morning’s retail sales figures are not what Rishi Sunak will have hoped for as he pitches his case for re-election on economic recovery. They are yet more indication that Britain has fallen out of love with shopping. Sales volumes were 2.3 per cent down in April compared with the previous month, while the March

Matthew Lynn

Will Nvidia stock keep going up?

It more than doubled its sales. It unveiled a new line of microchips. It promised to keep rolling out new products for the next few years. In the end, Nvidia, the chip manufacturer, delivered the kind of blockbuster results that traders and investors had been waiting for. Yesterday’s ‘Nvidia Day’ (as the company’s quarterly results

The trouble with Labour’s new towns plan

Since last October, when Keir Starmer declared that he was a ‘Yimby’ – a ‘yes in my back yard’ – Labour has tried to position itself as the pro-housing party. We are now finally getting a glimpse of what this might look like in practice.   Deputy leader Angela Rayner has promised a revitalisation of the

Ross Clark

Hunt’s tax attack on Labour is sure to backfire

It should come as no surprise that Jeremy Hunt has signalled in a speech this morning that  he will try to make taxation a central theme of the coming election campaign. The tactic has certainly worked in the past. In 1992, fears that Neil Kinnock and his shadow chancellor John Smith would jack up taxes

Michael Simmons

Brits won’t stop getting pay rises

Are interest rates still heading ‘downwards’ as the Bank of England Governor Andrew Bailey said last week? Homeowners across the country will be hoping so as average two-year mortgages are again approaching 6 per cent. But the latest figures on the UK job market may dampen hopes of a cut coming soon. Britons have continued