Markets brace for US inflation data and European Central Bank meeting – business live

Rolling coverage of the latest economic and financial news 7.40am BST Good morning, and welcome to our rolling coverage of the world economy, the...

UK lost £16bn in tax revenues over nine years under Conservatives, says Labour

Party shifts narrative to put focus on how ‘decade of Tory misspending’ has weakened economyThe UK lost £16.7bn in tax revenues over nine years...

Republicans threaten to sink Biden’s G7-backed plan to fix global tax system

G7 supports international minimum of at least 15%Republicans in Congress condemn proposal as ‘crazy’Joe Biden’s plans to overhaul the international tax system face mounting...

UK’s CMA launches action against BA and Ryanair over refunds; China inflation rises –...

UK regulator expresses concern that by failing to offer refunds for flights during lockdowns both firms ‘may have breached consumer law’ 7.42am BST Good...

US Senate approves $50bn boost for computer chip and AI technology to counter China

Legislation shows deeply divided parties are united on confronting China in the ‘race for technologies of the future’The US Senate has overwhelmingly approved a...

UK housing market is on fire, warns Bank of England chief economist

Continued rise stoked by low interest rates, tax breaks and demand from well-off households with more savings from Covid pandemicBritain’s housing market is “on...

Global economy set for fastest recovery for more than 80 years

Slow Covid-19 vaccine progress in low-income countries will widen divisions between rich and poor nationsCoronavirus – latest updatesSee all our coronavirus coverageThe global economy...

Does Joe Biden’s spending plan really risk high inflation?

We should expect price increases in the Covid recovery phase – and we have tools to cool the economySlight increases in the rate of...

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman...

Until full employment is reached, governments need not cut back on public spendingA decade ago the financial press, echoing predictions from mainstream macroeconomists, obsessed...

German factory output falls as supply chain problems deepen – business live

Rolling coverage of the latest economic and financial news 7.48am BST Good morning, and welcome to our rolling coverage of the world economy, the...

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