Larry Elliott

A strategy of raising taxes, spending and borrowing all at the same time to fund investment has risks, but it has a logic too

All budgets matter, but some matter more than most. In the 100 years since Sir Winston Churchill used his debut as chancellor in 1925 to put Britain

British Retail Consortium says prices falling at fastest rate in three years and are 0.8% lower than a year ago

Larry Elliott Economics editor 2 min read Demand for new home loans has risen to its highest level in more than two years as falling interest rates attract buyers back into the property market.

Having announced minimum wage boost, chancellor to say she can spare working people from tax rises

The days of tax and spend are supposed to be over, but clearly no one told Rachel Reeves. The chancellor's debut budget – with its sharp increases in spending, taxes and borrowing – was a budget from yesteryear.

Rachel Reeves used her budget debut to announce a massive package of tax, spending and borrowing increases as she gambled on voters rewarding the government for patching up Britain's crumbling public services.

Unless the chancellor’s capital spending increases stimulate private investment, expect more tax rises ahead

With only four days to go until Tuesday’s presidential election, the poor jobs figures could not have come at a worse time for Kamala Harris. To be sure, there were special factors that explained why the world’s biggest economy added only 12,000 new jobs in October. Last month two severe hurricanes – Helene and Milton – hit the US. The temporary lay-offs caused by the disruption led to an estimated 20,000 to 50,000 drop in payrolled employees. Manufacturing employment fell by 46,000 – with most of the drop the result of a strike at the aerospace giant Boeing.

West’s dominance is being challenged, with Brics summit showing emerging markets are unwilling to bow to pressure