Economy news

• The Saudi relief valve is being closed

  14-09-2026 13:31 via ft.com
  The Houthis’ Red Sea blockage is still largely an oil shock rather than a general threat to trade
  
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• Trump calls for rates to be 1% or less after Fed tightens monetary policy

  16-09-2026 23:03 via ft.com
  President urges policymakers to act for the sake of the country as rate-setters lift borrowing costs for first time since 2023
  
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• Federal Reserve defies Trump with first rate rise since 2023

  16-09-2026 22:59 via ft.com
  Central bank signals willingness for further action as chair Kevin Warsh warns that ‘inflation is too high and has been for too long’
  
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• Healey prepares UK for ‘really challenging’ Budget

  16-09-2026 20:46 via ft.com
  Chancellor’s allies say wars in the Middle East and Ukraine are having a ‘significant impact on the economy’
  
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• Federal Reserve raises fed funds rate with likely more to come

  16-09-2026 20:35 via ft.com
  Its decision was accompanied by new inflation and interest rate forecasts showing that most policymakers expect one more tightening this year
  
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• Federal Reserve raises rates for first time since 2023 

  16-09-2026 20:01 via ft.com
  Central bank chair Kevin Warsh defies calls from Donald Trump to lower borrowing costs
  
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• Fed raises rates for first time since 2023 in unanimous decision

  16-09-2026 20:01 via ft.com
  Central bank chair Kevin Warsh defies calls from Donald Trump to lower borrowing costs
  
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• Britain’s unsustainable pensions lock

  16-09-2026 19:21 via ft.com
  It would be better to link state retirement benefits to earnings growth
  
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• The EU should not increase resilience at the expense of trusted partners

  16-09-2026 16:16 via ft.com
  Its Industrial Accelerator Act would threaten supply chain connections with the likes of Japan
  
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• Salary stand-off delays abolition of NHS quango

  16-09-2026 16:12 via ft.com
  Health service leaders are urging ministers to set up a temporary body to resolve deadlock
  
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• Live: Will the Bank of England keep interest rates at 3.75%?

  16-09-2026 15:56 via moneyweek.com
  
  SummaryThe Bank of England’s Monetary Policy Committee (MPC) will announce their latest interest rates decision tomorrow (17 September)Most experts believe the MPC will hold the base rate at 3.75%However, there is growing pressure within the MPC to hike rates as UK inflation acceleratesThe latest inflation data showed prices rose by 3.1% in the year to August 2026, up from 2.9% in July.When will interest rates fall further? | Is the UK heading for stagflation? | MPC meeting dates | UK infl
  
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• Chinese oil prices hit record highs after attacks on Saudi pipeline

  16-09-2026 15:24 via ft.com
  Beijing has cushioned global impact of Iran war by drawing down stocks but is now ‘coming off its crash diet’
  
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• Thousands of families hit with inheritance tax bills on gifts – how to reduce your liability

  16-09-2026 14:05 via moneyweek.com
  
  More than 5,000 estates paid over £1 billion in inheritance tax on lifetime gifts between 2020/21 and 2023/24, according to new Freedom of Information (FOI) figures.In 2023/24 alone, 1,390 estates paid £315 million in inheritance tax on late gifts, an average of £226,000 per estate, the figures obtained from HMRC by financial advice firm NFU Mutual showed.There are annual inheritance tax gift allowances, such as the annual exemption and small gifts allowance.You can also give a
  
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• FirstFT: US mega-donors overwhelmingly back Republicans, FT analysis shows

  16-09-2026 12:28 via ft.com
  Also in today’s newsletter: European Commission president endorses Canada’s ‘associate member’ pitch, and the Fed should defy Trump and raise rates, say economists
  
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• Burnham considers plan to give mayors greater oversight of water companies

  16-09-2026 12:24 via ft.com
  UK prime minister looks at proposal to create nine regional bodies that would set objectives for industry
  
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• PwC revenues fall for first time in two decades

  16-09-2026 10:01 via ft.com
  Middle East consulting business hit by prolonged slump
  
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• PwC revenues fall for first time in more than a decade

  16-09-2026 10:01 via ft.com
  Middle East consulting business hit by prolonged slump
  
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• McLaren to compete against Lamborghini and Ferrari with its first SUV

  16-09-2026 10:00 via ft.com
  British sports-car maker is hoping the move will help increase sales and profits and end years of losses
  
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• McLaren to compete against Lamborghini and Ferrari with hybrid SUVs

  16-09-2026 10:00 via ft.com
  British sports-car maker is hoping the move will help increase sales and profits and end years of losses
  
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• Road fuels push UK inflation higher in August

  16-09-2026 09:19 via ft.com
  Rise in headline rate was almost exclusively down to higher energy prices with few signs yet of broadening price pressures
  
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• Submit a question: What do British businesses need from the Budget?

  16-09-2026 08:29 via ft.com
  Take part in a live Ask an Expert Q&A with John Gapper, the FT’s chief UK business columnist, on Thursday September 17 at 1pm BST
  
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• UK inflation rose to 3.1% in August

  16-09-2026 08:01 via ft.com
  Figure worsens squeeze on households ahead of BoE meeting
  
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• FirstFT: EU rebuffs ‘unique alliance’ with Canada

  16-09-2026 06:30 via ft.com
  Also in today’s newsletter: US mega-donors and Vodafone’s €1.1bn hit
  
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• UK chancellor considering Budget tax raid on higher stake slot machines

  16-09-2026 06:00 via ft.com
  John Healey faces fierce industry lobbying as sector warns of thousands of job losses
  
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• Healey looking at hitting betting shops, but not pubs, with gambling tax

  16-09-2026 06:00 via ft.com
  John Healey faces fierce industry lobbying as sector warns of thousands of job losses
  
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• Has China taken the lead on AI?

  16-09-2026 06:00 via moneyweek.com
  
  The Chinese economy is facing headwinds. There is weakness in consumer spending, its property market is still in a slump, and there’s weakness in business investment. Speaking on the latest episode of MoneyWeek Talks, Dale Nicholls, manager of Fidelity’s China special situations fund says while there may be negative things to say about the country’s economy,there are also bright spots to look out for,“In terms of the domestic business, things are relatively muted. But, as
  
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• Fed should defy Trump with rate rise, top economists say

  16-09-2026 06:00 via ft.com
  The vast bulk of respondents in FT-Booth poll say the central bank should lift borrowing costs in a bid to tame inflation
  
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• EU rebuffs Carney’s ‘unique alliance’ with Canada

  16-09-2026 06:00 via ft.com
  Some governments balk at prime minister’s call for ‘middle powers’ to join forces against US and China
  
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• EU capitals rebuff Carney’s ‘unique alliance’ with Canada

  16-09-2026 06:00 via ft.com
  Some governments balk at prime minister’s call for ‘middle powers’ to join forces against US and China
  
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• A hotter planet meets dearer money

  16-09-2026 06:00 via ft.com
  Rising borrowing costs mean new financing instruments will be needed for developing economies to deal with climate change
  
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