BoE’s Tenreyro warns rate rise could be ‘self-defeating’; US jobless claims fall – business live

Rolling coverage of the latest economic and financial news Latest: US jobless claims finally fall below 300,000 Bank’s Tenreyro: rate hike could be self-defeating Sunak plays down help for businesses over gas hike Jim Ratcliffe: Industry ‘could shut down’ this winter as gas prices soar IEA: Energy surge could threaten recovery China factory gate inflation … Read more

Rishi was the PM’s heir apparent; now Truss is jostling for that role

It was a marmalade dropper moment, as it’s known in the newspaper trade. Trust me, senior Cabinet ministers publicly accusing each other of lying doesn’t happen very often, so it’s worth dwelling on. I’ve asked about. There are two reasons for Rishi Sunak’s spectacular explosion on Kwasi Kwarteng via an aide on Sunday morning, according … Read more