Around the world, disadvantaged people have been left behind by politicians of all hues | Amory Gethin and others

Studying hundreds of elections, we found parties increasingly catering to two elite groups – the well-educated and the well off Given the steep rise in economic inequality in many parts of the world since the 1980s, one might have expected to see increasing political demands for the redistribution of wealth and the return of […]

Read More

Bank of England warns inflation will hit 4% this year but holds interest rates

Monetary policy committee resists pressure to increase the cost of borrowing to calm rising prices The Bank of England has kept UK interest rates at the historic low of 0.1% despite predicting a stronger recovery this year from the pandemic that will push inflation higher than previously expected. Central bank policymakers predicted that UK […]

Read More

Chinese services activity accelerates, but Delta variant concerns remain – business live

The latest coverage of the world economy, financial markets, and business. 8.24am BST Concerns about the Delta variant don’t appear to be weighing on Asian stock markets today, which have been moving towards one-week highs. After a hesitant start to trading in Asia, stocks had bounced back by mid-morning. 8.00am BST Good morning, and […]

Read More

Biden has a better handle on economics than Trump – but there are still risks | Nouriel Roubini

The new US president has emerged with a neo-populist agenda closer to his predecessor than to Obama About half a year into Joe Biden’s presidency, it is time to consider how his administration’s economic doctrine compares with that of Donald Trump and previous Democratic and Republican administrations. The paradox is that the “Biden doctrine” […]

Read More