Fed Chair Warsh Holds Press Conference After Interest Rate Decision

The Resolution Foundation says the £4.4 bn cost‑of‑living package announced by Chancellor John Healey is poorly targeted, leaving even recipient families with higher energy bills than during the last price shock.

Chancellor John Healey cuts business rates for more small firms and caps the minimum wage rise for younger workers, prompting mixed reactions from retail and hospitality owners.

The Office for Budget Responsibility warns that higher energy prices could affect prices, living standards and economic growth in the UK.