First-time buyers are borrowing through mortgages that last an average of 31 years as the affordability of homes remains a stretch.A decade ago, the average mortgage term for those...

Faarea Masud & Michael RaceBusiness reporter, BBC NewsGetty ImagesTough choices are "unavoidable" as the government finalises spending plans for areas ranging from the NHS and defence, to schools and...

Imran Rahman-JonesBusiness reporterGetty ImagesThe number of vehicles manufactured in the UK fell sharply last month, as US tariffs and the timing of Easter hit production.The 59,203 vehicles made was...

Sarah SmithNorth America editorGetty ImagesSince returning to power, US President Donald Trump has wielded tariffs – or the threat of them - as his economic weapon of choice. He...

Getty Images"Watch the courts" was the whispered message a well-connected diplomat told me in Washington DC last month, amid the previous episode of US tariff chaos.Most eyes were on...

Sameer HashmiBusiness reporterGetty ImagesTrump started the four-day visit in Saudi Arabia where deals worth $600bn were announcedFlying home from his Gulf trip last week, President Donald Trump told reporters...

Emma HaslettBusiness reporter, BBC NewsEPAThe UK economy is forecast to grow slightly more than previously expected in 2025, but the International Monetary Fund (IMF) has warned that the Chancellor...

Charlotte EdwardsBusiness reporter, BBC NewsGetty ImagesPrices were expected to rise at 3.3% in the year to April.The Bank of England has previously said it expects inflation to peak at...

BBCTracy McGuigan-Haigh says she has "dropped balls" while juggling rising costsThe UK rate of inflation rose by 3.5% in the year to April, a much bigger increase than expected.The...

The resumption of the global trade war by Donald Trump comes after a period of relative calm.But the US president's threat of a 50% tariff on all goods from...

One cent coins will stop being produced in the US next year, the Treasury Department has confirmed.It marks the phasing out of the coins, commonly known as pennies, which...

Charlotte EdwardsBusiness reporter, BBC NewsGetty ImagesHigher-than-expected government borrowing figures have increased the prospect of Chancellor Rachel Reeves raising taxes in the autumn, experts say.Borrowing - the difference between spending...