ITV News Joel Hills explains if rising inflation is due to the way it's calculated or a resurgence in prices, as it has reached its highest level since March.

Inflation no longer burns white hot - but it's still glowing

The takeover has come with promises not to raid Royal Mail's pensions surplus and to maintain the universal service, ITV News' Joel Hills reports.

Takeover of Royal Mail cleared by Government in return for time-limited promises

ITV News' Economic Editor Joel Hills explains why the new economic partnership with the EU will "do little" to offset the economic costs of Brexit.

New economic partnership with EU will 'do little' to offset the costs of Brexit

The previous government rejected a plan for a youth mobility scheme but to get better access to the EU the Labour administration may need to accept one.

German ambassador says UK should accept youth mobility as 'it is not migration'

Carmakers say they are having to sell electric vehicles at a loss in the UK because consumers aren’t willing or able to pay a higher price for them.

Government promises to rethink sales targets for electric cars

Inflation was higher than expected for the month and the Budget means there's more to come, as ITV News Economic Editor Joel Hills writes.

Inflation jumps to 2.3% in sharpest increase for two years

In a letter published on Tuesday, the UK's top retail bosses have warned of "inevitable" job losses and closures amid Budget changes.

Retailers warn Budget will trigger job losses, price rises and store closures

ITV News Business and Economics Editor Joel Hills spoke to Chancellor Rachel Reeves about the increasing challenge of boosting the UK's economic growth.

Reeves seeks US trade deal to boost growth after disappointing GDP figures

What happens next to interest rates could be affected by how Donald Trump behaves in power, writes ITV News' Business and Economics Editor Joel Hills.

Bank cuts interest rates but the elephant in the room is Republican

Trump's tariffs would be "yet another shock to the UK economy", pushing up prices, interest rates and unemployment, according to new research. 

Trump's tariffs would hike UK prices, interest rates and unemployment

Chancellor Rachel Reeves stands outside No. 11 Downing Street with a red ministerial briefcase.

It comes after the IFS director told ITV News that he 'certainly wouldn't' rule out future tax rises in this Parliament, in the wake of the chancellor's Budget.

The chancellor may have to put up taxes again in this Parliament

King Charles will deliver this year's Christmas message from a former hospital chapel.

King's Christmas message to reflect on his and Kate's cancer

File photo. Lord Peter Mandelson pictured in July 2023.

ITV News Political Editor Robert Peston explains how Lord Peter Mandelson might yet not be packing his bags for Washington DC.

Why Washington could reject Mandelson as Britain's next US ambassador

ITV News Political Editor Robert Peston breaks down potentially the most important diplomatic decision Starmer will ever make. 

Was PM blindsided by Mandelson reaction or did he hope to weather the storm?

Ruth Jones and James Corden attend a BBC launch event for Gavin and Stacey: The Finale, at Ham Yard Hotel in London. Picture date: Wednesday December 18, 2024. 

After the show's 2019 Christmas special ended on a cliffhanger, with a marriage proposal, viewers will hopefully get an answer on Christmas Day.

James Corden and Ruth Jones to give Gavin & Stacey ‘lovely’ send off

ITV News' Robert Peston looks at why the prime minister has given Lord Mandelson the UK's top diplomatic job to the US and what risks are involved

Why Starmer picked Mandelson for Washington

File photo dated 02/02/24 of Lord Peter Mandelson at St Mary the Virgin church in Primrose Hill, north west London. The UK needs to transform itself into a high investment economy to shift out of its low growth "doom loop", Lord Peter Mandelson claims, adding that he will will hit out at "persistent underinvestment". Issue date: Thursday October 10, 2024.

The Labour peer and former 'spin doctor' to Tony Blair would replace Karen Pierce, who has served as ambassador to the US since 2020. 

Peter Mandelson expected to be made Britain's new ambassador to US

The Queen's longtime hairdresser has spoken to ITV News about her decades-lasting friendship with Her Majesty.

Royal warrant for the long-serving hairdresser to the Queen

ITV News' Chloe Keedy reports from Avignon, France, after attending the sentencing of Gisèle Pelicot's ex-husband and 50 other men in the mass rape trial.

Joel Hills

Business and Economics Editor