Graeme Wearden, The Guardian

Graeme Wearden

The Guardian

United Kingdom

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Recent articles by Graeme:

EU closes in on $60 cap for Russian oil; pound rallies despite recession fears – business live

Rolling coverage of the latest economic and financial news → Read More

UK house prices fall at fastest rate in two years; factory downturn continues – business live

Average UK house prices fell 1.4% in November, as “the fallout from the mini-budget continued to impact the market,” says Nationwide → Read More

Bulb Energy takeover by Octopus cleared; anger over HSBC branch closures; food inflation at record – as it happened

The UK’s sale of collapsed Bulb Energy to Octopus Energy will go ahead after it was approved by a London judge this afternoon → Read More

Bulb’s takeover by Octopus ‘faces fresh delay’; Bank of England blindsided by ‘extraordinary’ mini-budget – as it happened

Bank of England governor Andrew Bailey is facing the House of Lords economic affairs committee → Read More

World trade slowing as economy weakens; UK retail sales slump; BT pay deal reached – business live

WTO’s trade goods barometer has fallen below trend as demand weakens → Read More

Black Friday retail footfall below pre-pandemic levels amid cost of living crisis – as it happened

Retail experts predict a more muted Black Friday this year, as consumers cut back and Royal Mail strike disrupts deliveries → Read More

Bank of England deputy governor could vote to cut interest rates if inflation pressures ease – as it happened

Sir Dave Ramsden expects to vote to keep raising borrowing costs, but sees potential for rate cuts if persistent inflation stops being a worry → Read More

Five-year mortgage rates drop below 6%; UK lagging G7 rivals; European stocks at three-month high – as it happened

Average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, as OECD cuts growth forecasts → Read More

Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened

Saudi Arabia and other OPEC oil producers are discussing an output increase. WSJ reports , which could help heal rift with the Biden administration → Read More

Hunt denies planning to lift fuel duty; pound higher despite grim outlook – as it happened

The government has made “no decision” on whether to increase the rate of fuel duty on petrol, Jeremy Hunt insists as he defends autumn statement → Read More

UK facing ‘grim economic outlook’ as Jeremy Hunt warned against excessive austerity – business live

Investors and economists warns that markets want to see growth plans as well as fiscal responsibility → Read More

UK’s international reputation damaged by mini-budget, says BoE governor; high inflation hits poorest hardest – as it happened

Andrew Bailey says UK must tread carefully after recent turmoil as he faces Treasury committee, on day inflation accelerates to a 41-year high of 11.1%, hurting poor the most → Read More

Insolvencies rise by nearly 40% in England and Wales as costs soar

Companies hit by increasing energy prices, higher inflation, labour shortages and interest rate rises → Read More

UK jobs market cooling as unemployment rises and real wages keep falling – business live

Jobless rate up and vacancies down, while rising wages still aren’t keeping up with inflation and working days lost to strikes soar → Read More

Joules to call in administrators, as business confidence hits 13-year low – business live

Retailer will appoint administrators after failing to find a new investor → Read More

FTX files for US bankruptcy protection, CEO Bankman-Fried resigns – as it happened

Cryptocurrency exchange FTX starts bankruptcy proceedings in US and Sam Bankman-Fried is resigning as chief executive officer → Read More

Slowing US inflation rate raises hopes cost of living crisis may have peaked

Pound surges and stock markets rebound as US consumer price index drops from 8.2% to 7.7% in October → Read More

Wall Street surges and dollar tumbles as US inflation rate drops to 7.7% – as it happened

Dollar slides and stocks rally in New York on hopes that the Federal Reserve will slow its interest rate rises → Read More

UK grocery inflation hits 14.7%; recession looms as housing market weakens – as it happened

UK households face £682 rise in annual grocery bill as prices soar, and there’s ‘no peak in sight’ → Read More

UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity → Read More