Result Page 27 for Latest Economy News & Archive

EU businesses warn UK exporters could lose billions worth of trade after Brexit

Almost two-thirds of EU businesses polled by CIPS warn they are likely to move part of supply chain to countries in the single market.

Theresa May hints UK ready for transition deal with EU in run-up to Brexit

Prime Minister tells CBI conference her government wants an ambitious partnership with the EU and the wider world.

UK living wage increase 'to benefit 150,000 workers'

Employers signed up to the living wage pledge upped the voluntary rate by 30p an hour to £8.75, while London rate is raised by 45p to £10.20.

Time running out to strike Brexit transition deal, CBI warns

CBI president Paul Drechsler compares Brexit negotiations to a "prime-time soap opera, with a different episode each week".

More news

Is Saudi Arabia the next tourist hotspot?

At present, tourists who plan to visit Saudi Arabia for reasons other than to attend the annual pilgrimage Hajj have to go through lengthy and expensive procedures to get a visa.

'Most expensive whisky' in the world found to be fake

Dram was sold in a hotel in St Moritz but tests showed the spirit was only distilled between 1970 and 1972.

Donald Trump to name Jerome Powell as US Federal Reserve chairman

Ahead of formal confirmation, reports say the President has picked the serving Fed board member to succeed Janet Yellen at the US central bank.

Bank of England expects inflation to peak at 3.2% amid 'considerable' Brexit risks

UK central bank expects economic growth to fall from 1.7% this year to 1.6% in 2018 before picking up again.

'Super Thursday' sees Bank of England deliver historic interest rate rise

UK central bank delivers first rate rise in a decade and reverses 0.25% cut introduced in the wake of the Brexit vote.

UK lags behind France and Germany on gender equality, WEF study shows

The World Economic Forum says it will take another 217 years to achieve full gender parity across the world.

UK facing 'ATM deserts': Thousands of free cash-machines could be axed

ATMs operator Link says demand for cash is falling drastically as it unveils plans to cut number of machines.

UK interest rate rise not as scary as you might think, says Nationwide

Nationwide figures show UK house prices grew 2.5% year-on-year in October, up from 2.3% in September.

Typical UK household £600 worse off due to Brexit vote, NIESR says

Think tank predicts UK GDP to expand by 1.6% this year and 1.7% in 2018, a modest downward revision on the forecasts it made earlier this year.

Brexit could cost 75,000 finance jobs, warns Bank of England

Banks have previously warned thousands of jobs could be lost but London would remain Europe's largest finance hub.

US consumer spending registers strongest monthly gain in 8 years

Surge led by strong sales of autos and other durable goods, according to official data.

UK debt bubble: Borrowing for new cars, holidays and other consumer items highest since a decade

Burgeoning UK consumer credit should raise 'red flags' for lenders

New report says recent double-digit annual growth rate in lending would be unsustainable if it continued at the same pace.

European investors 'bullish' on corporate spending plans despite Brexit and Catalonia

Senior executives polled by ratings agency in positive frame of mind over capital expenditure expectations.

End of eurozone quantitative easing 'in sight' despite dovish European Central Bank stance

The central bank's announcement – that it will extend asset purchase programme until next year – does not signal indefinite extension, says ratings agency.

Philip Hammond urged to abandon budget surplus target

Think tank says chancellor is stuck "between a rock and a hard place" as he prepares to unveil his first budget since the general election.

End of an era in Hong Kong as stock exchange shuts up shop after 31 years

In its heyday, the Trading Hall hosted over 1,000 traders but the number has drastically dropped as markets shifted to electronic trading.

Euro slides after ECB announces plans to halve stimulus package from next year

ECB President Mario Draghi highlights the QE programme will not suddenly end, despite planned slowdown.

Glass half empty! A possible global wine shortage is around the bend

International Organisation of Vine and Wines claims that extreme weather conditions are responsible for a decrease in production across Europe.

Tokyo vows to invest in clean water for 2020 Olympic triathlon event

A water quality survey during the summer found E.coli at concentrations up to 21 times the levels permitted at event venue.

Bank of England set to hike rates in November after UK economy grows more than expected

UK economy grows 0.4% in the third quarter on the back of a strong performance from the services sector.

Heathrow third runway consultation reopens after government publishes new evidence

Department for Transport publishes fresh appraisal over the impact a third runway would have on noise and air quality.

Why Japan's Shinzo Abe coasted to an election victory despite being far from popular

The incumbent ran on predictable platform in unpredictable times and prevailed despite his ambition to change the constitution few have an appetite for.

Japan to see 'robust' growth bolstered by Tokyo Olympics and 'Abenomics'

Policy stimulus and frenetic construction for the summer games in 2020 seen aiding Japanese economy, according to new analysis.

Debtors to be given six-week 'breathing space' under government plans

According to StepChange charity, some 8.8 million Britons face financial difficulties, which could lead to hardship.

Philip Hammond Calls Labour Party Economic Policy a ‘Back To The Future Socialist Fantasy’

Philip Hammond urged to make shoppers and businesses a priority in his Budget statement

Lobby groups urge the Chancellor to suspend planned increase in business rates and incentivise investment instead.

Britain's Brexit Secretary David Davis and European Union's chief Brexit negotiator Michel Barnier hold a joint news conference marking the end of the third formal negotiation session in Brussels, Belgium

Business lobby groups press David Davis to strike Brexit transition deal

Five major business lobby groups say companies will begin relocating jobs out of the UK in the coming months if no deal is in place.

Overseas purchasing power of UK earnings 22% below 2007 peak

Across the euro area as a whole, UK purchasing power is 17% below its initial 2000 level, according to fresh industry analysis.

Pound soars on data and EU stance on Brexit trade talks

Confirmation of trade talks with the EU beginning as early as December sparks sterling rally.

Blame the croissant: France hit by butter shortage

Price of butter has risen by 60% in August to €6.7 per kilogram as supplies dwindle.

Exhaust fumes from a car in Putney High Street

Pollution is deadlier than war, disaster, hunger and costs the global economy $4.6trn

Study finds cost from pollution-related death, sickness and welfare around the planet is massive.

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