Economy and business news from around the world

Economy

£10,000 for everyone under 55: Think tank calls for UK universal basic income fund

A new report has called on the government to give £10,000 to everyone under 55 years of age as part of a move towards a national universal basic income (UBI).

Feb 16, 2018

By David Brennan

Scotland

Young adults shut out of property market as ownership prospect halves in past two decades

Figures from the Institute for Fiscal Studies show young middle earners are struggling to get on the property ladder.

Feb 16, 2018

By Dan Cancian

UK Housing

EU could demand power to raid UK financial firms after Brexit

Boris Johnson said it would be "intolerable and undemocratic" for Brussels to impose its laws on Britain after Brexit.

Feb 15, 2018

By Dan Cancian

Brexit

EU economies post best growth in 10 years as UK fumbles over Brexit

Data from the EU statistics office shows that the economy of the 28-member EU grew by 2.5% in 2017, its best performance since it grew 2.7% in 2007.

Feb 14, 2018

By David Brennan

European Union Brexit France Spain Poland

Trump's controversial tax cuts and military spending spree herald $1 trillion federal deficit

President Donald Trump unveiled a $4.4 trillion budget for next year including a bid spending spree on the military.

Feb 12, 2018

By Associated Press

Donald Trump Barack Obama

Britain could lose £5bn worth of business amid EU trade war with Malaysia

The European Union is set to vote in favour of imposing a ban on palm oil imports from Malaysia, which could spark a tit-for-tat retort.

Feb 12, 2018

By Dan Cancian

European Union

Food rots in UK fields as Eastern European migrant workers stay home

British farmers counting the cost of 4,300 unfilled vacancies and vegetables rotting in the fields as Brexit worries bite.

Feb 9, 2018

By David Brennan

Brexit

BoE deputy says stock market turmoil is not the start of a new financial crisis

BoE Deputy Governor Ben Broadbent calms frayed nerves following a volatile week on the stock markets.

Feb 9, 2018

By Josh Robbins

Bank of England

Theresa May refuses to protect NHS from US corporations in post-Brexit trade deals

Prime minister will not commit to excluding lucrative NHS contracts from hands of US corporations. Vince Cable urges "absolute guarantee" of protection.

Feb 7, 2018

By David Brennan

Theresa May NHS Donald Trump Jeremy Corbyn

The gig economy is exploitation masquerading as freedom

Multi-million-pound firms are, like Uber and Deliveroo, are offloading business risk onto some of the poorest people in Britain.

Feb 7, 2018

By James Bloodworth

Uber United Kingdom Bank of England

Brexit: Government slowness could become 'damaging' worry MPs

Cross-party committee warns government has failed to reprioritise its work and might not be ready by March next year.

Feb 7, 2018

By Dan Cancian

Brexit Theresa May

Brexit: Brussels could force Britain to follow nearly 40 EU laws during transitional period

Leaked Whitehall study shows the European Union could impose 37 directives on Britain for a two-year period.

Feb 6, 2018

By Dan Cancian

Brexit

Donald Trump calls immigration plan without border wall 'a total waste of time'

US President Donald Trump has tweeted that any congressional immigration plan that does not include funding for his border wall is "a total waste of time".

Feb 5, 2018

By David Brennan

Donald Trump Congress Barack Obama