public finances

UK public finances ranked among the worst globally, says IMF

UK public finances have been ranked among the worst globally, according to an assessment of government assets and liabilities by the International Monetary Fund...
Phillip Hammond Cyber Security

CBI calls on Hammond for £2bn business boost

The CBI has called on Phillip Hammond to use the budget to prepare companies for trading post-Brexit.  The employers’ organisation has demanded from the chancellor to allow a £2...
UK unemployment

Unemployment in US falls to lowest rate since 1969

The US unemployment rate has fallen to the lowest rate since December 1969. New figures from the Department of Labor revealed the jobless rate to fall to...
brexit

No-deal Brexit could cost food & drink sector £9.3bn

A no-deal Brexit could cost the food and drink industry up to £9.3 billion, a new survey suggests. Research by Barclays has suggested that crashing out of...
retail sales

UK retail sales beat forecasts in August

UK retail sales have smashed forecasts, rising by 0.3 percent in August. The Office for National Statistics announced a rise in retail sales, beating forecasts...
Inflation

UK inflation hits 2.7pc, sterling rises

The UK inflation rate has hit a six-month high of 2.7 percent. The rise was unexpected as economists predicted a Consumer Prices Index rate of 2.4...
imf

IMF: no-deal Brexit will result in “significantly worse outcome”

The International Monetary Fund (IMF) has warned on the effects that a no-deal Brexit would have on the UK economy. Christine Lagarde, the IMF's managing director,...
mark carney

Carney to stay on at BoE to ensure a smooth Brexit

Mark Carney will remain as the Bank of England's governor until 2020, allowing the governor to see the UK through Brexit. Phillip Hammond made the...

Pound jumps on Barnier’s Brexit optimism

The pound rose one percent against the dollar on Monday following Michel Barnier's comments that a Brexit deal was possible within the next eight weeks.  Barnier...
Uk growth

UK growth in July lifted by warmer weather and World Cup

UK growth for July proved stronger-than-expected, with warmer weather and the World Cup providing a boost to retail. According to the Office for National Statistics...
China

Chinese manufacturing growth falls to 15 month low

A new survey showed on Monday that China’s manufacturing activity in August grew at the slowest pace in over a year. The Caixin/Markit Manufacturing Purchasing Managers’...

Pound rallies following Raab & Barnier’s Brexit confidence

The pound sterling rallied on Wednesday following Brexit comments from UK and EU officials. Following comments from Brexit secretary Dominic Raab and EU’s chief negotiator, Michel Barnier, the pound rose over one percent against...

Food prices ‘to rise 5pc’ due to extreme weather, new research...

Economists have warned that the extreme weather this year could increase food prices by at least five percent. The Centre for Economics and Business Research (Cebr)...

Turkish lira “in for a bumpy ride”

The Turkish Lira has recovered slightly but analysts have warned of a turbulent future as the US threatens to impose further sanctions over Turkey. The lira rose...
UK Retail

UK retail sales boosted thanks to warm weather and football

UK retail sales increased by 0.7 percent in July, helped by warmer weather and the World Cup. New figures from the Office for National Statistics (ONS)...

High street job losses expected to total 30,000

High street job losses for 2018 have now reached over 30,000 as Homebase is expected to announce the closure of up to 80 stores this week. The...
Brexit

Brexit: Firms facing “supply shock” as EU citizens avoid UK

Firms are increasingly struggling to recruit employees after a steep fall in the number of EU citizens coming to the UK, a report has...
bank of england

Bank of England raises interest rates to 0.75pc

The Bank of England has raised interest rates to 0.75 percent - the highest level since March 2009. Threadneedle Street raised interest rates for the...
manufacturing

UK manufacturing sector weaker than expected in July

UK manufacturing figures were downbeat in July, with the sector's purchasing managers' index falling to a three-month low of 54.0. This was down from 54.3...
imf

Trump’s trade war could cost global economy $430bn, warns IMF

The International Monetary Fund has warned that Donald Trump's trade tensions could cost the global economy $430 billion (£324 billion). IMF’s economic counsellor, Maury Obstfeld, said on Monday...