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...
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...
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...
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...
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...
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: 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,...
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 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...
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 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: 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 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...
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...
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...
