Economic news and events


Hunt will be chancellor at time of election, UK PM Sunak says

Jeremy Hunt will still be chancellor at the time of the general election expected later this year, UK Prime Minister Rishi Sunak has said.

The prime...

Mon, 22/01/2024 - 12:21


Thousands of power outages across Ireland and Scotland from Storm Isha

The most severe of the wind warnings have lapsed on Monday after Storm Isha brought strong winds that disrupted airlines and hit power supplies across...

Mon, 22/01/2024 - 11:53


UK companies in financial distress surge amid ‘debt storm’ - Begbies

The number of UK businesses on the brink of collapse jumped by more than a quarter at the end of 2023 as fears grow over...

Mon, 22/01/2024 - 11:45


Tata Steel decision ‘a massive kick for the whole of south Wales’

Tata’s decision to close blast furnaces at its biggest UK plant, with the loss of up to 2,800 jobs, is a ‘massive kick for the...

Mon, 22/01/2024 - 08:48


UK homeowners made an average £100,000 on property sales in 2023

The average homeowner in England and Wales who sold up last year made around £100,000 more than the amount they had originally paid for their...

Mon, 22/01/2024 - 05:59


Sunak’s Rwanda plan faces first test in Lords with bid to delay treaty

Rishi Sunak is bracing for a battle with the House of Lords over his controversial Rwanda deportation plan.

The first test will come on Monday with...

Mon, 22/01/2024 - 05:56


UK’s Hunt compares himself to Nigel Lawson as promises more tax cuts

Jeremy Hunt has compared himself to tax-cutting former chancellor Nigel Lawson as he and UK Prime Minister Rishi Sunak dangled the prospect of further giveaways...

Sun, 21/01/2024 - 11:00


UK Labour party denies axing £28 billion green investment pledge

The Labour party in the UK has denied it is dropping its pledge to invest £28 billion a year in green projects.

It came after a...

Sat, 20/01/2024 - 11:32


US Federal Reserve official says ’premature’ to expect rate cuts soon

The US Federal Reserve’s fight against inflation is far from over and it is ‘premature’ to expect rate cuts around the corner, a senior US...

Fri, 19/01/2024 - 21:49


US military carries out fresh strikes against Yemen’s Houthis

The US military carried out another round of strikes against Yemen’s Houthi rebels on Friday, targeting missile launchers that were preparing for attacks on shipping...

Fri, 19/01/2024 - 21:47


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