Economic news and events

EU and UK closer to signing delayed deal on financial services

The EU on Wednesday moved forward with a delayed agreement with Britain to advance cooperation on financial services regulation as the two sides build on...

Wed, 17/05/2023 - 14:52

BoE Governor Bailey signals further hikes if inflation ‘persistent’

The governor of the Bank of England has warned the central bank will continue to increase interest rates if there are signs that inflation is...

Wed, 17/05/2023 - 14:49

Pressure on UK to rewrite Brexit deal as car maker jobs under threat

UK Prime Minister Rishi Sunak is facing demands to renegotiate the UK’s Brexit deal amid warnings the car industry in Britain faces an ‘existential threat’...

Wed, 17/05/2023 - 10:11

UK Treasury Committee presses for regulation of cryptocurrency

Consumer cryptocurrency trading should be regulated as gambling in the UK, the Treasury Committee has urged.

In a new report, the committee called for consumer trading...

Wed, 17/05/2023 - 06:03

In Taiwan, UK’s ex-PM urges West to confront ’Cold War’ with China

British former prime minister Liz Truss, on a visit to Taiwan Wednesday, will set up a full-throated clash with both China and her successor Rishi...

Wed, 17/05/2023 - 06:01

UK housing secretary says not ‘enough homes in this country’

UK Housing Secretary Michael Gove has conceded there ‘simply aren’t enough homes’ in Britain as he said the prime minister had commissioned him to work...

Tue, 16/05/2023 - 19:51

TOP NEWS: UK unemployment rises to 3.9% but wage inflation stubborn

UK unemployment ticked up in the three months to March, figures from the Office for National Statistics showed on Tuesday.

The UK jobless rate unexpectedly...

Tue, 16/05/2023 - 07:18

20% of UK taxpayers to pay higher rate of income tax by 2027 - IFS

One in five taxpayers will be paying higher-rate income tax by 2027, as frozen thresholds bite households, according to the Institute for Fiscal Studies.

Over recent...

Tue, 16/05/2023 - 05:52

BoE’s Pill admits poor wording over living standards comment

The Bank of England’s top economist has said he should have been more careful over his wording after he faced criticism for indicating that some...

Mon, 15/05/2023 - 19:26

UPDATE: Zelensky meets Sunak as UK promises extra military aid

The UK will provide Ukraine with air defence missiles and attack drones, Downing Street has announced, as Volodymyr Zelensky met Rishi Sunak at Chequers.

In the...

Mon, 15/05/2023 - 12:27

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