Economic news and events


UK ministers mull pulling inflation-linked benefits rise plans

Benefits may not be hiked in line with spiralling inflation, a minister has suggested, while insisting UK government plans to cut taxes to the benefit...

Thu, 29/09/2022 - 06:16


Number of cars built in UK increases for fourth month in succession

The number of cars built in the UK has increased for the fourth month in a row, new figures show.

A total of 49,901 cars...

Thu, 29/09/2022 - 05:47


UK trade chief tells US Britain is ‘going for growth’ with tax cuts

Kemi Badenoch has used her first overseas visit as UK trade secretary to spruik the government's economic strategies as ‘going for growth in a big...

Thu, 29/09/2022 - 05:47


TOP NEWS: Bank of England steps into market to buy long-dated gilts

The Bank of England on Wednesday announced that it will carry out temporary purchases of long-dated gilts, after recent instability in the UK government bond...

Wed, 28/09/2022 - 11:58


TOP NEWS SUMMARY: Europe accuses Russia of gas pipeline sabotage

The following is a summary of top news stories Wednesday.

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COMPANIES

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US regulators fined Wall Street firms a total of $1.8 billion over...

Wed, 28/09/2022 - 10:52


Windfall tax may fund further Ireland inflation measures if needed

Ireland's Finance Minister has said that a windfall tax or surplus will be used to fund any further cost-of-living measures that may be needed.

Paschal...

Wed, 28/09/2022 - 05:52


UK chancellor seeks to calm City after IMF urges to change tack

UK Chancellor Kwasi Kwarteng will step up efforts to reassure the City about his economic plans after the International Monetary Fund criticised the measures and...

Wed, 28/09/2022 - 05:50


Badenoch sets sights on US investment in first visit as UK trade chief

UK Trade Secretary Kemi Badenoch will hail the ‘special relationship’ with the US when she travels to New York for her first overseas visit in...

Wed, 28/09/2022 - 05:46


UK Chancellor Kwarteng urged to change course by IMF

There is international pressure on Kwasi Kwarteng to change course after his mini-budget spooked the markets with its package of tax cuts and increased borrowing....

Tue, 27/09/2022 - 21:47


BoE chief economist signals ‘significant’ response to turmoil

The Bank of England's chief economist indicated Tuesday that the markets shock caused by Britain's tax-slashing budget called for a ‘significant’ monetary policy action at...

Tue, 27/09/2022 - 17:25


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