Economic news and events


UPDATE: UK chancellor axes top income tax rate and cuts stamp duty

UK Chancellor Kwasi Kwarteng abolished the top rate of income tax for the highest earners as he spent tens of billions of pounds in a...

Fri, 23/09/2022 - 11:08


TOP NEWS: UK chancellor cuts stamp duty and rolls back tax hikes

The UK chancellor on Friday announced a ‘permanent’ cut to stamp duty and a reversal of tax hikes as part of plans to usher in...

Fri, 23/09/2022 - 10:39


TOP NEWS: UK private sector falls at fastest pace since January 2021

The UK private sector fell further into decline in September, preliminary figures on Friday showed.

The latest S&P Global/CIPS flash composite purchasing managers' index...

Fri, 23/09/2022 - 09:53


UK chancellor to set out plans for ‘new era’ of growth in mini-budget

UK Chancellor Kwasi Kwarteng will pledge to ‘turn the vicious cycle of stagnation into a virtuous cycle of growth’ as he sets out the new...

Fri, 23/09/2022 - 05:35


UK consumer confidence falls to fourth record low in five months

UK consumer confidence has fallen to another new low amid deep concerns about personal finances over the coming year, figures show.

GfK's long-running consumer confidence...

Fri, 23/09/2022 - 05:35


National insurance hike to be cancelled - UK Chancellor Kwarteng

The UK national insurance hike introduced by Boris Johnson's government will be reversed from November 6, Chancellor Kwasi Kwarteng has announced.

Ahead of his mini-budget...

Thu, 22/09/2022 - 15:38


TOP NEWS: BoE hikes by 50 basis points; warns on inflation, recession

The Bank of England enacted another 50 basis point rate hike on Thursday, as it warned that inflation will be above 10% ‘over the following...

Thu, 22/09/2022 - 12:26


TOP NEWS SUMMARY: Japan intervenes to support yen as rate gap widens

The following is a summary of top news stories Thursday.

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COMPANIES

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A US jury ordered Meta Platforms to pay $174.5 million for violating...

Thu, 22/09/2022 - 10:50


Fracking ban lifted as energy security made ‘absolute priority’ by UK

England's fracking ban has been lifted as UK Prime Minister Liz Truss's government vowed to explore all avenues to improve energy security, setting Downing Street...

Thu, 22/09/2022 - 10:11


UK manufacturers cut growth forecasts for next year - survey

Manufacturers in the UK have slashed their growth forecasts for next year amid ‘gathering storm clouds’ for industry.

Make UK said a survey of firms...

Thu, 22/09/2022 - 07:29


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