Economic news and events


UK PM Liz Truss to face MPs after mini-budget wreaks financial chaos

The UK prime minister faces MPs on Wednesday for the first time since Chancellor Kwasi Kwarteng's £43 billion mini-budget tax giveaway unleashed chaos in the...

Wed, 12/10/2022 - 05:48


TOP NEWS: Bank of England warns market support will end on Friday

The pound has fallen again after the Bank of England governor warned that its emergency support package for the markets would end on Friday.

The...

Wed, 12/10/2022 - 05:44


TOP NEWS: UK government takes aim at wind farm profits with new rules

Renewable energy generators and nuclear power plants could have their revenues capped under a new UK government plan to ensure they are not benefitting from...

Wed, 12/10/2022 - 05:44


TOP NEWS SUMMARY: Bank of England warns on UK ‘financial stability’

The following is a summary of top news stories Tuesday.

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COMPANIES

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Nidec said claims that it is conducting ‘inappropriate’ share buybacks are incorrect....

Tue, 11/10/2022 - 11:12


TOP NEWS: UK grocery price inflation sets new record high of 14%

UK grocery price inflation has hit another peak, prompting customers to switch to ‘wonky’ fruit and vegetables to cut costs, according to survey figures from...

Tue, 11/10/2022 - 10:07


TOP NEWS: BoE steps in again amid ‘material’ threat to UK finances

The Bank of England once again intervened in a bid to calm volatile bond markets, which are now a ‘material risk’ to the UK's ‘financial...

Tue, 11/10/2022 - 08:07


TOP NEWS: UK jobless rate unexpectedly falls and wage growth quickens

The UK unemployment rate unexpectedly declined in August, while wage growth picked up, figures from the Office for National Statistics showed on Tuesday.

The jobless...

Tue, 11/10/2022 - 07:10


Opposition seeks to pile pressure on UK PM as parliament returns

Liz Truss and Kwasi Kwarteng are facing calls to reverse course yet further on their mini-budget, as MPs return to parliament after a torrid conference...

Tue, 11/10/2022 - 05:57


Chinese state trying to manipulate tech for influence - UK spy boss

China is looking to use new and important technologies such as digital currencies and satellite systems to control its own population and increase influence globally,...

Tue, 11/10/2022 - 05:55


UK faces finding £60 billion of public spending cuts - IFS

UK Chancellor Kwasi Kwarteng will have to find spending cuts of more than £60 billion if he is to meet his target to get the...

Tue, 11/10/2022 - 05:54


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