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More financial pain to come as not all have felt full impact of increased borrowing costs, Bank says
Worse financial pain is to come, as many people have not yet felt the full impact of the increased cost of borrowing, the Bank of England has said in one of its latest health checks of the UK’s financial system.Higher interest rates, currently at 5.25% after a run of 14 hikes, have not yet been …
Business
Euro News
Unfair Chinese competition: EU plans anti-subsidy steel probe
Business
Euro News
France and Germany arm wrestle over EU electricity reform
Business
Euro News
Global GDP growth is lowest in decades, says IMF
Business
Sky News
IMF’s new predictions of doom for UK economy should be taken with a few pinches of salt
There are a few ways one could report the latest economic growth forecasts from the International Monetary Fund (IMF).The first way is to declare that Britain’s economy is heading for the buffers. Its economy will grow next year at the slowest rate in the G7 group of leading industrialised economies (0.6%). This is considerably lower …
Business
Sky News
Grocery inflation eases considerably in last month
The rate of grocery inflation eased considerably over the past month, part-aided by a “jump in the amount of money spent on offers”, according to a closely-watched study.Kantar Worldpanel, which records supermarket sales and price data, said the annual rate of grocery inflation fell back to 11% over the four weeks to 1 October. Its …
Business
Euro News
Europe can become energy self-sufficient by 2030, but it comes with a hefty price tag – study
Business
Sky News
Guest endorsement was the real surprise as Reeves targets Tory economic territory
Get Britain building again. Get the country growing again. Clamping down on waste. Making Britons better off…The funny thing about the messages coming from Rachel Reeves in her party conference speech today is that she is standing four-square in territory dominated by the Conservative Party only a few years ago. She wants to unblock the …
Business
Sky News
Nobel prize awarded to historian for gender gap research
An American economic historian who examined wage inequality between men and women with research experts believe will have “vast societal implications” has won the 2023 Nobel economics prize.The Royal Swedish Academy Of Sciences said Claudia Goldin was “surprised and very, very happy” to have won the prestigious award. The prize-giving body said the 77-year-old Harvard professor “provided …
Business
Sky News
Labour announces plans to ‘rebuild Britain’ with review of every major infrastructure project
Labour will examine every ongoing major infrastructure project to “get Britain building again on day one” after it wins a general election, Rachel Reeves has said.The shadow chancellor said that Louise Haigh, her front bench colleague responsible for transport, will also commission an independent expert inquiry into the HS2 fiasco “to learn lessons for the …
Business
Euro News
UK Labour Party to track down billions lost to COVID corruption if elected
Business
Business Live
Devon-based clean technology group secures funding for EV battery decarbonising project
A Devon-based clean technology group has announced its partnership with Lunaz to develop an innovative and low carbon logistical solution for the safe transportation and discharging of end-of-life EV batteries. Tavistock headquartered Altilium has secured funding from the Automotive Transformation Fund (ATF) for the project. Altilium is currently the only company in the UK producing …

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