Economic News
25 Sep
carillion hardhats
Taxpayers set to pay £65m for Carillion redundancy payments

UK taxpayers will have to pay £65m to cover redundancy payments for former Carillion workers who were made redundant after the company’s collapse in January.

25 Sep
tesco, markets, low
UK grocers commit to halving food waste by 2030

Large supermarkets and manufacturers are committing to reduce the annual £20bn food waste bill in half by 2030.

25 Sep
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China says US putting 'knife to its neck', hard to continue trade talks

China's vice commerce minister said trade talks with the US are complicated at the moment and accused the US of bullying China and holding “a knife to its neck”.

25 Sep
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Criminals steal over £500m through UK fraud in the first half of 2018

Criminals have stolen a total of £503. 4m in authorised and unauthorised fraud from UK bank customers in the first half of 2018.

24 Sep
la-russie-denonce-une-hysterie-russophobe-du-royaume-uni
SOVA Capital believes Bank of Russia's next move will be a rate cut

Central Bank of Russia's recent decision to hike rates does not foreshadow that more interest rate hikes lay ahead, analysts at Sova Capital said.

24 Sep
Russia
Russia hikes rates unexpectedly due to currency weakness, risk of further sanctions

Central Bank of Russia surprised financial markets on Friday, hiking its main interest rate in response to the recent overshoot of its inflation target on the back of weakness in the rouble and food price inflation, although Governor Elvira Nabiullina had reportedly flagged that possibility a week beforehand.

24 Sep
Turkish lira boosted as Pompeo lets slip Brunson could be released soon

The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.

24 Sep
water cleaning plant
Labour pledges to set up publicly-owned water services run by workers

The Labour party has pledged to "turn off the tap" that sells-off utilities for private profit and to set up publicly-owned transparent water companies run by local councils, workers and customers.

24 Sep
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Volvo halts Iran truck operations over US sanctions

Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.

24 Sep
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ECB expects 'relatively vigorous pick-up' in core CPI, Draghi says

Europe's single currency bounded higher in mid-afternoon trading on Monday, after European Central Bank chief, Mario Draghi, said that the stable outlook for headline consumer prices masked stronger underlying price pressures.

24 Sep
labour
Labour's McDonnell unveils employee share ownership plans

Shadow Chancellor John McDonnell unveiled a plan to force larger companies to give shares worth up to £500 per employee, in a speech at the Labour party conference on Monday.

24 Sep
drilling oil onshore
Oil price rises to four-year high

Brent crude oil gained 2% to $80. 75 on Monday morning, its highest price in four years after Opec's weekend meeting and amid heightened tensions between the US and Iran.

24 Sep
exportaciones contenedor puerto van
UK export growth reaches lowest level since Brexit vote - BDO

The UK export growth has fallen for a sixth consecutive quarter and has reached its lowest level since the Brexit referendum in 2016, a survey has found.

24 Sep
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May faces cabinet pressure amid calls to drop Chequers plan

Theresa May will face pressure on Monday as Brexiters will urge the Prime Minister and her cabinet to ditch the Brexit Chequers plan after her meeting with EU leaders in Salzburg last week.

24 Sep
flowtech industrial manufacturing industry
Manufacturing orders hit by export decline - CBI

Manufacturing orders have fallen to a four-month low, a survey from the Confederation of British Industry revealed on Monday.

24 Sep
trump-veut-viser-toute-firme-s-ingerant-dans-les-elections-us
China refuses trade talks with US as new tariffs kick in

China has refused to continue trade negotiations with the US until President Donald Trump stops threatening further tariffs.

24 Sep
aleman, germany, alemania
German business sentiment proves resilient in September - Ifo

Business confidence in Germany deteriorated less than expected in September, according to a survey released by the Ifo Institute on Monday.

21 Sep
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UK needs more part-time senior jobs to tackle 'motherhood penalty'

The Association of British Insurers have suggested introducing more part-time senior jobs in a move to tackle the “motherhood penalty” and reduce gender seniority gap.

21 Sep
article50 theresa may
Theresa May says still 'long way apart' from EU on Brexit

UK Prime Minister Theresa May said Brexit negotiations were at an impasse and accused the European Union of not treating the UK with respect, sending the pound tumbling on Friday.

21 Sep
jeremy-corbyn-reelu-a-la-tete-du-parti-travailliste
Majority support plans to fund NHS through tax hike

More than half of people on both sides of the political spectrum agree the government should increase taxes in order to better fund public services, according to the British Social Attitudes survey.