Economic News
09 Jan
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UK could vote to rejoin EU customs union after Brexit, minister admits

The UK parliament could vote in favour of rejoining the EU customs union after Brexit without further legislation, a Treasury minister admitted to MPs.

09 Jan
JP Morgan boss says US GDP could grow by 4% in 2018

Chief executive of JP Morgan Chase, Jamie Dimon, offered a forecast for US economic growth that was comfortably ahead of even the most optimistic projections from economists.

09 Jan
Coal mine, mining
Trump's plan to prop up coal and nuclear power rejected

The Republican- controlled Federal Energy Regulatory Commission rejected on Monday the Trump administration's plans to breathe new life into the country's coal and nuclear power plants through subsidies.

09 Jan
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Belgian coalition government rigged to implode

The coalition government of Belgium was said to be at risk of collapse over a scandal regarding the forced repatriation of more than 100 Sudanese nationals.

09 Jan
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North and South Korea hold first talks in two years

North Korea and South Korea are embracing talks aimed at improving relations between the two countries.

09 Jan
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Britons untrusting of broadband advertising, says survey

A recent survey carried out by price comparison service Broadband Genie revealed that the majority of Britons felt that advertisements for internet service providers were dishonest, with the product itself not living up to the promises made by their providers' marketing campaigns.

09 Jan
Sainsburys CEO Mike Coupe, retail, supermarkets, Sainsbury's
Wednesday preview: Sainsbury's, SuperDry, TW, Tullow and industrial production

Wednesday sees UK industrial production, construction output and trade data, plus company updates from retailers Sainsbury's and SuperGroup/SuperDry, builder Taylor Wimpey and Tullow Oil.

09 Jan
barclays bank london
MPs warn Barclays not to halt compensation for card mis-selling victims

Parliament has warned Barclays not to halt payouts to 80,000 customers who were mis-sold credit card plans or it could lead to customers being entitled to compensation of £200m.

09 Jan
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Supermarkets savour happy Christmas as households spend £1bn more

UK supermarkets had a very merry Christmas as they notched up the busiest shopping day ever recorded on the Friday before Christmas and in the run-up to the big day sold £1bn more groceries than the year before.

09 Jan
Lidl opens huge new warehouse to continue growth in London

Lidl is opening its largest UK warehouse in Luton as part of the German discounter's £1. 45bn investment in growth to keep up its assault on the Big Four supermarkets.

09 Jan
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UK men enjoy increasingly more leisure time than women

Men in the UK enjoy almost five more hours of leisure time per week than women, new research from the Office of National Statistics shows.

09 Jan
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Vauxhall cuts 250 more jobs at Ellesmere Port plant

Vauxhall has announced it will axe 250 more jobs at the plant where the Astra car is made, taking the total number of job losses there to 650.

09 Jan
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British firms flooded with cyber attacks in 2017

Major British companies were hit by more than 230,000 cyber-attacks each during 2017, as attacks in the fourth quarter increased 24% over the same time a year earlier.

09 Jan
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Eurozone unemployment rate nears nine-year low

Unemployment in the eurozone shrank modestly towards the end of last year, approaching a nine-year low as economic conditions in the bloc continue to improve.

09 Jan
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UK retail sales remain lacklustre amid household income squeeze - BRC

UK retail sales remained lacklustre in the industry's vital festive period, a widely followed survey showed on Tuesday, with non-food sales growth the lowest in five years.