Economic News
NHS extra £20bn funding to come from tax hike says May
Theresa May said the government planned to provide the NHS an extra £394m a week, funded from increased tax contributions.
May's Brexit plans face Wednesday showdown
The House of Lords is set to vote down the government’s Brexit bill and the “meaningful vote” on Monday setting up a showdown with rebel lawmakers in the Commons on Wednesday.
US housebuilder sentiment drops in June as lumber prices rise
Sentiment among US housebuilders deteriorated in June due to sharply higher lumber prices, according to data released on Monday.
Pub sales benefit from better weather, restaurants not
Sunnier weather helped herd more people into pubs last month, though the restaurant sector saw sales continue to wilt.
OPEC may boost output by between 300,000-600,000 b/d under compromise deal
A number of OPEC countries are optimistic that a compromise agreement on boosting the cartel's output over the next few months can be reached.
Swedish Democrat Party sets sights on EU referendum
Sweden's third largest party is pushing for a referendum on leaving the European Union within the next four years.
China hits US with reciprocal tariffs as media attacks 'fool' Trump
China has retaliated and hit US with $34bn tariffs on over 600 products including whiskey, electrical cars and soy, while state media attacked the US president Donald Trump’s actions.
UK house prices edge up in June but London prices drop again
UK house prices edged higher in June, but prices in the capital fell as the busier spring selling season came to an end, according to a survey by Rightmove.