Economic News
UK solar power grows slows for second year running
New solar power installations in the UK have halved for the second year in a row, as a result of government subsidy cuts.
London tenants see 42% increase in rent for every additional room
New research by online lettings platform Urban. co. uk has looked at the cost of climbing the London rental ladder from a studio flat to a four-bed property.
US housing starts hit 10-year high in May
US housing starts rose more than expected in May, to a 10-year high, according to data released by the Commerce Department on Tuesday.
KPMG criticised by regulator for 'unacceptable' audit deterioration
The accountancy regulator has criticised KPMG for an "unacceptable deterioration" in the quality of audits that the firm carries out for large UK companies.
May to reject 'meaningful vote' proposal, setting up Commons showdown
Theresa May is poised to reject a proposal that would hand parliament more power over Brexit, setting the government on a collision course with MPs who want to avoid a 'no deal' Brexit, according to reports on Tuesday.
US pharma bosses say UK's life sciences position under threat
US pharma businesses have warned the government that the UK’s dominant position in life sciences is threatened by Brexit and the NHS’s slow adoption of new medicines.
Leave voters prefer hard Irish border to staying in customs union, poll finds
Two thirds of leave voters in the Brexit referendum prefer a hard Irish border to not leaving the customs union after the divorce.
China implores Australia to exercise 'less bias and bigotry'
The Chinese ambassador to Australia claimed that "less bias and bigotry" was required to repair relations between the two as concerns that China's influence in the nation continues to mount.
Significant policy accommodation "still needed", ECB's Draghi says
European Central Bank chief Mario Draghi sounded a confident note on the outlook for inflation on Tuesday, despite the multiple sources of uncertainty surrounding the outlook for growth.
Eurozone construction output improves
Eurozone construction output is growing more strongly, official data showed on Tuesday, indicating the second quarter will make a good recovery from an extremely slow start to the year.
German economic growth forecasts slashed over trade war fears
Germany's economy is expected to grow more slowly in the coming years due to the risks around a euro crisis sparked by Italy and a potential trade war with the US.
Hammond warns NHS boost leaves no money for schools or defence
Chancellor Philip Hammond warned ministers that the NHS £25bn a year rise in NHS spend by 2023 would leave no extra cash for defence and policing, though the Prime Minister is thought to be prepared to go against manifesto pledges and sanction tax rises.
White House readies $400bn-worth of possible tariffs on Chinese made goods
President Donald Trump instructed his country's Trade Representative to identify another $200bn-worth of goods on which to levy 10% tariffs.