Economic News
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.
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.
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.
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.
Borrowing rises but still offers ample room for Chancellor
UK government borrowing was higher than expected last month, official figures have showed, but is sill on course to allow the Chancellor plenty of leg room to increase spending in his coming Budget.
Eurozone business growth eases in September - IHS Markit
Business growth in the eurozone eased in September as trade war concerns and political uncertainty hit exports, according to preliminary data released on Friday.
Grayling warns of no-deal Brexit unless EU soften Irish position
Cabinet minister Chris Grayling warned that a no-deal Brexit was on the cards if the European Union did not soften its position regarding the Irish border.