NEWS AND ANNOUNCEMENTS
18 May
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Downing Street taps City vets to lead probe into 'toothless' FRC

Downing Street has handpicked a group of City veterans to launch a probe into the Financial Reporting Council just days after a report on recently collapsed facilities management and construction services company Carillion highlighted several failures in the market.

18 May
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Theresa May's new customs plan could keep UK aligned with EU past 2020

Prime Minister Theresa May has proposed a new Brexit customs plan aimed to break the deadlock the UK government is facing over the future relationship with the EU post-2020 faced some problems on Thursday.

17 May
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UK taken to Europe's highest court over excessive pollution

The European Commission is dragging the UK along with Germany, France, Italy, Romania and Hungary before its highest court for breaching legal limits on levels of pollution and for failing to meet the caps set by Brussels on emissions of nitrogen dioxide.

17 May
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Downing Street dismisses reports UK will stay in customs union past 2021

Prime Minister Theresa May on Thursday dismissed a media report the government is planning for the UK to stay in the European customs union after 2021.

17 May
fracking, shale gas
UK govt launches fracking fund and planning service to help councils, developers

To speed planning permission for fracking projects in England, ministers have launched a fund to help local authorities deal with shale applications and a new 'planning brokerage service' to help both developers and local authorities with the application process.

17 May
brexit-nhs
NHS outsourcing deal with Capita 'put patients at risk'

Outsourcing NHS services to private company Capita is resulting in “widespread failures”, the UK’s spending watchdog has said.

16 May
east coast
Poisoned chalice: Why the East Coast franchise keeps failing

Wednesday’s news that the East Coast rail franchise would once again fall into government hands marks the third time since privatisation that the high-speed route between London and Scotland has failed.

16 May
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Households to cough extra £1.5bn after tweak in green subsidy backfires

UK energy users will be forced to pay an extra £1. 5bn for their green energy over the next fifteen years due to a tweak of the government’s policy on green energy subsidies, the National Audit Office has warned.

16 May
European Central Bank, ECB, euro, eurozone, single currency
Eurozone inflation confirmed at 1.2% in April

Annual inflation in the eurozone slowed to 1. 2% in April from 1. 3% the month before, well below the European Central Bank's target of close to but under 2%, data from Eurostat confirmed on Wednesday.

15 May
westminster
Cabinet extends customs meetings as Brexiters refuse to back down

Downing Street's inner Brexit cabinet is set to meet again on Tuesday after Prime Minister Theresa May attacking Tory Brexiteer Jacob Rees-Mogg, who said he was among a group that would not back down from supporting a hard Brexit, outside the customs union with the Irish border open.

15 May
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Facebook 'fails to answer' parliamentary committee questions

Facebook failed to answer 39 questions concerning data privacy and fake news posed to the company by parliament's Digital, Culture, Media and Sport Committee, the group's chairman said on Tuesday.

15 May
US house USA United States of America housing
NAHB housing market index ticks up in May

Sentiment among US housebuilders improved in May, according to data released on Tuesday.

15 May
aleman, germany, alemania
German investors remain gloomy in April - ZEW

Investors in Germany remained gloomy in May, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.

15 May
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UK pay growth slows but employment grows

Growth in British wages slowed in March, official data showed on Tuesday, but employment expanded at the best quarterly rate for more than two years and the squeeze on real incomes eased as pay growth matched inflation.

14 May
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US warns European companies trading with Iran could face sanctions

A US national security adviser warned on Sunday that European companies who continue to trade with Iran risked being hit by US sanctions after President Donald Trump called for all links to be cut off.

14 May
property, housing, real estate, house prices
London's housing industry faces a 'troubling picture' as number of new build starts drops

London's housing industry was facing a "troubling picture" as new build starts and sales growth have fallen at their worst rate since 2012, according to findings from London Central Portfolio's April LCPAca Residential Index, EG's 2018 London Residential Market Analysis and the Office of National Statistics.

14 May
debenhams retail revamp
Shopper numbers fall gain in April - BRC

Retail numbers in UK shops have fallen by an "unprecedented" 4. 8% over the past two months, according to a key industry survey.

14 May
shell-gastech-japon-chiba-plus-grand-salon-mondial-de-l-industrie-du-gaz-et-du-petrole
Morgan Stanley says UK equities set to trump economic uncertainty

UK equities offer fertile ground for stock-pickers, Morgan Stanley says, despite the poor macroeconomic outlook.

14 May
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UK consumer outlook remains depressed, April surveys show

UK consumer spending remained depressed at the start of the second quarter, as April saw households rein in spending for the 11th out of the past 12 months and high street shops being particularly hard hit.