Economy

One of the leading rating agencies in the world has warned that the UK's high level of debt and its "constrained" fiscal future remain a weakness for the country's sovereign debt status. S&P Global stated that the UK's debt was on…

After President Emmanuel Macron’s snap legislative election resulted in a hung Parliament, France’s corporate leaders prepare to say goodbye to a decade of business-friendly conditions. On Sunday, many executives breathed a huge sigh…

The EU has plans to charge customs duties on low-cost goods. This could affect imports from online retailers, and a London listing that was hoped for by fast-fashion seller Shein. This potential change is a response to growing concerns…

Although the private sector grew faster than originally estimated, domestic spending "stopped up" after the election as people delayed their purchases. The composite purchasing manager's index, compiled jointly by S&P Global &…

Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before. Calastone's latest data on funds flows shows that over £11 billion has been invested in equity funds…

Big ports say that the UK's transition towards net zero is threatened by delays in the approval of new infrastructure, which puts billions of dollars of investment into offshore wind schemes as well as other essential upgrades at risk.…

Marine Le Pen's high-spending policy will be funded by debt, according to the president of the European Central Bank. Christine Lagarde, who won the first round of France's snap elections just days before, made a veiled warning to the…

Legal & General announced a new fund that can handle billions of pounds. This will allow millions of employees to invest their workplace pension savings in illiquid assets. L&G operates workplace pension schemes, including those…

Vanessa, a project manager in Brighton, 35, says that having children is an expensive luxury. My friends who started a family received large sums from their parents in order to get onto the property ladder. For those who are not lucky…

Shadow business secretary said that Labour would prefer stability in the UK-Europe relationship than to try and accelerate economic growth through joining the EU's customs union or single market. Jonathan Reynolds, speaking at the…

The Bank of England warned that the uncertainty caused by the global wave of election, which will begin this coming weekend, could destabilise the UK financial system. Officials are worried about the policies that newly-elected…

One of Britain's largest infrastructure investors called Britain "a Banana Economy" with the ethos "Build absolutely nothing anywhere (or anyone)". But he said that there was a large amount of capital to change this. Dominic Veney,…

The low quality of high-street fashion contributes to the 30,000 containers of clothing, homewares and other goods that are thrown away by British consumers each year. John Lewis has launched the first products of a new clothing range…

Fund managers say that a new Labour government can raise additional money from the bond market for investments without creating a Liz Truss style gilts crisis. If Labour wins the 4th of July election, the Shadow Chancellor Rachel Reeves…

According to an TUC report, UK households will rack up additional unsecured debts totaling more than 1,600 pounds sterling this year. This includes loans and credit card debt. According to the TUC, its analysis shows that average…

Bank of England will likely leave interest rates unchanged for the seventh consecutive time at its Thursday meeting, despite the fact that inflation has returned to the UK official target for nearly three years. At midday, the central…

Even though inflation is down to 2% this year, consumers are still cutting back on their non-essential purchases, including eating out, buying takeaway food and clothes. KPMG's latest figures show that after two years of rising prices…

Labour's plans to end Britain's long term economic stagnation are supported by a group of economists including three Nobel Prize winners and a former Bank of England vice governor. The 16 UK-based and international economists, in a move…