Economy

According to Britain's largest investment company, the economy would benefit from fewer landlords who buy-to-let. Legal and General Investment Management has slammed "unscrupulous landlords" for allegedly taking money from people and…

London's stock market, which has been in turmoil for years, is about to get a boost from a City Property Trust that will list a £500m trust. Special Opportunities REIT is a newly-established real estate investment trust that will likely…

The sharpest fall in house prices since last summer occurred in April, as the recent rise in mortgage rates dampened demand. Nationwide, a high-street lender, reported that prices fell by 0.4% last month. This was the second consecutive…

Although the UK manufacturing sector contracted slower than expected in January, economists warn that output remains constrained by consumer confidence. The final S&P Global and Chartered Institute of Procurement and Supply buying…

Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries. The manager of the O2, a venue for entertainment in Southeast London, accused the Treasury of…

The Conservative Party's flagship policy of 'leveling up' regional economies in the UK takes two forms on the island of Anglesey. First, a £22.5mn program to make cosmetic improvements in the crumbling fabric that is Holyhead. Local…

Official figures show that UK mortgage approvals reached their highest level in 18 months in the month of March. This suggests that the property market continues to recover, despite recent increases in quoted rates. The Bank of England…

According to new estimates, potholes in British roads cost more than £14billion a year, including repair costs, accidents and delays, as well as higher emissions. The Centre for Economics and Business Research, in one of its first…

Official forecasts indicate that Britain will continue to pay a record £30bn a year in benefits to those who don't have to work, even after Rishi Sundera's welfare reform. By the end of this decade, the amount of disability benefits paid…

Emmanuel Macron warned that the EU faces a "mortal threat" from the economic decline, the rise of illiberalism, and the return to war due to Russia's full scale invasion of Ukraine. In a address delivered at the Sorbonne University, on…

In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the profits at Lloyds Banking Group. The pre-tax profit at Britain's largest domestic lender fell by 28 percent to £1.63bn compared…

Indermit Gil says that tax burdens are reaching record levels, and the state is bloated. According to the World Bank's chief economist, Britain's bloated government has caused the country to look more like France rather than America.…

Bank of England warns that mounting pressure on the £6.5 trillion (£6.5 billion) private equity sector could lead to a crunch, which would cause banks to suffer large losses and trigger a crisis in the real economy. Regulators are…

The Bank of England is more likely to delay cutting interest rates later in the year if inflation falls slower than expected. This is due, in part, to the higher fuel prices. According to the Office for National Statistics, the pace of…

The number of workers who are out of work due to long-term illness has risen to a new record of over 2.8 million. Since the Covid pandemic began, economic inactivity (when an individual is not working and not seeking a job) has steadily…

After a dramatic drop in Champagne sales, the owner of Moet & Chandon and Krug has a post-pandemic 'hangover. LVMH, a French luxury goods company, saw its wine and spirits sales plummet 16pc to €1.4bn ($1.2bn), during the first…

Tesco will give a "thank-you" bonus to more than 220,000 workers after the profits of the supermarket rose by nearly 160 percent last year. The largest private employer in Britain announced that it will give out around £70 million, or…

Mel Stride says he will 'do what it takes' when the Fund calls for radical measures to combat unemployment The International Monetary Fund has urged Britain and other wealthy nations to reduce benefits and taxes in order to combat the…