Economy

Jeremy Hunt warned the cabinet of the possibility that the tax cuts included in the spring budget could be less than expected due to "major structural weakness" in the economy. On March 6, the chancellor or prime minister will consider…

In a dispute between Lloyds Banking Group and a businessman worth £1.3 billion, the High Court will hear claims that the Bank of England encouraged manipulation of Libor. Ardeshir Naghshineh is suing Lloyds for allegedly "fraudulently…

CPI on track to reach Andrew Bailey's spring target - when will interest rate drop? Andrew Bailey is being pressed. Andrew Bailey is under pressure. Bailey warned that the last mile in the battle against inflation was the most…

Jeremy Hunt has begun preparing for a public sale of NatWest shares worth billions of pounds, which could happen as early as June. This would be reminiscent of Margaret Thatcher's privatisation policy "Tell Sid", ahead of a General…

China's central banks has cut the amount of cash required by banks to hold in reserve. They hope to increase the lending to businesses and households as they try to steer an economy that is still recovering. Pan Gongsheng (Governor of…

The number of businesses on the verge of bankruptcy has increased by a quarter over the last three months due to a "perfect storm" that includes higher interest rates, increasing costs and a downbeat consumer market. According to Begbies…

According to research, the Scotch Whisky industry contributed more than £7 billion in one year to the UK's economy and supported 66,000 jobs. The Scotch Whisky Association trade body said that 41,000 direct and indirectly jobs were…

A senior International Monetary Fund official warned that "exuberant" investor optimism could undermine hopes for a soft landing of the global economy. Gita Gopiath, the deputy managing director, said to delegates attending the World…

According to an initial estimate published on Monday, German output declined by 0.3 percent last year due to high inflation, rising rates of interest and increased energy costs. This made Germany's largest economy, Europe, one of the worst…

Some of the world's top economists warned this weekend that a prolonged conflict in Red Sea and the escalating tensions throughout the Middle East could have devastating effects on global economic growth, rekindling inflation and disrupting…

What is the name of an Italian restaurant which does not serve pizza? The jokes at the Edinburgh Fringe Festival in 2022 were based on the restaurant Gusto’s. The Italian restaurant did not serve pizza because there was no one to…

The boss of the bakery chain, Greggs, said that Britain was still a long way from reaching the "peak" of its sales. Investors formed a line for the shares of this high-street fast-food chain known for its steak bakes and sausage rolls.…

BlackRock warned that the prospect of pre-election tax reductions and spending promises could lead to a return of "bond vigilantes", and an increase in bond sales. The asset manager said that the investor appetite for debt in developed…

Investors may be unnerved by expensive election promises, which could increase debt costs. Rishi Sunak is embarking on a debt spree ahead of general elections , which will see Britain borrow £206bn in a record amount this year. Nomura…

The British manufacturers are confident that they will be able to expand the industrial sector of the country and turn the tide on history. Make UK, the industry association, has released a snapshot survey that shows manufacturing could…

The income tax revenue has risen by 70 percent since 2010, to £264 billion. This shows the dramatic increase in tax burden that successive Conservative governments have overseen since they came to power. HM Revenue & Customs figures…

Investors warn governments worldwide about "unmoored' levels of public debt. They say excessive borrowing promises made before elections could spark a bond market reaction. The US and UK are expected to issue the most government debt in…

Weight-loss injections could be the answer to record unemployment British workers are more sick than ever before. In 2022, nearly three out of every 100 hours worked were missed due to illness. This is the highest percentage since 2004.…