Economy

The recent budget announcement could prove to be the breaking point for many struggling UK businesses, according to Ric Traynor, executive chairman of leading corporate restructuring firm Begbies Traynor. The chancellor's decision to…

The European Union's cherished welfare state system faces mounting pressure as persistent economic decline threatens its sustainability, according to European Central Bank President Christine Lagarde. Speaking in Paris on Monday, she…

Sir Keir Starmer's recent meeting with Chinese President Xi Jinping at the G20 summit in Rio de Janeiro marks a significant shift in UK-China relations. The British Prime Minister's pledge to build "consistent, durable, respectful"…

The world's largest lithium producer, Albemarle, has declared that establishing a North American and European supply chain to challenge China's dominance in critical minerals is economically unfeasible. Chief Executive Kent Masters…

The looming spectre of Donald Trump's proposed global tariffs presents a significant challenge for British trade policy. The former president's campaign promise to implement sweeping tariffs of 10-20% on all imports, including those from…

The Bank of England's ability to make crucial interest rate decisions is being severely hampered by unreliable labour market statistics, according to Governor Andrew Bailey. Speaking at London's Mansion House, Bailey highlighted this…

In a significant development at the annual Mansion House dinner, Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey have jointly emphasised the urgent need to rebuild Britain's economic ties with the European Union. Their…

Spain's remarkable economic performance stands in stark contrast to its European neighbours, achieving the highest growth rate among advanced economies with a 3.4 per cent year-on-year expansion in the third quarter of 2024. The Spanish…

The UK's financial landscape is poised for a significant transformation as Chancellor Rachel Reeves announces plans to consolidate the country's local government retirement schemes into eight substantial pension "megafunds". This bold…

In a surprising development, the chief executive of Saudi Arabia's ambitious $500bn Neom project, Nadhmi al-Nasr, has been removed from his position after six years at the helm of Crown Prince Mohammed bin Salman's flagship development.…

British Steel has announced its commitment to maintain blast furnace operations at its Scunthorpe facility beyond the Christmas period, marking a significant development in ongoing discussions regarding government support for…

The British hairdressing industry faces a severe crisis as approximately 40% of hair salons are at risk of closure following the devastating increased employment costs announced in last month's budget. The alarming situation stems from the…

Spain's government has unveiled a substantial €10bn aid package to address the catastrophic flooding that has claimed 217 lives in the country's southeastern regions, with Prime Minister Pedro Sánchez emphasising that "climate change…

Britain's local government pension schemes are poised for a significant transformation as Labour's Rachel Reeves pushes forward with ambitious plans to consolidate £354 billion worth of assets. The initiative aims to create a behemoth…

The recent £26 billion increase in national insurance contributions announced by Chancellor Rachel Reeves has cast a shadow over the UK's nascent employment recovery, with industry experts warning of potential job losses and cancelled…

Bitcoin rocketed to unprecedented heights on Monday, surpassing £81,000 amid growing optimism that Donald Trump's return to the presidency will herald a new era of cryptocurrency deregulation in the United States. The premier digital…

Hong Kong's equity markets experienced a significant decline on Monday following Beijing's announcement of a fiscal stimulus package that failed to meet investor expectations. The Hang Seng index, widely regarded as a key indicator of…

Political leaders across developed economies are grappling with persistent public discontent over high prices, despite inflation rates returning to normal levels. The unprecedented surge in living costs has created a toxic legacy that…