Economy

Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month. The chancellor plans to visit New York early in August to meet with some of America's largest investment firms. A one-on-one…

Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal in order to save it. Tapi, a rival flooring chain that he co-founded later, purchased the Carpetright trademark,…

The boss of Longchamp, who called for the reinstatement of tax-free shopping in Britain, warned that Britain was losing out on tourists with high spending habits. Jean Cassegrain said that the resurgence of tourism in London was "less…

The UK wage growth in May slowed to its lowest level in the past two years, amid a cooling job market. This highlights the challenges facing the Bank of England in deciding whether or not to reduce interest rates. The Office for National…

The Bank of England is debating whether or not to reduce interest rates in the next month. This slowdown in wage growth in Britain in May was the lowest in almost two years. According to official figures, the average weekly income,…

The pound reached a new high against the US dollar, as traders re-wrote their bets about a rate cut by the Bank of England in the next month. The pound rose 0.45 percent against the dollar, to $1.30. This is the highest level since July…

The International Monetary Fund upgraded its growth forecasts for the UK's economy in this year. This is a major boost to the Labour Government, just weeks after the General Election. The Washington-based fund stated that the UK is on…

Goldman Sachs' chief executive hailed "the early innings of a recovery in capital markets and M&A" after the investment firm announced that its quarterly profit more than doubled from the previous year. The American Investment Bank,…

One of Bank of England’s doveish rate-setters called for interest rates to be cut in order to reduce the cost of living, and because inflation is on a “firm downward trajectory”. Swati Dhingra is an external member on the monetary…

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…