Economy

Savills boss claims that the commercial property market has suffered more in the last year than even during the global economic crisis. In 2023, the property agent's profit collapsed as he was no longer able to find work. Investors chose…

The growth of the Danish economy last year was almost entirely due to Novo Nordisk Pharmaceuticals, the company behind the weight-loss injection. Statistics from Denmark's statistical agency reveal that the drug industry in the country,…

Imports of energy, which are expensive, contributed to a larger trade deficit than anticipated at the beginning of the year. The official figures show that the UK's trade deficit with the rest the world increased by £2.2 billion, to…

The Bank of England governor acknowledged that policymakers have a difficult time with inaccurate data. He admitted that he wished that they had accurate numbers on unemployment. Andrew Bailey said to an Italian audience that the UK job…

After gaining the support of the majority of EU member states, new laws designed to enhance the rights of gig workers in the EU who are contracted by companies like Uber were saved from oblivion. Last month, a group had blocked the…

Think tank warns that the shift in welfare benefits following the pandemic discourages unemployed people from seeking employment. A surge in the number of benefits being paid to those who don't have to work after the lockdown could lead…

Labour hired former Bank of England Governor Mark Carney, and Barclays boss to unlock billions of pounds of private investment. was forced to abandon a pledge to spend £28bn on green projects. Rachel Reeves has appointed Britain's top…

Brazil, Chile, and other major South American economies are calling on a US appellate court to reverse a record-breaking $16bn judgement against Argentina. The country was found to have violated shareholder rights last year when it…

Jeremy Hunt has cancelled plans for a scheme which would have allowed first-time home buyers to enter the housing market with a 1pc down payment, only days after it was revealed that the Treasury had considered the move. Treasury…

If he wins the election, the PM will pledge to keep the Tory Party's manifesto. If Rishi Sunak wins the next elections, he will keep the triple lock on pensions. This will make sure that payments keep pace with the cost of living for…

Jeremy Hunt has prepared an emergency Budget plan to scrap or reduce Britain's non-dom tax rules in the event he needed to raise billions to fund pre-election mass-market tax cuts. Treasury insiders say the chancellor is working on a…

The first drop in food prices since September has occurred this month, providing further evidence that inflationary pressures will continue to ease throughout the year. According to NielsenIQ and the British Retail Consortium's latest…

Harvey Jones is not likely to be able to provide you with a new, upscale kitchen for a long time. The Body Shop will no longer be the best place to buy ethically sourced creams. Burberry issued a profit warning while John Lewis closed…

Dominic Raab warned that unless Western governments are able to break China's stranglehold on critical minerals required for the green energy transformation, households will face higher bills. Former foreign secretary and deputy prime…

Barclays' chief executive has revealed a plan for reviving the bank's share price, which is currently in decline. The plan is to invest £30 billion in Britain in order to stimulate growth and deliver £10 billion to shareholders over three…

The Bank of England's ex-chief economist has cautioned policymakers about the risk of damaging the economy by maintaining high interest rates for an extended period. Andy Haldane, who was chief economist for seven years until 2021, said…

Last week, official figures revealed that the UK had entered a "technical recession" in the second half last year. The drop in Gross Domestic Product (GDP) was 0.3 percent in the fourth quarter after a 0.1 percent fall in the third.…

New analysis claims that Brexit will leave a gap of nearly £100bn for UK exports each year, which would make Britain's economy worse than if they stayed in the European Union. The UK's decision not to remain in the EU has led to a 30…