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Economy
IMF warns Trump’s trade tariffs may damage the global economy, but it also upgrades UK outlook
The International Monetary Fund warned that the tariffs proposed by Donald Trump, the US presidential candidate, could harm global growth and upgraded its forecasts for the UK's economy.
The Washington-based organization said that…
Halfords warns budget concerns make the near-term outlook “uncertain”
Halfords Group warns that consumers are delaying purchases of expensive items due to the uncertainty surrounding the economy, and the upcoming tax changes in next week's budget.
Like-for-like, the retailer and repair shop that sells…
The UK government’s borrowing surged from £16.6bn to £16.6bn during September
The government has borrowed more than official estimates by £6.6 billion this year. This shows the fiscal squeeze facing Rachel Reeves ahead of the next budget.
The Office for National Statistics has published figures showing that the…
IMF raises forecast for UK economy to 1.1% growth
The International Monetary Fund has given the UK one of the largest growth upgrades of any advanced country this year. This is a great boost for chancellor Rachel Reeves as she prepares to present her first Budget.
The Washington-based…
Gold prices continue to record highs amid geopolitical tensions
Gold's price has continued its strong rally, and reached a new high. Investors have flocked to gold as a safe-haven asset amid the expectation of more interest rate cuts by central banks.
Bullion reached a new record price of nearly…
UK interest rates could fall to as low as 2.5% in the coming year
Goldman Sachs forecasts that the Bank of England will cut interest rates faster than investors expect over the next 12 months.
Researchers from the Wall Street Investment Bank said that UK's real underlying interest rate has increased to…
Why Aim could become a self-fulfilling loop
Aim has had a gruesome few weeks. The junior share market, which is lightly regulated and houses 700 British listed companies, is a place of horrors. Rachel Reeves' budget, due next week, could eliminate the inheritance tax exemption, which…
Make UK support Labour’s Industrial Strategy
An engineering bosses' group forecast that a well-executed Industrial Strategy could spark billions of pounds in investment to bring manufacturing back to Britain.
According to a survey conducted by Make UK, the leading trade association…
The European Central Bank has cut interest rates a third time in a year
The European Central Bank has reduced its interest rates for the first time in over a decade. It has lowered its key rate 25 basis points to help support a weakening eurozone economy. The bank has lowered its main deposit rate from 3.5 to…
What is the impact of falling inflation on borrowers and savings?
The Bank of England has predicted that the base rate will be further reduced this year due to a larger-than expected fall in consumer price inflation. This is good news for homeowners.
CPI dropped from 2.2% in the previous year up to…
Goldman Sachs’ traders’ winning streak drives surge of profits
Goldman Sachs profit increased by 45 percent to $3 billion, the best quarter in equities since 2021. This is a sign of optimism for the strength and stability of the American economy.
The US investment bank was able to beat analysts'…
Elon Musk is not banned from the UK Investment Summit, according to cabinet minister
A cabinet minister said that Elon Musk could be invited to future UK investment summits, provided he has investment programs the UK can bid for. This was before a major London business event. The remarks were made as a group private equity…
Reeves: Cut regulations to help Britain grow
Their bosses said that the top five British banks could help the government achieve growth and prosperity if they were shielded from additional regulations.
HSBC, Lloyds, Santander, NatWest, Barclays and NatWest leaders called today for…
Big banks and companies say that Britain is ready to invest.
Before the start of important business talks in London, the biggest banks and corporations around the world said that Britain was ready for investment. It also has "a very real opportunity" to expand its economy.
Five of the largest…
The 2025 Budget of French PM Michel Barnier includes shock therapy
In an effort to reduce its growing deficit, the French government proposed a budget that would cut spending by €60bn and increase taxes on wealthy companies. Prime Minister Michel Barnier made tackling France's 'colossal' public debt his…
Mark Carney: Change the fiscal rules so that the assets of the nation are included
Mark Carney, former governor of Bank of England has given his support to Labour's proposal that the national debt be recalculated by including assets. He argues that this will stimulate an economy "starved of investment".
Carney, in his…
Financial Times records record readership
The Financial Times reported a record number of paying readers at 1.4 million, although profits dropped sharply because of higher costs.
Business publication reported that the pre-tax profit for the year ended December 2012 was £3.9m,…
Chinese stocks have their worst day since the pandemic
Chinese stocks fell the most in a single day since the pandemic, amid fears the government's measures to revive the second largest economy of the world will fail.
The Shanghai Composite Index, China's benchmark index, dropped 6.6% on…