Economy

Investors who manage £1.7tn in assets have called on UK chancellor Rachel Reeves, to overhaul Britain's fiscal regulations to unlock billions more pounds for infrastructure projects. The group of Pension Investors, including Australia's…

Over 40 companies, including Ocado and the AA, have called for the Mayor of London not to expand the congestion charge on electric vans. Christmas Day 2025 will see drivers of electric cars in central London paying the same £15 per day…

Former Google boss Eric Schmidt is one of many high-profile executives who will be attending the first international investment summit organized by the Labour government. Schmidt, former Google chief executive between 2001 and 2011, will…

The Bank of England chief economist stated that interest rates should fall slowly and remain higher in the long term to combat stubborn inflation. This suggests a growing disagreement among central bank rate-setters. Huw Pill predicted…

Andrew Bailey said the Bank of England may become "a bit more aggressive" with its interest rate reductions if inflation continues decreasing. Analysts suggest the Bank might embark on successive rate cuts continuing through next year. The…

Banks and investment firms are increasingly worried about geopolitical risk, according to the Bank of England. This is due to the Middle East conflict. In its latest survey, the Bank polled 93 percent of firms who cited geopolitics to be…

The government is asking ministers to cut billions of pounds from infrastructure projects in the next 18-months, despite Rachel Reeves promising to invest more for the growth of the economy. Sources in the government said that members of…

Michel Barnier, France's new Prime Minister, warned that the repair of the degraded country's public finances would require years of "collective efforts" and announced "temporary targeted" tax increases on large businesses and the wealthy.…

Researchers from the Office for National Statistics reported that after gathering more detailed data about wages and business profits, the UK economy will grow three times faster than initially predicted by 2023. ONS announced on Monday…

The City of London is preparing for a "Halloween Nightmare on Aim Street", which could be announced at the budget meeting next month. Investors have been scared by fears that Treasury may consider cutting an "essential" tax relief which has…

Aston Martin Lagonda's new chief executive has forced the luxury carmaker to cancel its financial plans and reduce production for the year. Shares in the company have plummeted since the arrival of the new executive. The stock fell to a…

The audience fell silent as the Italian with grey hair and a sharp suit entered the packed conference in London. The Bank of America CEO Conference in Marylebone was attended by hundreds of delegates who knew this tall, perma tanned banker…

The Texan tycoon who led the bankrupt prison-builder ISG to bankruptcy has finally spoken out about the collapse of the company, with details emerging of a debt of $1 billion his firm owes Goldman Sachs. William Harrison III, former…

Rachel Reeves' plans, which are being developed by officials, will allow her to free up up to £50 billion for roads, housing, and energy projects, as well as other large-scale initiatives. The chancellor asked Treasury to examine changing…

Sir Keir has cleared the path for a large increase in capital expenditure at the Budget next month, after his government received the backing of Paris-based OECD reforms that boost growth-enhancing investment. In New York, Prime Minister…

The biggest sofa retailer in Britain has suffered a loss due to a combination of sluggish sales, delays on Red Sea shipping and increased debt costs. DFS Furniture reported that it had lost £1.7 million before tax for the 53-week period…

PwC's 1,036 UK-based partners received an average of £862,000 in profits for the year ending June. This is down from £906,000 a decade ago, when Britain's largest auditor invested in its business. Total revenue (which includes UK, Middle…

A leading international forecaster has given the UK economy the largest annual growth upgrade of the G7 in this year, a boost for the government's efforts to kickstart its economy. The Organisation for Economic Cooperation and Development…