Chinese electric vehicle prices are tumbling, but 38-year-old Beijinger Rio Liu is loath to part with cash for the new car he badly wants for his young family. For a
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The first-ever increase in disability claims following the lockdown will see Britain’s benefits bill for working age reach £100bn this year. According to the Department for Work and Pensions’ (DWP)
Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods
The pace of inflation in China is the lowest since the financial crisis. This has led to concerns about the weakening demand in the second largest economy in the world.
As the “pendulum is swinging back to brick-and-mortar retailers”, the number of online-only retail stores going bankrupt has reached a new record. Price Bailey reports that 615 companies went bankrupt
The jobless crisis in Britain is more serious than thought. New estimates reveal that over 400,000 people have left the workforce due to long-term illness at a record high. According
More than £1 trillion of the nation’s savings is sitting in accounts earning less than 2 per cent, while the base interest rate is 5.25 per cent, according to an
Over 80 percent of British firms expect to raise the prices of their products and services in the next two-year period, raising concerns that inflation won’t fall back to Bank
Jeremy Hunt ordered a review of the so-called tourist tax, the clearest indication yet that the Treasury could be on the verge of a major policy reversal which would give
The Bank of England said that borrowing costs had peaked, and inflation would fall to the target of 2% in the spring. Andrew Bailey, governor of the state, stated that
Sky will cut 1,000 jobs due to the shift from traditional satellite pay TV to streaming services. This is the latest round of redundancies that has hit the UK media
According to official statistics, corporate insolvencies in England & Wales reached their highest level in 1993 last year. This highlights the challenges faced by companies due to a slowing economy
Germany’s economy contracted by 0.1% in 2023. This means that it is almost certain to have had the worst performance of the G7 club. The largest economy in Europe has,
Jeremy Hunt warned the cabinet of the possibility that the tax cuts included in the spring budget could be less than expected due to “major structural weakness” in the economy.
In a dispute between Lloyds Banking Group and a businessman worth £1.3 billion, the High Court will hear claims that the Bank of England encouraged manipulation of Libor. Ardeshir Naghshineh
CPI on track to reach Andrew Bailey’s spring target – when will interest rate drop? Andrew Bailey is being pressed. Andrew Bailey is under pressure. Bailey warned that the last
