Shadow business secretary said that Labour would prefer stability in the UK-Europe relationship than to try and accelerate economic growth through joining the EU’s customs union or single market. Jonathan
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The Bank of England warned that the uncertainty caused by the global wave of election, which will begin this coming weekend, could destabilise the UK financial system. Officials are worried
One of Britain’s largest infrastructure investors called Britain “a Banana Economy” with the ethos “Build absolutely nothing anywhere (or anyone)”. But he said that there was a large amount of
The low quality of high-street fashion contributes to the 30,000 containers of clothing, homewares and other goods that are thrown away by British consumers each year. John Lewis has launched
Fund managers say that a new Labour government can raise additional money from the bond market for investments without creating a Liz Truss style gilts crisis. If Labour wins the
According to an TUC report, UK households will rack up additional unsecured debts totaling more than 1,600 pounds sterling this year. This includes loans and credit card debt. According to
Bank of England will likely leave interest rates unchanged for the seventh consecutive time at its Thursday meeting, despite the fact that inflation has returned to the UK official target
Even though inflation is down to 2% this year, consumers are still cutting back on their non-essential purchases, including eating out, buying takeaway food and clothes. KPMG’s latest figures show
Labour’s plans to end Britain’s long term economic stagnation are supported by a group of economists including three Nobel Prize winners and a former Bank of England vice governor. The
Moody’s, the credit rating agency, has withdrawn its monitoring of Warrington Council due to its inability to secure an auditor who would sign off on its accounts. This is despite
In May, house prices in China fell at their fastest rate in nearly 10 years as an oversupply of properties hit the demand despite renewed government efforts to support the
DFS’ profits are being affected by the Red Sea disruption and slow demand for large-ticket purchases. The sofa retailer warned that it would have lower profits than expected due to
The London Court has dismissed Argentina’s appeal against a ruling which would have required it to pay $1.5bn to four hedge funds that bought its GDP-linked security. This is a
Goldman Sachs warned that tax increases are “inevitable”, as the legacy of quantitative ease from the Bank of England will be felt after the elections. The American Investment Bank has
According to a report by the Trades Union Congress, the UK has the highest rate of unemployment among the 38 richest countries in the world. The union group released a
According to a new study, hairdressers and takeaway restaurant have replaced clothing shops and banks in England and Wales. Public First, a policy research agency, argues in a report that
