Economy

The new French government has begun to study options for taxing the wealthy and companies in order to reduce deficits while maintaining President Emmanuel Macron’s pro-business record. Antoine Armand is the finance minister of France. He…

The construction of Britain's very first laboratory skyscraper will begin on Tuesday in Canary Wharf (east London) with the goal of providing more space for scientists. A partnership between Canary Wharf Group, a Dutch developer and Kadans…

After a key activity measure fell for the fifth month in a row in September, economists warned that Germany's economy was stuck in a vicious cycle of stagnation. This month, the Ifo monthly business climate index fell from 86.6 down to…

The Bank of England governor has stated that interest rates will continue to fall slowly, even as inflation is brought under control. They are unlikely to return near zero rates of previous decades. Andrew Bailey was "very encouraged by…

Two separate surveys of businesspeople indicate that uncertainty ahead of Labour's first Budget since 2010 next Month is impacting the UK economy. S&P Global, a data company, said that the UK private sector growth in September slowed…

The US Federal Reserve is expected to cut interest rates again in November. This has led traders to increase their bets, boosting hopes that the US economy will avoid a recession. Investors think there is a 53 per cent chance that the Fed…

One of the largest sovereign wealth funds in the world has announced that it will not be investing in the UK’s regulated utilities for water, electricity and natural gas. This is a major blow to Labour’s hopes of attracting global…

After voting 8-1 to not change monetary policy, the Bank of England held interest rates at 5%. The nine-strong monetary committee announced that it would adopt a "gradual" approach to lowering the interest rates, as the inflation rate is…

According to the shadow monetary committee, Bank of England's interest rate should remain unchanged at 5% this month. It also needs to accelerate its gilt sales. The shadow MPC, which is responsible for deciding the interest rate on…

According to a report on Britain's missing workers, the UK workforce is shrinking faster than it has in the past 40 years, costing £25 billion annually and adding $£16 to fiscal pressures to the public finances. The UK has one of the most…

After the annual inflation rate in the UK remained at 2.2% in August, it is expected that Bank of England will keep interest rates unchanged on Thursday. Official figures reveal that consumer prices remained stable from July to August when…

US consumer spending was unexpectedly high in August despite a slowdown on the labour market.The US Department of Commerce Census Bureau reported that retail sales rose by 0.1 percent after a 1.1 percent increase in July which was upwardly…

A left-of centre think-tank said that the government should invest £15bn per year in a radical reform programme designed to improve national prosperity and wellbeing. The Institute for Public Policy Research said that the UK's worsening…

Kingfisher, the owner of B&Q, has increased its forecast for its lower end despite a weaker demand for high-ticket items. Its French business is also still struggling. As a result of signs that the housing market is improving in…

AllSaints has achieved another record-breaking year in terms of revenue and profit. The fashion retailer's sales and John Varvatos (its American subsidiary brand) rose by 0.6 percent to £459.5 in the 12 months ending February 3.…

According to a new analysis, the Bank of England's decision of selling back bonds to investors to reduce its balance sheet quickly could cost the government as much as £96 billion over the next few years. The New Economics Foundation…

Rachel Reeves was warned that closing the private equity loophole, which would raise at least PS500m, could lead to a mass exodus of rich individuals and reduce the revenue that the chancellor hoped to generate. EY, a professional…

The European Central Bank has cut interest rates a second year in a row amid growing concerns over a possible recession in the Eurozone. The 20 central banks that use the Euro lowered their main deposit rate on Thursday by a…