Economic news and events

UK Chancellor accused of squandering £11 billion in debt payments

UK Chancellor Rishi Sunak has been accused of wasting £11 billion of taxpayers' money by paying too much in interest servicing the government's debt.


Fri, 10/06/2022 - 06:22

UK PM warns of ‘wage-price spiral’ if pay packets rise with inflation

UK Prime Minister Boris Johnson warned of a 1970s-style ‘wage-price spiral’ if pay packets increase in line with soaring prices as he set out an...

Thu, 09/06/2022 - 21:58

TOP NEWS SUMMARY: China exports rebound but new lockdown is imposed

The following is a summary of top news stories Thursday.




British American Tobacco maintained its annual revenue guidance but still expects global...

Thu, 09/06/2022 - 10:40

LONDON BRIEFING: BAT says global tobacco industry to shrink 3% in 2022

British American Tobacco on Thursday said its transformation continues at pace, with strong revenue and volume growth in all three New Categories driving share gains...

Thu, 09/06/2022 - 08:27

UK economic growth set to ‘grind to a halt,’ business group says

Economic growth in the UK is expected to ‘grind to a halt’ this year before falling briefly into negative territory, a business group is warning....

Thu, 09/06/2022 - 06:08

TOP NEWS SUMMARY: OECD and World Bank cut global growth forecasts

The following is a summary of top news stories Wednesday.




Credit Suisse guided for a loss in its second quarter, as the...

Wed, 08/06/2022 - 11:11

TOP NEWS: UK construction sector growth wanes and confidence falls

The UK construction sector saw its slowest expansion since January in May, figures on Wednesday showed, amid a weaker month for the housing sector as...

Wed, 08/06/2022 - 10:28

LONDON BRIEFING: Aveva warns of rising costs, slowing revenue growth

Aveva on Wednesday said it delivered a ‘solid’ set of results for financial 2022 as the industrial software provider recovered following disruption caused by the...

Wed, 08/06/2022 - 08:11

TOP NEWS: UK house prices hit new record as inflation casts shadow

UK house prices surged to fresh record highs in May, but growth was showing signs of slowing amid inflationary pressures, according to mortgage lender Halifax...

Wed, 08/06/2022 - 08:03

UK Chancellor Sunak reaffirms pledge to cut business taxes in autumn

UK Chancellor Rishi Sunak has reaffirmed his commitment to cut taxes for business later in the year as the government seeks to get back on...

Wed, 08/06/2022 - 06:10