Economy NEWS

Rise in UK consumer spending

UK consumer spending in September rose at the fastest rate so far in 2017, with the exception of a peak in April around Easter, according to Reuters. A survey revealed that  price rises … Continue reading “Rise in UK consumer spending”


Legal & General invests £40m into employee loan fintech startup

Legal & General has invested £40m into a fintech startup that partners with employers to offer loans to workers, according to Business Insider UK. SalaryFinance was started by Dan Cobley, former MD of … Continue reading “Legal & General invests £40m into employee loan fintech startup”


Amazon to be hit with €13bn EU back tax claim

The European Union is set to claim millions of Euros from Amazon in back taxes, according to the Financial Times. The EU’s competition commissioner Margarethe Vestager has been leading an investigation into the … Continue reading “Amazon to be hit with €13bn EU back tax claim”


British sugar industry set to boom following quota removal

The UK sugar industry is set to increase production as 50-year-old European Union quotas come to an end, according to BBC News. The quotas were agreed in 1968. They restrict the amount of … Continue reading “British sugar industry set to boom following quota removal”


Annual immigration into the UK to fall 100,000

Brexit is set to reduce annual immigration into the UK by 100,000 even if talks with the European Union result in a smooth deal, according to economists from Bank of America Merrill Lynch … Continue reading “Annual immigration into the UK to fall 100,000”


MOU signed in ThyssenKrupp/Tata Steel merger

The first step has been taken towards merging Tata Steel and Thyssenkrupp, in a move which would create Europe’s second-largest steel group, according to BBC News. The two companies have been discussing a … Continue reading “MOU signed in ThyssenKrupp/Tata Steel merger”


London house prices down 2.9% on the month

UK house prices fell 1.2% on the month in September, with a decline of 2.9% in London, according to figures released by Rightmove. The price drop is the first monthly fall for the … Continue reading “London house prices down 2.9% on the month”


South Wales to get zero-emission black cab plant

Norwegian aluminium company Sapa has announced plans to invest £9.6m in an automotive plant in Caerphilly, Wales in order to produce a new generation of eco-friendly London black cabs. The new plant will … Continue reading “South Wales to get zero-emission black cab plant”


John Lewis Partnership profits fall 53.3%

Profits of the John Lewis Partnership have fallen more than 50% following a major programme of restructuring and redundancies, according to the BBC. A £56.4m transformation programme meant that profits before tax fell … Continue reading “John Lewis Partnership profits fall 53.3%”


Economists do not expect interest rate rise until 2019

A survey of economists has revealed that UK interest rates are not expected to rise until 2019, despite inflation being above the Bank of England’s target. A BBC survey found that the majority … Continue reading “Economists do not expect interest rate rise until 2019”


Navigate Articles by Page ....

1 2 3 23