Economy NEWS

Big companies use apprenticeships to cut costs, according to report

Low-skilled jobs are being reclassified as apprenticeships by companies in a bid to gain subsidies for training workers, according to a report from the think tank Reform. The centre-right think tank says companies … Continue reading “Big companies use apprenticeships to cut costs, according to report”


Cold weather sees biggest drop in construction since 2009

The ‘Beast from the East’  cold snap in March saw the UK construction industry experience its biggest drop in activity since the aftermath of 2016’s Brexit vote, according to Reuters. An industry survey … Continue reading “Cold weather sees biggest drop in construction since 2009”


China announces tariff plans for US soybeans, cars and orange juice

China has outlined plans to increase import tariffs on American goods in response to US plans to levy higher taxes on Chinese imports, according to BBC News. Soybeans, cars and orange juice are … Continue reading “China announces tariff plans for US soybeans, cars and orange juice”


Brexit fears dent confidence in financial sector

Brexit has had a stronger impact on Britain’s financial sector than the global financial crisis, according to a survey reported by Reuters. Although the financial crisis sent some of the world’s biggest banks … Continue reading “Brexit fears dent confidence in financial sector”


IFS report: ‘very small’ impact of tariff cuts post-Brexit

A report from the Institute for Fiscal Studies (IFS) has said consumers may see prices fall by up to 1.2% if Britain decides to abolish all tariffs following Brexit, according to BBC News. … Continue reading “IFS report: ‘very small’ impact of tariff cuts post-Brexit”


Fed reveals interest rate rise

The US central bank has announced an interest rate rise to a target range of 1.5% to 1.75%, according to BBC News. The Federal Reserve said the 0.25% change was being made to … Continue reading “Fed reveals interest rate rise”


Only 10% claim National Insurance top up for relatives providing childcare

Up to 90,000 older people are missing out on a top-up added to State Pensions, according to BBC News. The Adult Specified Childcare Credit is available for those who look after young children … Continue reading “Only 10% claim National Insurance top up for relatives providing childcare”


UK construction sector growth fell 3.4% in January

UK construction output fell 3.4% in January 2018 compared to December 2017, the largest monthly decline since June 2012, according to the Office for National Statistics (ONS). The ONS said that weak growth … Continue reading “UK construction sector growth fell 3.4% in January”


Ofgem rule change for energy network company investments

New rules from energy regulator Ofgem could see UK consumers save £5bn on bills over five years, according to BBC News. The energy watchdog wants to reduce the amount customers pay towards improving … Continue reading “Ofgem rule change for energy network company investments”


Halifax figures confirm UK house price slowdown

The latest Halifax house price figures show that growth is continuing to slow, according to Best Advice. In the three months leading to February 2018, prices were 1.8% higher than the three months … Continue reading “Halifax figures confirm UK house price slowdown”


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