Former BP boss Bernard Looney forfeits £32m after ‘serious misconduct’
Thanks for joining me. Britain’s economy shrank by more than expected in October, according to the Office for National Statistics.Gross...
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Mortgages fall ahead of Bank of England’s rate decision
Aaron Strutt, of broker Trinity Financial, said lenders were passing on their falling borrowing costs – which are influenced by...
Britain at risk of being sucked into ‘spiral of debt’, says World Bank
Debt levels in other advanced economies are also ratcheting up. The International Monetary Fund recently warned that Joe Biden’s borrowing...
UK Economy Logs Unexpected Contraction
The UK economy unexpectedly contracted in October as higher interest rates took its toll on activity, adding to expectations that the Bank of England is close to interest rate cuts. Gross domestic product shrank 0.3 percent in October, partially offsetting growth of 0.2 percent in September, the Office for National Statistics reported Wednesday. The fall was the first in three months and confounded expectations for flat growth.Data suggests that the economy may go nowhere again in the fourth quarter or perhaps is in the mildest of mild recessions, Capital Economics'...
Thames Water doesn’t have enough money to pay back debt, admits boss
Thames Water does not have enough money to pay back its debt ahead of a looming deadline, the boss of...
There should be no shame in Britain’s ‘Paddington’ economy
So, instead we get a succession of speeches about how the UK is going to lead the charge into space...
US banking giant urges investors to stop betting against British property stocks – latest updates
Consumer prices in China fell at their fastest rate in three years in November as pork prices crashed and consumer...
I worked for the Bank of England – economic forecasts cannot be trusted
And there’s another, very troubling observation that modellers will be familiar with. If you keep adding possible variables into the...
Big money is finally abandoning a chaotic and inept Tory party
Meanwhile, Labour is attracting rising donations led by a £3m gift from Lord David Sainsbury, the former chairman of the...
Britain’s debt timebomb is about to explode – and politicians are too timid to defuse it
Other countries with debt limits have a similar story to tell. Denmark, for instance, has managed to avoid brinkmanship by...
