US wholesale inflation cooled in July in sign that price pressures are continuing to ease
WASHINGTON (AP) — US wholesale inflation cooled in July in sign that price pressures are continuing to ease.
WASHINGTON (AP) — US wholesale inflation cooled in July in sign that price pressures are continuing to ease.
Four million pensioners living alone face a fresh tax raid after Labour scrapped the winter fuel allowance, Sir Keir Starmer has hinted.
The chancellor's claim of a £22bn "black hole" in government finances was "unnecessary and probably unhelpful economically", a former Bank of England chief economist has said. Ms Reeves made the claim within weeks of taking office in what was widely seen as a warning that her first budget in October would be a painful mix of spending cuts and tax rises. Mr Haldane said he hoped the government did not pursue a path of austerity - but warned wealth taxes also posed a risk to the economy.
Prices for bread have jumped so much over the last few years that Russian pensioner Oleg Ivanovich sometimes has to go without.When the special military operation ends, prices will return to normal," he told AFP in Moscow, using the official Russian term for the offensive.
Advisors have been tasked with overcoming what has been dubbed 'the greatest employment challenge for a generation'
The latest RICS residential market survey showed that buyer demand and sales activity had also been on the rise in August.
Sir Keir Starmer has refused to confirm or deny whether he plans to scrap the single-person household council tax discount.
BEIJING (Reuters) -Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals and investments. European Union members such as Germany, Finland and Sweden that have not pushed for the tariffs would feel less impact, with little exposure to the export items singled out by China. China's tactics appear to be working.
British families face an additional £40bn of tax rises or spending cuts every decade to avoid a “spiral” of public debt, the Government’s tax and spending watchdog has warned.
The ECB lowered its main interest rate to 3.5%, in a widely anticipated cut.
Protest letter sent to fund’s head over move to send staff to Moscow for first review since invasion of Ukraine
(Bloomberg) -- The government’s latest predictions for Russia’s economy through the rest of President Vladimir Putin’s current term suggest it will be in good shape by the next election. The optimism may be too good to be plausible amid intensifying sanctions and Russia’s continuing war on Ukraine. Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFrom Louisville, a Push to Plant Trees for Public HealthFor T
(Bloomberg) -- Several European Union nations are challenging International Monetary Fund chief Kristalina Georgieva about the Washington-based lender’s plan to engage with Russia on economic issues for the first time since the invasion of Ukraine. Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceFrom Louisville, a Push to Plant Trees for Public HealthAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Highe
Sooner or later the British government is going to face a reckoning on the national debt.
The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.View on euronews
CNN’s Anna Stewart walks us through the reasons for economic caution, as the European Central Bank lowers borrowing costs for the second time in recent months.
Andrea Leadsom is still trying to claim Labour inherited "the fastest growing economy in the G7".
Durham County Council has issued an urgent plea for extra government funding to protect front-line services.
The European Central Bank (ECB) has moved to cut borrowing costs again as the inflation threat continues to abate while economic growth falters. The main deposit facility rate was reduced - as it was in June - by 0.25 percentage points to 3.50%. The move was widely flagged and anticipated by financial markets though reaction in the money sphere was muted due to a lack of guidance from the ECB on its likely future path for rates.
Reel Cinemas has said the evolution of its business model is “critical for its long-term survival” after its profit was slashed during its latest financial year. The Leicestershire-headquartered independent chain added that it is optimistic for the despite rising costs and the industry remaining “challenging”. The admission comes in newly-filed accounts with Companies House which
STORY: Thailand's new Prime Minister Paetongtarn Shinawatra outlined her government's policy agenda on Thursday.It was headlined by plans to give away $13.4 billion in handouts to jumpstart the economy."The government will push to stimulate the economy, build trust and encourage spending in line with mitigating the people's burden and costs, as well as increase job opportunities where we will give priority to the most vulnerable group first."Paetongtarn's cabinet was sworn in this month.Her policies include debt restructuring and legalizing casinos to draw in investment and more tourists.Paetongtarn said Thailand faced challenges with structural economic problems, and vowed to act with urgency to stimulate growth.But the Prime Minister gave no update on how or when the handout of $300 to 50 million people would be rolled out.The government had said this week it would distribute $4.2 billion of the programme to support vulnerable groups later this month.The scheme has been criticized by economists and former central bank governors as fiscally irresponsible.But the government rejects that argument, despite struggling to find sources of funding.Ministers insist the policy is necessary to energize the economy as it struggles to grow compared to regional peers.