Economic news and events


Energy firms rebuilding profits must use cash responsibly - UK’s Ofgem

The UK’s energy watchdog has urged suppliers to retain profits to protect consumers rather than dish it out to investors, as the energy crisis begins...

Tue, 04/07/2023 - 06:21


China says UK offering ’protection to fugitives’ from Hong Kong

China has accused the UK of giving protection to fugitives after its foreign secretary slammed Hong Kong’s decision to offer bounties for information leading to...

Tue, 04/07/2023 - 06:14


Drax power station could lose subsidies if not compliant - minister

Drax Group PLC’s biomass power plant could lose subsidies if it is found not to be complying with sustainability requirements, a minister has said.

The House...

Tue, 04/07/2023 - 06:09


TOP NEWS: UK manufacturing sees fall in output, orders and employment

The downturn in the UK’s manufacturing sector continued in June, according to survey data on Monday, as demand and output continued to fall.

The S&P...

Mon, 03/07/2023 - 09:59


UK Foreign Secretary Cleverly to hail UK-EU ties in Brussels speech

The UK foreign secretary will hail the ‘close and friendly’ co-operation between London and Brussels in a speech to EU parliamentarians.

James Cleverly is expected to...

Mon, 03/07/2023 - 09:11


Ireland factory sector shrinks by most in over three years in June

Ireland’s manufacturing sector saw its sharpest deterioration in over three years in June, as factories continued to cut back production in response to weak orders,...

Mon, 03/07/2023 - 07:19


TOP NEWS: UK house prices down 3.5% annually in June - Nationwide

UK house prices were flat in June from May, but remained down from a year before, according to Nationwide on Friday.

The building society said UK...

Fri, 30/06/2023 - 08:25


TOP NEWS: UK economy grew 0.1% in first quarter of 2023, 0.2% annually

The UK economy grew marginally at the beginning of 2023, official numbers released on Friday confirmed.

The Office for National Statistics confirmed UK gross domestic...

Fri, 30/06/2023 - 07:12


UK energy costs fall but bills still almost double pre-crisis levels

UK households will pay less for their gas and electricity from Saturday amid warnings that bills will still be almost double the amount they were...

Fri, 30/06/2023 - 06:01


Credibility of BoE at stake over inflation - former UK chancellor

The Bank of England’s credibility is ‘on the line’ in the face of stubbornly high inflation, Tory former chancellor Norman Lamont has said.

In the recent...

Thu, 29/06/2023 - 20:10


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