Economic news and events


Airlines fear UK plans for greener jet fuel could fail

UK ambitions to produce greener aviation fuel could fail without further financial support from the government, airlines have warned.

Tim Alderslade, chief executive of trade...

Wed, 12/10/2022 - 21:14


IMF warns against 'costly' tax cuts to fight inflation

Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through tax cuts, subsidies and price controls would...

Wed, 12/10/2022 - 16:09


67 more M&S shops to close as retailer accelerates stores shake-up

Marks & Spencer Group PLC has said it is seeking to speed up a major shake-up of its stores estate which will result in the...

Wed, 12/10/2022 - 15:58


UK PM Truss insists no spending cuts as economic turmoil continues

Liz Truss insisted she would not cut spending to balance the books as economists and the financial markets continued to question her plans.

The prime...

Wed, 12/10/2022 - 13:01


TOP NEWS: Bank of England confirms bond-buying scheme will end Friday

The Bank of England has confirmed that its bond-buying scheme that was introduced following new Chancellor Kwasi Kwarteng's mini-budget will come to an end this...

Wed, 12/10/2022 - 12:07


TOP NEWS SUMMARY: eurozone factory output rises but UK economy shrinks

The following is a summary of top news stories Wednesday.

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COMPANIES

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Renewable energy generators and nuclear power plants could have their revenue capped...

Wed, 12/10/2022 - 10:55


PRESS: BoE may extend gilt programme to avoid cliff-edge - FT

The Bank of England has privately signalled that it may be willing to extend an emergency UK government bond buying programme beyond this week, the...

Wed, 12/10/2022 - 08:20


TOP NEWS: UK GDP falls 0.3% on-month in August, worse than forecast

The UK economy registered a surprise decline in August, during what was a poor month for the consumer-facing sector, according to the Office for National...

Wed, 12/10/2022 - 07:17


UK PM Liz Truss to face MPs after mini-budget wreaks financial chaos

The UK prime minister faces MPs on Wednesday for the first time since Chancellor Kwasi Kwarteng's £43 billion mini-budget tax giveaway unleashed chaos in the...

Wed, 12/10/2022 - 05:48


TOP NEWS: Bank of England warns market support will end on Friday

The pound has fallen again after the Bank of England governor warned that its emergency support package for the markets would end on Friday.

The...

Wed, 12/10/2022 - 05:44


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