Economic News
May hopes to cement post-Brexit trade ties in China visit
Theresa May is to embark on a three day visit to China to boost post-Brexit trade and investment ties with the largest-ever UK trade delegation comprising over 50 business leaders.
London alone 'could generate £166m per year' from taxing cannabis
New York and London could generate significant tax revenue if cannabis was made legal, according to a new study detailing the cost of marijuana in 120 cities across the globe.
Shire and ABB strike deal to develop and commercialize autoimmune diseases treatment
Shire Pharmaceuticals and AB Biosciences have struck a deal to develop and commercialise ABB’s PRIM Program to treat autoimmune diseases and other immune-mediated disorders.
US consumer confidence rises in January
US consumer confidence rose in January following a drop the month before, according to data released on Tuesday.
US house price growth accelerates in November - S&P Case-Shiller
US house price growth accelerated in November, according to the S&P/Case-Shiller National Home Price Index.
Wednesday preview: Eurozone CPI and FOMC statement in focus; SSE, Britvic results
Wednesday's business agenda includes Janet Yellen’s last Federal Reserve policy statement as chair, critical eurozone inflation numbers, UK consumer confidence and updates from SSE and Britvic.
Interest-only borrowers at significant risk of losing their homes, warns FCA
The Financial Conduct Authority has urged lenders to do more to help borrowers on interest-only loans, warning that a “significant number” are at risk of losing their homes.
BoE figures show drop in mortgages as housing market slows
The number of new mortgages fell sharply in December as the housing market slowed down, Bank of England figures showed.
Eurozone grows at strongest rate since before financial crisis
Eurozone economic expansion continued at a lively pace at the end of last year so that 2017 recorded the best economic growth in the region since before the global financial crisis, while a survey of economic sentiment indicated more is to come.
Brexit will make Britain worse off, government analysis shows
Britain will be worse off under all plausible scenarios when it leaves the EU, confidential analysis produced for the government shows.