Economic News
UK economic growth gap will shrink between London and regions
UK growth is set to be more balanced across the country over the next three years up to 2021, research from EY has revealed.
May pulls Commons vote on Brexit deal
Prime Minister Theresa May called off a crunch vote on her Brexit deal in Parliament set for Tuesday after it became obvious that it would result in a massive defeat which some observers said might even destabilise her government.
DCMS launches new inquiry on the growth of addictive tech
The Digital, Culture, Media and Sport Committee has started a new inquiry into the growth of ‘immersive and addictive technologies’.
New FRC guide aims to improve governance in private companies
New guidance for the corporate governance of large private companies has been published by the Financial Reporting Council on Monday, aiming to encourage a wide range of companies to increase transparency and build public trust.
Investors warn governments to cut coal use or face financial disaster
Over 450 asset managers present at the UN's climate change summit in Poland called on governments to cut coal use and place certain taxes on carbon emissions in order to tackle climate change.
ECJ rules UK can unilaterally stop Brexit process
The European Court of Justice on Monday ruled that the British government can unilaterally reverse its decision to leave the European Union without the consent of other bloc members.
GDP stays sluggish after manufacturing dive
UK economic growth remains super sluggish, official figures confirmed on Monday, held back by an unexpectedly steep decline in manufacturing activity.
Retail sales slump in November as Black Friday hits high street
Retail sales in the UK slumped in November as online Black Friday deals tempted shoppers away from the high street, according to figures released by the British Retail Consortium and Springboard.
New US tariffs on China 'ill-timed', Oxford Economics says
The incipient trade war between the US and China will lead to only a slight reduction in growth in those two countries over the short-term, but may carry with them much broader economic consequences, including sowing the seeds for a global slowdown, according to a top consultancy in the City.
BoJ decides to stay put on policy
The Bank of Japan decided to keep all its main monetary policy settings unchanged at the end of the week and continued to predict steady growth.