Economic News
Italy PM Conte seeks budget breakthrough as Salvini repositions on EU
Italian Prime Minister Giuseppe Conte is seeking to present revised budget figures in order to end a deadlock with the European Commission in a meeting on Wednesday, a source told Reuters.
Germany willing to extend EU rights to UK banks to avoid disorderly Brexit
Germany is attempting to avoid a disorderly Brexit that will generate market turmoil in Europe by offering a last minute lifeline to UK banks and allowing them to maintain their EU rights after the divorce.
US CPI slows in November as expected
The cost of living in the US declined last month, as expected, as energy price inflation ebbed.
Slowdown in global growth 'healthy and necessary' - S&P
A slowdown in world growth next year should be welcomed as both “necessary and healthy”, argues S&P Global Ratings in its latest economic report.
TUC calls for investment in manufacturing and high-tech jobs
The TUC has called for the government, businesses and trade unions to work together to create 1m more manufacturing and hi-tech jobs across the UK by 2030.
Over a quarter of UK households struggling with slow broadband
Over a quarter of UK homes struggle with their broadband speed of less than 10Mbps and only 56% of households are aware they could access superfast broadband.
City watchdog outlines plans to open up patient capital
The Financial Conduct Authority is proposing a series of changes to the patient capital market to enable more retail investors to buy into long-term assets.
Airline industry to enjoy tenth year of profits in 2019 - IATA
The airline industry will see profits take off for the tenth year in a row in 2019, according to the International Air Transport Association, as oil prices soften and the global economy expands.
Remortgaging soars as homeowners lock in low interest deals
The number of people remortgaging rose to its highest level for nearly a decade, as homeowners took advantage of an increasingly competitive market to lock in low interest rate deals.
One third of government's expenditure goes to external suppliers
The UK government spends around one third (£284bn) of its total budget with private companies and could risk being unable to abandon current procurement arrangements even if politicians so wished, a new report has found.