Economic News
Manufacturers warn of 'disastrous' impact of govt immigration plans
A leading manufacturing organisation has warned that the government’s proposed immigration caps will have a “disastrous” effect on the sector.
UK strikes deal to retain WTO procurement membership after Brexit
Britain has secured a deal to remain within the World Trade Organisation’s Government Procurement Agreement (GPA) after the nation leaves the European Union.
US pending home sales bounce back strongly in January
US pending home sales bounced back much more strongly than expected in January after hitting a near five-year low the previous month, according to data from the National Association of Realtors.
Pakistan claims to have shot down two Indian jets over Kashmir border
Pakistani officials claimed the country's armed forces had shot down two Indian jets on Wednesday over its own territory, capturing at least one of the pilots.
UK hiring confidence falls, with retail workers suffering most
Recruiters' confidence in the UK economy has declined to the lowest since the EU referendum.
EU backs stiffer supervision of third-country investment firms
European Union member states have agreed on tighter supervision of foreign investment firms, in a move which will give Brussels greater power over City firms post Brexit.
Ineos to invest £1bn in Forties pipeline, Grangemouth refinery
Petrochemicals company Ineos has announced plans to invest £1bn in overhauling its UK oil and gas pipelines, expanding its refinery and building a new chemicals plant.
UK shop price inflation hits highest point since March 2013
Shop prices have reached a six-year high, data published on Wednesday showed, as retailers started to pass the cost of a weaker pound and higher oil prices onto consumers.