Economic News
IMF lowers global growth forecasts on trade, Brexit concerns
The International Monetary Fund (IMF) cut growth forecasts for the global economy for this year and next as it warned that an escalation of the China-US trade war or a hard Brexit could harm it further.
FCA fines Standard Life Assurance £30m over pension sales failures
The Financial Conduct Authority fined Standard Life Assurance £30. 7m on Tuesday, for failures related to non-advised sales of annuities.
FCA urges expansion of credit unions to protect consumers from payday lenders
The FCA urged the government to facilitate the availability of alternatives to high-cost credit in an update on Tuesday, saying it supported the expansion of credit unions to help vulnerable consumers.
UK manufacturing orders at worst level since financial crisis - CBI
UK manufacturing orders fell at their fastest pace in the three months to July since the financial crisis, according to the latest survey from the Confederation of British Industry.
Supermarket sales drop for first time since June 2016 - Kantar
Total grocery sales at Britain's big four supermarkets fell in the 12 weeks to 14 July, according to figures released by market research group Kantar on Tuesday.