Economic News
Global campaign urge UN to back total fracking ban
A global campaign formed by 450 activist groups and celebrities including Emma Thompson and Mark Ruffalo is urging the UN to back a total fracking ban to curb the effects of the climate crisis.
Cash spending falls behind credit card payments for the first time
Cash payments have dropped to third place behind debit and credit card spending in 2018 for the first time.
Bank of England stands pat on rates, warns over Brexit delay
The Bank of England stood pat on interest rates on Thursday, as widely expected, as it warned over the impact of slowing growth and Brexit uncertainty.
KPMG to cut hundreds of UK jobs
KPMG UK plans to make redundant about a third of its 630 administrative assistants in a wave of cost-cutting.
Climate crisis 'most important issue' for public, poll reveals
A survey commissioned by Hope not Hate revealed that the majority of the public recognise the climate crisis as an “emergency” and say politicians are failing to tackle the problem.
OECD predicts slowest global growth since GFC
Global economic growth is at risk of entering a new, lasting low growth phase if governments remain on the sidelines, according to the Organization for Economic Cooperation and Development.
US existing home sales rise more than expected in August
Sales of US existing homes rose more than expected in August, according to data from the National Association of Realtors.
Crown estate holds $25bn offshore wind farm auction
The crown estate has opened for the first time in ten years a leasing round for offshore wind farms that is expected to be worth $25bn.
UK retail sales unexpectedly dip in August
UK retail sales unexpectedly dipped in August, driven by a drop in online sales, according to data released by the Office for National Statistics on Thursday.