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Sunak's spending plans, tax cuts undeliverable, says IFS

UK Finance Minister Rishi Sunak’s plans to bring the budget into surplus through tax increases and spending cuts are undeliverable, an influential thinktank said on Thursday.

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EU threatens UK with legal action over post-Brexit trade arrangement

The European Union is threatening the UK with legal action over differences on their post-Brexit trade agreement and more specifically areas involving Northern Ireland.

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UK construction returns to growth as confidence builds

The UK construction industry returned to growth in February as an increase in commercial building helped offset a slowdown in housing, a survey showed.

capital & regional, retail, shopping
Retail footfall jumps as shoppers eye end of lockdown

Retail footfall rebounded in February, despite ongoing lockdown restrictions, industry data showed on Thursday.

03 Mar
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Sunak targets business to recover billions spent on Covid measures

UK Finance Minister Rishi Sunak on Wednesday unveiled tax rises for businesses and employees as he sought to claw back some of the billions spent on mitigating the impact of the Covid-19 pandemic.

03 Mar
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UK Budget: Reactions

UK Finance Minister Rishi Sunak on Wednesday unveiled his latest budgetary measures to deal with the impact of the coronavirus pandemic. The following is a a round-up of reactions from various industry lobbies and other parties.

03 Mar
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UK Budget: Brexit disruption to hit Q1 GDP by 0.5%

Brexit disruption at the start of the year will reduce British productivity by 4% over the longer term and hit first quarter GDP by 0. 5%, the Office for Budgetary Responsibility said on Wednesday.

03 Mar
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Wetherspoon rises but Sunak disappoints on pub support

Shares of JD Wetherspoon and Mitchells & Butlers rose after Chancellor Rishi Sunak provided limited support for the UK's pubs in his budget.

03 Mar
uk chancellor rishi sunak
UK Budget: Corporation tax to jump under Sunak's plan

In perhaps the most widely trailed budget ever, Rishi Sunak announced his increase in corporation tax as expected but the details were more of a surprise.

03 Mar
UK Budget: UK 2021 economic growth forecast cut to 4% - OBR

Economic growth forecasts for this year were cut to 4%, reflecting the impact of the latest national Covid-19 lockdown as Finance Minister Rishi Sunak unveiled his budgetary plan for the UK's recovery from the pandemic.

03 Mar
UK Budget: Sunak announces eight new freeports

The government will create eight new English freeports, chancellor Rishi Sunak confirmed in his budget on Wednesday.

03 Mar
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Growing confidence helps bolster UK services sector

The slowdown in the UK services sector eased last month, a closely-watched industry survey showed on Wednesday, as optimism continued to build on the back of the vaccine rollout programme.

03 Mar
European Central Bank, euro, ECB, eurozone, single currency
Eurozone economy on course for double-dip recession

The eurozone economy is on course for a double-dip recession as the coronavirus pandemic takes its toll, according to a survey released on Wednesday.

03 Mar
beijing skyline
China services sector growth slows to 10-month low

Growth in China’s services sector eased to a 10-month low in February, according to figures released on Wednesday.

03 Mar
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Lockdown weighs heavily on shop prices

Shop prices continued to ease in February, industry research showed on Wednesday, as locked down retailers looked to shore up sales by discounting goods.

02 Mar
Ofgem finds 18 energy suppliers failed to adhere to price protection rules

Energy regulator Ofgem found that 18 energy suppliers failed to correctly protect 1m customers' tariff prices when they decided to switch companies or tariffs.

02 Mar
European Central Bank, ECB, euro, eurozone, single currency
Eurozone inflation holds steady at 0.9%

Inflation in the eurozone was unchanged in February, official data showed on Tuesday, in line with expectations.

02 Mar
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UK grocery sales surge as lockdown shutters hospitality sector

Grocery sales surged over the last month, industry data showed on Tuesday, as the lockdown continued to curtail spending in cafes, pubs and restaurants.

02 Mar
UK house prices post surprise rebound in February - Nationwide

UK house prices have unexpectedly rebounded ahead of the planned end to the stamp duty holiday, industry data showed on Tuesday.

02 Mar
mina fresnillo
Higher prices boost Fresnillo, despite Covid-19 impact

Blue chip silver miner Fresnillo reported a jump full-year profits and revenues on Tuesday, supported by higher prices for precious metals, but remained cautious looking forward.