Political News
NIESR cuts UK growth forecast and calls on Hammond to ease austerity
One of Britain's leading economic think tanks has reduced its forecast for economic growth and called on the chancellor to relax fiscal austerity where possible in next month's budget.
Ofgem says energy market competition weak, prices too high
Competition for household energy customers is weak and high prices paid by vulnerable people is unacceptable, the industry regulator said.
Puigdemont rejects claims he is seeking political asylum in Belgium
Former Catalan president Carles Puigdemont has denied he travelled to Brussels in order to seek political asylum in Belgium.
Brexit may lead to exodus of 75,000 finance jobs, BoE warns
As many as 75,000 jobs in the UK’s financial sector could be lost as a result of Brexit, officials at the Bank of England have reportedly warned.
RBS should have accepted criticisms, FCA's Bailey says
Royal Bank of Scotland should have accepted criticisms of its treatment of business customers made in a report, the head of the Financial Conduct Authority said.