Welsh ministers’ finances transformed, say experts
Increases in public spending by Chancellor Rachel Reeves have “transformed” the Welsh government’s budget, finance experts have said.They say it should allow for a
UK must rebuild post-Brexit relations with EU, says Bank boss
The UK must “rebuild relations” with the EU “while respecting the decision of the British people” who voted to leave in 2016, the Bank
Inflation progress stalls in US in October
Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall.Consumer prices rose 2.6% over the 12 months to
Unemployment rises as pay growth slows again
The UK’s unemployment rate has risen, official figures suggest, while pay growth continues to slow.The rate of unemployment stood at 4.3% in the three
Trump tariffs could cost UK £22bn of exports
The UK could face a £22bn hit to its exports if Donald Trump imposes a blanket 20% tariff on all imports into the US,
China is trying to fix its economy – Trump could derail those plans
China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency.The country plans to tackle
US central bank boss says Trump can’t fire him
The head of the US central bank has hit back at speculation that his post might be in jeopardy as Donald Trump prepares to
Investors’ reaction to Budget ‘very different’ to Truss
Rachel Reeves’ Budget is “very, very different” to the Liz Truss mini-Budget of two years ago, according to a senior government minister.Chief Secretary to
US jobs growth slows sharply as election looms
Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy.Employers added 12,000 jobs last month, much lower than
Budget boost to UK economy forecast to fade after two years
The Budget will only “temporarily boost” the economy, according to official forecasts, throwing into question the government’s promises to reboot growth.The pace of growth
US economy growing despite voter angst
The US economy grew solidly in the three months to September, expanding at an annual rate of 2.8%.Despite there being a slight slowdown from
Employers’ National Insurance hike to raise £20bn
The chancellor is set to increase the National Insurance rate for employers to boost funding for public services including the NHS.Rachel Reeves is also
What taxes might be raised in the Budget?
Chancellor Rachel Reeves has warned that her first Budget will involve “difficult decisions” on tax, spending and benefits.Shortly after Labour took power, Reeves said
Chancellor to change debt rules to release billions
The government will change its self-imposed debt rules in order to free up billions for infrastructure spending, the chancellor has told the BBC.Rachel Reeves
UK borrowing rises ahead of Budget
Government borrowing rose last month, marking the third-highest September since records began in January 1993.Official figures show that borrowing – the difference between spending
Nigeria’s inflation rate in September rises to 32.70% due to petrol price increases
Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month. This is according
Nigeria’s FDI drops to $29.83 million in Q2 2024, lowest level ever on record
Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available
Surprise fall in inflation paves way for interest rate cuts
UK inflation fell unexpectedly to 1.7% in the year to September, the lowest rate in three-and-a-half years.It means the annual rate prices are rising
Mortgage costs ‘unlikely’ to return to low levels
Charlie Nunn, chief executive of Lloyds bank, said the bank expected mortgage rates to come down, but not to the near-zero rates they were
Firms ‘pausing’ hiring and investing ahead of Budget
Firms have “paused” hiring staff and are putting off investment decisions amid speculation of tax rises in the government’s upcoming Budget, a leading business