Economics

With the surprise announcement by President Trump to impose tariffs on steel and aluminum, many countries have been scrambling to deal with the potential ramifications. Trump has since exempted the European Union, as well as Argentina, Australia, Brazil, Canada, Mexico and South Korea. But what does this mean for EU trade with China? And how does it affect the United Kingdom? When Trump announced his plans to impose tariffs of 25 percent on imported steel and 10 percent on aluminum,...

The Labour leader Jeremy Corbyn has called for all Navy vessels to be built in the UK. There has been speculation that a £1bn contract for three new Royal Fleet Auxiliary support ships could go to a foreign shipyard. The Ministry of Defence contract is expected to go out to international tender later this month. Visiting Glasgow, the Labour leader said building the ships somewhere in the UK could secure more than 6,500 jobs - 1,800 of these in shipyards....

Over the last decade, the Maltese economy has gone from strength-to-strength. Although the country has less than half a million residents, the Maltese economy has gone from pillar-to-post and it is staggering how well the country has developed across several key industries. Today, the Maltese economy is heavily reliant on foreign trade and investment, manufacturing (particularly pharmaceuticals and electronics), and tourism. Given that Malta sits just below Italy, it is a prime location in the Mediterranean and it attracts millions...

A pioneering new citizens’ wealth fund in the UK could provide a universal annual cash dividend and eventually a weekly basic income, a new report has claimed. According to research by City, University of London and the Friends Provident Foundation the UK government should create a citizens’- owned investment fund to pay for an annual cash payment to everyone in the country. The report says the fund would be a powerful new anti-inequality instrument, allowing a dividend of £430 per person after...

Oxford University study each robot performs the roles of 3.6 workers.

Robert Peston has described a £300 billion negative swing in foreign investment as "jaw-dropping" after new figures revealed FDI has dropped off a cliff since the Brexit vote. Global FDI flows reached their lowest level since 2013 in the fourth quarter of 2017, according to OECD figures. Inflows to the OECD area decreased by 37 per cent, largely driven by decreases in the United Kingdom and the United States from high levels in 2016. Outflows from the OECD area decreased...

Polling shows the public expect a recession within the next 2 years GMB, Britain’s general union, has called on the Government to 'get it's act together' as ONS figures released this morning showed GDP struggling at just 0.1% growth in the first quarter of 2018. Recent polling by Survation on behalf of GMB shows more than half of those questioned expect the UK to slip into recession within the next two years. John McDonnell, the shadow chancellor, said: “The truth...

Today’s scandalous figures are more proof Theresa May’s Government has completely and utterly failed to tackle insecure work GMB union has criticised the Government after new figures released today showed the number of zero hours contracts creeping up to 2 million. Data from the Office for National Statistics (ONS) this morning show the number of zero hours contracts estimated to be in circulation in the economy rose to 1.8 million in November 2017 - up from 1.7 million a year...

The shocking findings, from a survey of 2,000 UK adults, revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year.