Economics
Truss-backed economists call for cut to minimum wage
Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.
Inflation to fall markedly this month, says Bank of England governor
Andrew Bailey indicated inflation will return to its recent pattern of slowdowns after the ONS reported a pause at 6.7 per cent for September.
‘Call us’ – German minister sends apparent trading relations invitation to UK
A top German politician has indicated the EU might be open to looking again at post-Brexit relations, telling UK politicians to ‘call us’.
UK economy set for weakest growth of G7 next year after downgrade – IMF
It came as bosses at the finance body said the global economy is ‘limping along’.
Inflation drops sharply in Europe
The figures have spurred hopes that there will be no further interest rate rises.
‘They think it’s all over’: Bank of England keeps interest rates on hold for first time in two years
"From here there’s a strong argument for the Bank taking a prolonged pause", Nicholas Hyett said.
Brexit has been a ‘major driver’ of UK inflation
Economists have explained that while inflation is a “global phenomenon,” the UK’s exit from the EU has been a factor in our particularly high rate.
There’s a black hole at the heart of our country’s finances
A short-term cash grab orchestrated by George Osborne has been costing every household in the country £8,900.
UK set for five years of lost economic growth
Projections for the General Election year suggest that inequality will grow, with little income growth, higher debt and higher household costs.