Business and Economics
Business and Economics News
Pound continues to slide as Truss promises to build ‘World beating economy’
Sterling fell by more than 4 per cent to just 1.0327 dollars in early Asia trade, fuelling predictions it could plunge to parity soon.
Crispin Odey’s hedge fund soars 145% on bets against UK bonds
On Friday, the pound and London stock market plunged in what one analyst called “the worst day I have ever seen”.
Pound strength drops to lowest level EVER ahead of mini-budget
Looks like the markets aren't buying Kwasi Kwarteng's so-called "growth plan".
UK ‘in recession’ as Bank of England hikes interest rates to highest since 2008
Bank bosses predicted a 0.1 per cent fall in GDP for the current quarter, meaning the economy is in a technical recession.
EU investors snap up British firms suffering from a ‘Brexit discount’
High inflation, low investment confidence and a weaker currency make the UK an attractive target for European suitors.
Bank of England set to unveil biggest hike in interest rates for over three decades
The meeting will tell us how worried policymakers are about the slide in sterling and other UK markets, one economist said.
‘Perfectly normal country’: Treasury refuses to publish UK economic forecast
“These forecasts are a vital indicator of the health of the nation’s finances," Mel Stride said.
Early results from groundbreaking four-day working week trial show ‘incredibly encouraging’ signs
The trial began in June.
‘Big Short’ investor has found his next target
After shorting regional malls, Daniel McNamara has moved onto something else.