Economics
Russia will soon default on its debt, credit ratings agency warns
It means the country's sovereign debt is now considered to be below investment grade, or in "junk" territory.
Post-Brexit immigration system ‘will do little to change UK economic trajectory’
“Ultimately, a migration strategy is not a substitute for an economic strategy."
UK economy: 2022 will start ‘on a weakened footing’ and ‘underwhelming performance for year’
To the dismay of households and businesses, energy tariffs spiked while steep hikes in the cost of oil also saw fuel prices shoot up.
Freeports of ‘no economic benefit’ – Treasury watchdog concludes
The chancellor’s flagship policy will "alter the location rather than the volume of economic activity", the Office for Budget Responsibility concludes.
‘Great’ trade deal with New Zealand will add no value to UK’s GDP
The total value for businesses from the agreement would be “less than half the cost of Boris Johnson’s new yacht”, Emily Thornberry claimed.
Retirement age could be raised to ease public debt, OECD warns
Ageing populations in advanced economies mean there is an urgent need to raise money, the OECD said.
New research reveals: Labour is better at handling the economy than the Conservatives
The Conservatives have managed to win four-successive elections partially on the grounds of their reputation as being ‘strong on the economy’.
Prioritise economic growth over climate, government tells trade negotiators
In August, prime minister Boris Johnson urged the world to take climate action "now" after a UN report revealed a "code red for humanity" - but a leaked paper now suggests that chasing post-Brexit economic benefits takes priority.
Levelling up UK will take years – be costly – and likely cause job losses, says expert
The process is likely to be painful for many business and workers since there will likely be job losses and social disruptions in the years ahead.