Economy


Vince Cable Accuses Government Of 'dragging Its Heels' In Fight Against Tax Avoidance

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Cable says 'systematic tax avoidance' is causing significant damage to the Treasury and public finances. Read more

Chinese Police Bust $3bn Underground Bank Used By 10,000 People

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Chinese police say they have busted an underground bank used to smuggle a staggering 20 billion yuan ($3 billion) out of... Read more

UK Consumer Confidence Tumbles To Lowest Level Since Brexit Vote

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Slowdown in housing market and Bank of England's rate rise earmarked as the main factors behind a decline in confidence. Read more

Eurozone Economy Heading For Strongest Quarter Since 2011

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The European Union has already upgraded its growth forecast for the eurozone this year to 2.2% Read more

Philip Hammond Admits Britain No Longer Among World's Top Five Economies

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The chancellor said in his Budget speech to parliament that Britain is now "the world's sixth-largest economy". Read more

Capitalism That Works For Everyone? Beware Fake News

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Policymakers must stop pretending they can fix broken markets with more and more regulation. Read more

UK GDP Growth Holds Steady As Households Spending Hits Fastest Pace In 12 Months

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ONS data confirms UK economy grew 0.4% on a quarterly basis in the three months to the end of September. Read more

Britain Faces Longest Decline In Living Standards In 60 Years

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Think tank says Philip Hammond's decision to cut stamp duty is a 'very poor way to boost home ownership'. Read more

UK Car Production Picks Up On Higher Overseas Demand

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Car output rose 3.5% compared to a year earlier in October to 157,056 units, mainly due to a 5% increase in the number o... Read more

UK Budget 2017: No-frills Budget Sees Hammond Cut Stamp Duty And Boost NHS Spending

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Chancellor pledges to invest £44bn to revive Britain's housing sector and delivers £3.75bn boost to NHS. Read more

UK Budget 2017: Chancellor Philip Hammond Downgrades Post-Brexit Economic Forecasts

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British GDP expected to come in at 1.5% for 2017, falling further until 2020. Read more

UK Budget 2017 Live: Philip Hammond To Outline Fiscal Plans In First Autumn Budget In 21 Years

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Plans to boost the housing and technology sectors are expected to be included in the Chancellor's speech. Read more

UK Autumn Budget 2017 Checklist: Six Things We Can Expect From Philip Hammond's Speech

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Boost for housing sector, driverless cars and 5G technology are all expected to feature in Hammond's speech. Read more

Christmas Spending Poised To Fall For First Time In Five Years

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Spending through November and December in the UK is set to fall 0.1% compared to a year earlier, a report from Visa and ... Read more

Cutting-edge Tech In UK Manufacturing 'could Deliver £102bn Benefit'

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Barclays predicts adoption of new technologies like AI would lead to the creation of 101,000 jobs in the manufacturing s... Read more

UK Retail Sales Post First Annual Decline Since 2013

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UK retail sales fall 0.3% year-on-year in October, recording the first decline since 2013 as weakness lingers on. Read more

Bank Of England Will Do 'whatever It Can' To Support UK During Brexit Talks Vows Mark Carney

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BoE Governor insists Brexit has turned Britain's economy from one of the best into one of the worst in the G7. Read more

Italy's Stagnation Maybe Over But It's Staring At A Painfully Long Road To Recovery

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Low rise in labour productivity suggests the Italian economy's catch-up is likely to take a long time. Read more

UK Supreme Court Backs Introduction Of Minimum Pricing For Alcoholic Drinks

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Scottish government had put proposals forward five years but has faced a lengthy legal challenge ever since. Read more

Philip Hammond Urged To Provide Above-inflation Pay Rise To NHS Staff

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Think tank says annual cost of raising public sector pay in line with consumer price inflation would be £3.3bn by 2019/... Read more