Category: Economics

Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisisThe financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the...

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UK economy grew by 0.1% in third quarter of 2024, says ONS

First quarter under Labour government shows services and manufacturing slowed in run-up to budgetBusiness live – latest updatesThe UK economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second...

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Trump tariffs would halve UK growth and push up prices, says thinktank

NIESR warns Republican nominee’s protectionist policies, including against Britain, would harm domestic economyUK growth would be halved in the event Donald Trump wins the US presidential race and imposes the swingeing new...

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UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likelyBusiness live – latest updatesUK government borrowing costs have risen to their highest level...

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