Category: Global economy

John Healey vows to give ‘breathing space’ to consumers and businesses in first budget

Speaking at IMF annual meeting in Bangkok, chancellor says he will stick to fiscal rules while recognising business and living costsUK politics live – latest updatesBusiness live – latest updatesJohn Healey has promised to use...

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UK economy unexpectedly grows in August despite fall in consumer spending

Latest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budgetBusiness news – live updatesThe UK economy unexpectedly continued to grow in August despite a fall in consumer spending before...

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Global financial system is failing developing countries, says Ed Miliband

UK foreign secretary will call for World Bank and others to help governments trapped by hefty borrowing costsThe foreign secretary, Ed Miliband, will claim the global financial system is failing developing countries, as he calls...

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UK car industry faces ‘difficult trade-off’ between Chinese and EU markets

Britain under pressure to put tariffs on cheap Chinese vehicle imports ahead of protectionist trade measuresBritain’s car industry is grappling with a “difficult trade-off” between China and Europe, as manufacturers struggle to...

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Labour figures uneasy about Healey’s ‘underpowered’ approach to budget

Chancellor faces challenge of volatile global headwinds and soaring energy costs at home as some insiders worry lack of clarity could trigger fresh market shockSenior Labour figures are privately voicing unease about John...

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UK ‘losing up to £6.5bn a year in EU trade’ without post-Brexit product deal

IPPR finds failure to align testing standards has forced companies to abandon exporting to EU and is costing costing 0.18% of national incomeThe UK is losing out on annual exports to the EU that could be worth as much as £6.5bn...

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UK losing up to £6.5bn a year in EU trade due to mismatched product rules

IPPR finds failure to align testing standards has forced companies to abandon exporting to EU and is costing costing 0.18% of national incomeThe UK is losing out on annual exports to the EU that could be worth as much as £6.5bn...

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George Osborne calls for UK to rejoin EU customs union and boost trade

Ex-Tory chancellor says economy has ‘fallen off a cliff’ since Brexit but rejoining union could be ‘quite simple’Former chancellor George Osborne said Britain’s economy has “fallen off a cliff” since Brexit and that rejoining...

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President Xi nevers wastes a good crisis. As Iran, Ukraine and Palestine distract the world, he tightens his grip | Simon Tisdall

Ever the strategist, the Chinese leader is taking the offensive, both abroad and at home. That’s bad news for global order, and minorities in his countryImagine what would happen if a British prime minister in London told the...

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Ed Miliband indicates development and climate will be at heart of UK foreign policy

Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender Britain’s foreign secretary, Ed Miliband, is to indicate he will put the climate crisis and overseas development at...

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