Business and Economics
Business and Economics News
Chancellor on ‘last commercial flight’ out of Washington as expectation of major U-turn grows
Kwasi Kwarteng cancelled appointments at the IMF to fly home for urgent talks with Liz Truss.
British exports to EU tumble by £300m in August
"Trade in a Brexit-less multiverse would be booming", one logistics expert said.
Bank warning sends pound tumbling
And to top it off, the UK economy shrank unexpectedly in August by 0.3 per cent on the previous month.
New labour figures show PM is a ‘card-carrying member of her anti-growth coalition’
A whopping three-quarters of UK businesses have been struck by labour shortages, a damning new survey has found.
Kwarteng is putting UK’s reputation for stability at risk – Moody’s
"If this was a Labour Chancellor every national newspaper would be calling for his resignation," Peter Stefanovic said.
UK pork pie firm collapses on the back of rising costs and UK labour shortages
A policy brief report released in August found that the rise in vacancies in the UK was highest in jobs that relied most heavily on EU workers - such as warehouse and transport workers.
Brewery dubbed a ‘Brexit export champion’ calls in administrators after EU customers dry up
It reported that customers in Europe wanted to take British beer but that it was not cost-effective.
Bank intervention prevented mass insolvencies of pension funds
Pension funds are natural buyers of long-dated gilts because they provide risk-free guaranteed income decades into the future.
People are sharing the ending to The Big Short
"I have a feeling that in a few years people are going to do what they always do when the economy tanks. They will be blaming immigrants and poor people."