Economy


EU Cap On Bankers' Bonuses Could Be Scrapped After Brexit

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Bank of England Governor Mark Carney hints Britain could tweak the rule once it leaves the European Union. Read more

Rise Of The Machines: Up To 800 Million People Could Be Out Of Jobs Due To Robots By 2030

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One-fifth of current jobs in the UK are expected to be lost to robot automation in just 13 years' time. Read more

Rail Industry Welcomes Government Plans To Reverse Beeching Cuts

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Railway Industry Association says reopening old routes would deliver "huge economic benefits" to the UK. Read more

Car Trade Body Urges Quicker Progress In Brexit Transition Talks

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SMMT president Tony Walker says lack of progress over Brexit is already having an impact on the automotive sector. Read more

Jeremy Corbyn Becoming PM 'would Be Worse Than Brexit' Warns Banking Giant

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US investment bank warns Brexit process is in danger of unravelling and could lead to further bad news for the UK econom... Read more

Manchester And Birmingham Top UK City House Price List In October

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House prices in Manchester rose 7.9% compared to a year earlier in October, while prices in Birmingham were up 7.3%. Read more

UK Economic Growth 'continues To Stabilise' Showing Only 'modest' Brexit Jitters

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Report finds negative impact of Brexit vote is being countered by economic resilience. Read more

London Has Britain's Largest Gender Pay Gap

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Official data shows gender pay gap in the capital has only fallen from 15.1% in 1997 to 14.6% in 2017. Read more

Business Secretary Greg Clark Hails MSD Investment As 'huge Vote Of Confidence' In UK

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MSD's investment would create around 950 jobs in high-skilled and high-value research roles, Clark said. Read more

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