US stocks slip as Treasury clashes with Fed to cut loan programmes November 20, 2020 US stocks slipped in early trading while global markets were subdued as rising coronavirus cases and a rare disagreement between the Federal Reserve and Treasury worried investors. Treasury secretary Steve Mnuchin yesterday requested that the Fed wind down a series of coronavirus lending facilities put in place to support companies at the start of the [...]
How does the UK’s capital gains tax compare to other nations? November 20, 2020 How does the UK's capital gains tax compare to other nations?
Hungary says EU recovery fund spat will be resolved November 20, 2020 Hungary’s Prime Minister has said a dispute over the EU’s €750bn (£670bn) coronavirus recovery fund and budget can be solved, after his government and Poland’s blocked the package at a key meeting. Both Hungary and Poland voted against measures that would allow the €1.8 trillion 2021-2027 budget and recovery fund to become operational, even though [...]
Sterling edges higher on renewed Brexit deal hopes November 20, 2020 Sterling edged higher against the euro and the dollar after an European Union official said the bloc and Britain are very close to agreement on most issues, even if they are still at odds over three main points. After being flat in earlier trade, the pound gained 0.2% versus to stand at 89.31 pence per [...]
UK youth unemployment reaches its highest level in four years November 20, 2020 UK youth unemployment reaches its highest level in four years
UK borrowing drops to £22bn in October but deficit hits new record November 20, 2020 The UK government’s borrowing dropped sharply in October as companies and individuals required less economic support, with spending on the furlough scheme almost quartering. Public sector net borrowing came in at £22.3bn last month, down sharply from a downwardly revised figure £28.6bn a month earlier, the Office for National Statistics (ONS) said. It was also [...]
UK retail sales outperform expectations ahead of second lockdown November 20, 2020 UK retail sales rose for the sixth consecutive month, smashing analysts’ expectations as Britons stocked up on goods ahead of new restrictions. In October UK retail sales volumes grew 1.2 per cent, well ahead of the 0.0 per cent expected, said the Office for National Statistics. Volumes are now 6.7 per cent higher than in [...]
Little ‘Christmas cheer’ as UK consumer confidence falls November 20, 2020 New coronavirus restrictions and rising cases knocked UK consumer confidence in November, a survey has shown, as people became more gloomy about their future economic health. The closely watched consumer confidence index from researcher GfK fell two points to minus 33 in November, its lowest reading since June. Britain’s economy has been hit particularly hard [...]
UK salaries rise by 1.7 per cent on low inflation November 19, 2020 UK employees in the private sector received a better-than-forecast average salary increase this year next year are set to be muted. ECA International’s Salary Trends report reveals most employees received a 1.7 per cent salary increase, ahead of the forecasted 1.1 per cent due to low inflation. Real salary increase is based on the difference [...]
US unemployment benefit numbers spike on fresh Covid-19 resurgence fears November 19, 2020 The number of Americans filing new claims for unemployment benefits unexpectedly rose last week as new business closures to control the spiraling Covid-19 infections unleashed a fresh wave of layoffs and further slowed the labor market recovery.
