Jobs paying below ‘real living wage’ fall to seven-year low November 4, 2019 The proportion of jobs that pay below the so-called real living wage has fallen to a seven-year low, analysis by professional services firm KPMG showed today. Read more: Sajid Javid promises to increase national living wage to £10.50 This year, 19 per cent of UK jobs paid below the voluntary rate of £9.00 per hour [...]
UK public spending set to hit 1970s levels after election, think tank says November 4, 2019 Government spending is set to surge back to 1970s levels whoever wins the upcoming General Election, research from the Resolution Foundation think tank has shown today. Read more: Hey, big spender: IFS boss Paul Johnson on the end of economic orthodoxy The Conservatives and Labour have discarded the economic orthodoxy of the last decade that [...]
Labour mulls climate change finance crackdown as election looms November 3, 2019 The Labour party is considering measures to crack down on firms which invest in fossil fuels which include making the Bank of England (BoE) change its policy operations to avoid carbon bias. In an announcement which has raised concerns about “skewing” the BoE’s focus, Labour said it was also considering forcing banks to publish the [...]
ECB warned over bond-buying’s effect on stock markets November 3, 2019 The European Central Bank’s (ECB) money-printing programme risks causing significant damage to stock markets, Wall Street analysts have warned new president Christine Lagarde. Read more: Mario Draghi defends his record at final ECB meeting The message of caution came as the ECB restarted its “quantitative easing” (QE) programme on 1 November, through which it digitally [...]
WTO authorises China to impose $3.6bn in tariffs on US November 2, 2019 The World Trade Organisation (WTO) has authorised China to impose punitive tariffs against the US after ruling the duties on steel and other products were illegally inflated by the US. It means China could now levy $3.6bn worth of tariffs on American goods with WTO arbitrators saying the “countermeasures” could be imposed as early as [...]
S&P 500 and Nasdaq hit record highs on better-than-expected US jobs data and renewed optimism of trade war truce November 2, 2019 The S&P 500 and Nasdaq finished Friday at a record high following data better-than-expected US jobs growth data and fresh optimisim the US and China would cease their trade war. The S&P 500 rose by 0.97 per cent to 3,066.91 and peaked at a record high of 3,066.95 during Friday’s session, despite another weak reading [...]
US jobs: Trump’s economy beats expectations to add 128,000 workers November 1, 2019 Sterling’s rise was cut short today by US jobs data that beat expectations, pushing the dollar higher as America added 128,000 jobs to its economy in October. The pound, which came close to hitting $1.30 earlier on a weak dollar, curbed its climb to stand 0.22 per cent up at $1.296 while the dollar rose [...]
Live: Donald Trump wades into General Election debate in Nigel Farage interview October 31, 2019 US President Donald Trump has waded into the UK General Election in typical style, saying Jeremy Corbyn would be “so bad” for Britain. Read more: General Election: Jeremy Corbyn pledges to go after ‘greedy bankers’ In an interview with Brexit party leader Nigel Farage on London’s LBC radio, the President said: “Your country has tremendous [...]
US and China set to announce new location for trade deal signing October 31, 2019 President Donald Trump has said the US and China will soon announce a new site at which they will sign “phase one” of a trade deal, after Chile cancelled a summit where the two sides were set to put pen to paper. Read more: Donald Trump reveals ‘phase one’ trade agreement with China Trump tweeted: [...]
Eurozone reports unexpectedly steady GDP growth October 31, 2019 Eurozone gross domestic product (GDP) grew steadily in the third quarter defying market expectations of a slowdown while headline inflation slowed due to a sharp drop in energy prices. GDP in the EU’s 19 member states grew 0.2 per cent on the previous quarter between July and September, according to preliminary figures from the EU’s [...]
