Tag: economic

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MPs urge pension schemes to cushion economic effects of UK’s net zero plan

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UK public sector pension schemes could deepen divisions in society unless they use their billions of pounds of investment to cushion communities pivoting away from carbon-intensive industries such as steel and carmaki...

The next global economic emergency? Deepening debt in the developing world

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A global pandemic. Rising inflation. The threat posed by climate change. Global policymakers have enough to keep them occupied without a developing country debt crisis adding to their list of problems. That is a real ...

UK economic growth picks up after July drop; GDP remains below pre-pandemic level – business live

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Rebound in growth unlikely to be sustained, as economists warn on material and fuel shortages

People want bold economic change – the tragedy is, Labour hasn’t realised this

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Boris Johnson’s speech to the Conservative party conference on Wednesday was full of hot air and tediously empty phrases. And yet, amid all the bluster, there was something else in the mix: change. It was entirely uns...

IMF cuts global economic forecast as pandemic ‘hobbles’ growth

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The head of the International Monetary Fund has warned the world economy remains “hobbled” by the Covid-19 pandemic as she revealed her organisation has revised down its forecast for global growth this year. Kristalin...

Rishi Sunak’s speech offers mood music but little economic meat

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After 18 months of opening the state’s chequebook to pay for the huge economic cost of the Covid-19 pandemic, the Conservative party finally got a taste of the real Rishi Sunak in his speech to its annual conference. ...

Ditching furlough scheme will add to UK’s economic woes, warn unions and firms

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Rishi Sunak’s decision to wind up the furlough scheme today will intensify Britain’s economic woes, an array of unions, business groups, employment experts, City firms and politicians have warned. With signs of activi...

Fate of Biden’s economic agenda at stake as House faces crucial vote

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Democrats are on the verge of a make-or-break moment – one that will determine the fate of Joe Biden’s ambitious economic agenda – as they rush to bridge the internal divisions threatening to derail passage of the swe...

Pacific nations face ‘lost decade’ due to economic cost of Covid

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Countries in the Pacific risk a “lost decade” following the Covid pandemic, with the region facing its greatest economic contraction in four decades, according to a new report into foreign aid. The latest Lowy Institu...

UK economic growth slows to weakest level since Covid rules eased in March

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Severe shortages of workers and supplies have dragged down economic growth in Britain to the weakest levels since pandemic restrictions were eased in March, according to a closely watched business survey. The latest s...

British ‘baby shortage’ could lead to economic decline, says thinktank

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Britain is facing a “baby shortage” that could lead to “long-term economic stagnation”, a thinktank has said. The Social Market Foundation (SMF) said the birthrate was almost half what it was at its postwar peak in th...

Taxing the lower-paid could stop the economic recovery in its tracks

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There are plenty of nasty bills looming for the average British household that could persuade many to keep their savings firmly on deposit and prevent the economy from flourishing. Anyone looking for a secondhand car ...

UK economic recovery stalled in July amid worker shortages

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Britain’s economic recovery from the winter lockdown virtually stalled in July despite the removal of most pandemic restrictions, amid a fall in retail sales and the impact of “pingdemic” shortages in the workforce. T...

Bank of England governor says UK’s economic recovery is slowing

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The governor of the Bank of England, Andrew Bailey, has warned Britain’s economic recovery from Covid-19 is slowing amid supply chain disruption and staff shortages. Answering questions from MPs on the commons Treasur...

‘Our children are hungry’: economic crisis pushes Afghans to desperation

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Yasemeen sits in the back of an open trailer with a bundle of her family’s old clothes wrapped in scarves and some used notebooks already full of a child’s handwriting. The vehicle pulls over in a busy roundabout in c...

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