Economy News

More than eight years since the birth of bitcoin, central banks around the world are increasingly recognising the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to...
Back in early June 2016, a few days before the referendum was held, I was asked by Newsnight if I would call for a second referendum if Remain narrowly won. I have had a long-standing belief that the UK’s best future...
An influential US think tank has warned that almost all possible trading relationships between the EU and the UK after Brexit would be less favourable for the British economy than if it were to stay in the trading bloc. The Rand Corporation, a...
An influential committee of MPs has thrown its support behind a Brexit transition agreement that sees EU laws continue to reign supreme, stressing that it would be a "price worth paying" for stability after March 2019. The Treasury Select Committee is urging...
A massive vote of confidence in Britain’s economy? That’s how Defence Secretary Gavin Williamson described BAE Systems’ £5bn deal to flog 24 Typhoon fighter jets to Qatar. There is, of course, another way to look at the transaction.  It’s also a massive vote of...
Policymakers at the Bank of England believe the risk of a “no-deal” Brexit has been reduced by Theresa May’s Brussels agreement last week – and that this breakthrough may boost UK economic confidence in the coming months. The view was relayed in the...
A transition period after Brexit where the UK continues to accept EU rules would be a “price worth paying” for economic stability, an influential Commons committee has said. Cross-party MPs on the Treasury Committee said the Government should consent to a “standstill”...
Britain’s military has prioritised the protection of undersea cables from Russia because if they are cut or disrupted there would be an immediate and “potentially catastrophic” hit to the economy, the chief of defence staff has said. Air Chief Marshal Sir Stuart...
Uber’s food-delivery business will begin offering an insurance package to its couriers in Europe, a move to address the conditions of “gig economy” workers. Riders for food-delivery companies such as Uber Eats and Deliveroo are typically self-employed and the firms have come...
Russia’s ex-economics minister, Alexei Ulyukayev, has been found guilty of accepting a bribe and sentenced to eight years in a prison colony, as well as being fined $2m (£1.5m), a Moscow judge announced on Friday. Judge Larisa Semenova began reading her verdict at 11.30am...
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