Economy News

Labour is considering moving the Bank of England to Birmingham as part of plans to rebalance the economy and strengthen the regions. A report commissioned by Shadow Chancellor John McDonnell has concluded that the Bank’s London base is “unsatisfactory and leads to...
The British public has become more pessimistic about the economic impact of Brexit, a major new survey for the Bank of England has found. A survey by NMG of some 6,000 households, conducted in September, shows that the proportion of households expecting leaving...
Saudi Arabia plans to raise the price of domestic petrol and jet fuel in January, part of a programme to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the budget, according to a person with knowledge...
Sometimes it is easier to see what might happen in the future if you look 10 or 20 years ahead, rather than 10 or 20 months. That is because the noise of politics drowns out the long-term economic and social forces...
The European Central Bank has "substantially" upgraded its GDP growth forecasts for the eurozone, reflecting the brightening economic prospects for the single currency area even as the UK's outlook is gloomy due to Brexit. The ECB's latest forecast for growth in 2017 is 2.4 per...
BAE Systems and Qatar have entered into a contract valued at around £5bn ($6.7bn) for the country to buy 24 Typhoon combat aircraft, the British defence group said on Sunday. The company said delivery was expected in late 2022 and that the...
TV and box office hits, like the Star Wars franchise, flushed a record £7.7bn into the UK economy’s coffers last year, representing an 80 per cent surge from the revenue generated by the industry five years earlier. Official government data published on...
Just like many other American celebrities today, Dan doesn’t have that much talent. And just like many other celebrities, Dan has a lot of money to spend. But in contrast to the others, Bilzerian lives a much more exciting life. In his 36 years on Earth, he has built a...
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