UK economy recovery slows in August

Britain's economy partially recovered in August, with a marginal growth of 0.2% following a sharp fall in July. This slow growth has fuelled expectations that the Bank of England's (BoE) Monetary Policy Committee will vote to maintain its base interest rate at 5.25%...

Industry backlash at HS2 U-turn

Leading business organisations have criticised the Government's decision to scrap the northern leg of HS2, despite its promises to divert £36bn into new transport in the Midlands and north of England. High-Speed Rail Group, which represents rail and engineering firms,...

Plans for reducing company carbon emissions announced

A Treasury task force explained today (9 Oct) how listed companies and financial firms will have to outline plans to cut carbon emissions in the transition to a 2050 net-zero economy. The plans dovetail with pre-existing mandatory climate standards, which is set to be...

Metro Bank shares plunge after seeking finance

Metro Bank's shares lost up to a third of their value after recent reports showed it is seeking to raise £600 million to bolster its finances. While Metro Bank did not comment on the figure, it sought to reassure its investors about its financial position on Thursday...

UK debt hits 20-year high

The total amount the Government owes currently sits at around £2.59 trillion. The recent rise in borrowing costs comes at a difficult time for Chancellor Jeremy Hunt as he prepares for his Autumn Statement on 22 November. The price of 30-year UK Government bonds also...