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UK growth slower than expected in third quarter
Posted onGrowth in the UK economy slowed by more than expected to 0.1% in the July-to-September period, official figures show, as car production slumped. The figure was below the 0.2% predicted by analysts, and is a blow to Chancellor Rachel Reeves less than two weeks ahead of the Budget in which she is widely expected to…
Northern Powerhouse Rail plans delayed again
Posted onFaisal IslamEconomics editor Getty Images Plans to extend high-speed rail across the north of England have been delayed further and will not now be announced by the prime minister at the Labour Party conference next week. The BBC understands concerns over the long-term costs of the line earmarked between Liverpool and Manchester have pushed back…
Venezuelan MPs approve bill to open up oil sector to private firms
Posted onThe assembly, dominated by lawmakers who are allies of former president Nicolás Maduro, passed the bill with the backing of interim President Delcy Rodríguez, who assumed office after Maduro was seized in a US military operation earlier this month.
Donald Trump to unveil home buying plan involving retirement funds
Posted onUS President Donald Trump is set to announce a plan that would let Americans use their retirement savings for down payments on homes. National Economic Council Director Kevin Hassett, who hinted at the plan on Friday, offered few details about how withdrawals from US workplace retirement accounts – known as 401(k)s – would work. “Suppose…
