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Canadas auto industry plan signals latest pivot away from US
Posted onThe United States-Canada-Mexico (USMCA) free trade agreement is up for review this year. But the agreement’s original purpose, of removing tariffs across North America, was no longer the current objective of the US administration, Carney said at a car plant in Toronto on Thursday. “Their approach has changed.”
Decision to run Manchester to London ghost train uninformed, regulator admits
Posted onKaty AustinTransport correspondent Getty Images The rail regulator has admitted it “did not have all the facts” when it decided to not allow passengers on a peak-time train service between Manchester and London. The Office of Road and Rail (ORR) said it was missing “critical points” when it made a decision that would have turned…
Suppliers want help for billpayers as energy prices rise
Posted onKevin PeacheyCost of living correspondent Getty Images A rise in gas and electricity prices has prompted energy suppliers to call for “enduring” targeted support for those in financial difficulty. Energy costs are up 2% from Wednesday for millions of people in England, Wales and Scotland as regulator Ofgem’s latest price cap come into effect. Campaigners…
ECB holds interest rates at 2%
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left its benchmark interest rate unchanged at 2 per cent for the fourth meeting in a row but raised its growth forecast for the Eurozone. Thursday’s rate decision was in…
When is the Budget and what might be in it?
Posted onJennifer Clarke & Tom EspinerBBC News Reuters The Chancellor Rachel Reeves will set out plans for the economy when she delivers the Budget on 26 November. There have been warnings that she will have to put up taxes or cut spending if she wants to stick to her own rules on government borrowing. Before the…
