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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…
The US factory that lays bare the contradiction in Trump’s policy
Posted onBBC Among the cactuses in the desert of Arizona, just outside Phoenix, an extraordinary collection of buildings is emerging that will shape the future of the global economy and the world. The hum of further construction is creating not just a factory for the world’s most advanced semiconductors. Eventually, it will mass produce the most…
US firm collapses ringing ‘alarm bells’, says Bank of England chief
Posted onThe collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…
