United Arab Emirates to quit oil cartel Opec

The government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget. A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands. Rachel Reeves has confirmed both tax…

The UK economy is now predicted to grow at a slower rate than previously expected from next year, the government’s official forecaster has said. The Office for Budget Responsibility (OBR), which maps out how the economy is set to perform based on the government’s tax and spending policies, increased its growth expectations for this year,…

Powell’s term is nearing its end and the US Senate is considering Trump’s nominee for his replacement, Kevin Warsh. A key Republican, Thom Tillis, has withheld his support for Warsh unless the Trump administration would drop its investigation into Powell.

Investigations have been opened into eight companies, including ticket resellers and driving schools, by the UK’s competition regulator as part of a review of online pricing practices. The cases are the first launched by the Competition and Markets Authority (CMA) under new consumer protection powers, and are looking at actions such as mandatory additional charges,…