BoE policymakers unanimous on holding rates, hawks become doves
January’s Minutes of the Bank of England’s Monetary Policy Committee (MPC) meeting showed that all nine members voted to keep rates on hold, leaving the...
Tech firms and spy agencies must work together, says ex-MI6 chief Sir John Sawers
Former MI6 chief Sir John Sawers says technology firms and British intelligence agencies must work together and agree on data-sharing to halt terrorism. This...
Freeloading EU migrants exploiting UK’s welfare state, says Foreign Secretary
In one of the most outspoken comments by a cabinet minister, UK’s Foreign Secretary Philip Hammond said his country was “wide open to abuse”...
IMF lowers forecast for global economic growth in 2015 and 2016
The International Monetary Fund (IMF) has downgraded its forecast for global economic growth in 2015 and 2016. It also called for central banks and...
Chinese growth in 2014 was the slowest in over two decades
In 2014 the Chinese economy grew at its slowest rate in over twenty years.
China posted GDP of 7.4% in 2014 versus the same period...
Denmark cuts deposit rate, will not remove currency peg to euro
The Danish central bank reduced its deposit rate into negative territory on Monday as the market speculated that it could do something similar to...
UK North versus South wealth gap is widening, says new study
The gap between the UK's best- and worst-performing cities has widened dramatically over the past ten years, creating a two-tier economy of decline (mainly...
Balfour Beatty wins £1.5bn UK-wide public works contract
British multinational infrastructure group Balfour Beatty plc announced on Monday that it had won a new UK-wide infrastructure and civil engineering public works contract....
Richest 1% wealthier than rest of the world combined, says Oxfam
A study by the charity Oxfam reveals that the richest 1% will soon have more wealth than the rest of the world combined, highlighting...
Outdated anti-terror laws hamper the UK’s ability to stop attacks, says ex-MI5 chief
Sir Jonathan Evans, who was Director General of the UK’s domestic counter-intelligence and security agency MI5 from 2007 to 2013, says the country’s ability...