UK to shut down all coal-fired power plants by 2025
UK Energy Secretary Amber Rudd will to announce later today that the country’s remaining coal-fired power plants will be shut down within a decade....
UK inflation forecast to stay at minus 0.1% for October
Inflation is forecast to remain at minus 0.1% for October when official figures are released on Tuesday.
According to a Reuters poll economists expect the...
Canadian pension funds acquire Chicago toll road for $2.8 billion
Three Canadian pension funds announced on Friday that they will be acquiring the company holding the rights to run and operate the Chicago Skyway...
US retail sales only rose 0.1% in October
US retail sales rose a modest 0.1% in October, missing economists’ expectations of a 0.3% rise.
Total retail sales for the month were $447.3 billion....
BBA urges government to relax banking sector regulation
The British Bankers’ Association has urged lawmakers to take action to ensure the UK holds onto its position as a leading global financial center.
If...
HMRC replacing 170 offices in the UK with 13 regional hubs
HM Revenue and Customs (HMRC) will close all of its 170 offices across the UK and replace them with 13 regional hubs. The major...
UK house prices continue to rise
Property prices in the UK continued to increase in October, while the number of homes put up for sale fell for the ninth month...
BoE forecast to begin hiking rates by mid-2016, Reuters poll reveals
A Reuters poll of more than 40 economists revealed that the Bank of England is expected to begin hiking rates by mid-2016.
The forecast of...
Three million UK workers commute at least 2 hours a day
Over the last ten years the number of people in the UK commuting for over two hours a day has increased 72%, from 1.7...
OECD cuts 2015 global growth forecast down to 2.9%
The Organisation for Economic Co-operation and Development (OECD) lowered its forecast for global economic growth this year because of a “deeply concerning” slowdown in...