Boris Johnson pledges to create G7 rival to Beijing’s Belt and Road global economic expansionism

Boris Johnson pledges to create G7 rival to Beijing’s Belt and Road global economic expansionism Prime Minister addressed five MPs and Lords hit by sanctions from China Said world needed to be given a choice between the Chinese system ‘and ours’ US diplomat Henry Kissinger has said US will have to reach an understanding with … Read more

Rishi Sunak hopes £180bn consumer boom will aid UK’s post-Covid economic recovery

Rishi Sunak today stoked hopes a £180billion consumer boom will fuel the UK’s recovery – but admitted that fears of mass unemployment ‘keep me up at night’.  The Chancelllor voiced optimism that a fast bounceback will fueled by the huge savings warchest built up by those who have kept working through the pandemic. But he … Read more

Budget Spring 2021: Jeremy Corbyn accuses Rishi Sunak of stealing John McDonnell’s economic policies

Former Labour leader Jeremy Corbyn today accused Rishi Sunak of stealing the economic policies of his hard-Left Shadow Chancellor John McDonnell for a radical Budget that will set Britain’s course for years. Mr Corbyn told the Commons many of the Chancellor’s announcements, including furlough, the Green Industrial Revolution and the relocation of civil servants to … Read more

Countryside and oceans should be considered along with economic growth, major new report says 

Countryside and oceans should be considered along with economic growth in bid to protect nature, major new report says A 600-page review will be launched online  by Prince Charles and Sir David Author Professor Dasgupta argues that nature is a ‘blind spot’ in economics Review calls for humanity to change food production and consumption By … Read more

Saudi crown prince addresses World Economic Forum from the desert

That’s one way to work from home! Saudi Arabia’s Crown Prince MBS addresses World Economic Forum on a computer set up in the desert Crown prince Mohammed bin Salman set up a virtual office in the AlUla desert  The stunt appeared to be an effort to promote the region as a future tourist hub MBS … Read more

What is economic abuse and how can it be prevented?

‘My ex-husband left me £58,000 in debt’: Lloyds Bank launches new tool to help prevent economic abuse and support victims In total, victims of economic abuse are forced into millions of pounds of debt Nearly half are left with priority debts – meaning they could lose their home A victim says she racked up £58k … Read more

Coronavirus UK: FTSE 100 falls after opening amid fears of further economic threats

More than £33billion was wiped off the FTSE 100 within minutes of opening today as panicked investors reacted to the devastating economic threat of a toughened lockdown, the new coronavirus strain and the continued Brexit deadlock. The index of Britain’s leading companies fell 1.8 per cent or 117 points to 6,410 shortly after opening in … Read more

Asian shares skid despite US economic stimulus deal

Shares started the week out on a sour note in Asia as worsening coronavirus outbreaks overshadowed news that U.S. lawmakers finally have a deal on more support for American families and businesses. Markets fell in Japan, Hong Kong and South Korea on Monday but rose in Shanghai. Passage of the nearly $1 trillion COVID-19 economic … Read more