The number of young British men who are neither in work nor preparing for the world of work is at its highest in over 10 years, posing a major challenge to the economic ambitions of the new Labour government. For decades, far more women than men were classified as NEET — not in education, employment...
Tag: UK economy
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British-born population to be in decline from 2035
Deaths will consistently outnumber births in Britain from the middle of the next decade, according to the Office for Budget Responsibility (OBR), in a tipping point that will leave the country dependent on migration. The population of people born in Britain is forecast to begin declining in 2035, according to OBR projections published on Thursday....
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Reeves defends claiming thousands of pounds to heat her home – latest updates
Reeves defends claiming thousands of pounds to heat her home – latest updates Jump to content
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Jobs market suffers worst month in more than a decade – latest updates
Jobs market suffers worst month in more than a decade – latest updates Jump to content
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$100bn wiped off Nvidia amid tech bubble fears – latest updates
$100bn wiped off Nvidia amid tech bubble fears – latest updates Jump to content
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Tech bubble fears grow as Nvidia shares slump
Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn (£22.8bn) in a reaction that will fuel fears of a tech bubble. Shares in the world’s second-largest publicly traded company lost as much as 8pc in fluctuating trading after its quarterly results were released on Wednesday night. The...
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British Steel to axe thousands of jobs despite £600m taxpayer handout
The request for £600m in taxpayer cash is part of a £1.3bn turnaround plan to make greener steel. This should still see an electric arc furnace constructed in Scunthorpe, though sources said they feared a plant would not be up and running for at least five years, resulting in the loss of thousands of jobs....
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Reeves paves way for tax rises after £3bn borrowing surge
The spending watchdog said higher pay deals for public sector workers were a key factor. “The difference with our forecast profile is driven primarily by higher-than-forecast consumption spending by government departments (£5.8bn), which appears related to strong growth in public sector pay,” the OBR said. Darren Jones, chief secretary to the Treasury, said the borrowing...
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Trump’s social media company falls to lowest level since float
Trump’s social media company falls to lowest level since float Jump to content
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Reeves’ appraisal of Britain’s economy is becoming laughable
First quarter growth was 0.7pc, while the second quarter, announced last week, yielded a still healthy 0.6pc. This annualises at what, by the standards of the post-financial crisis slough of despond, is a positively rip-roaring 2.4pc. Much of this gain is admittedly just a rebound from last year’s mild recession; things are likely to slow...
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Middle Eastern investment in Britain rocked by anti-Muslim riots
Robert Gardener, formerly of the Abu Dhabi Executive Affairs Authority and now director of government affairs at law firm Hogan Lovells, said leaders in the region are, contrary to common perceptions, sensitive to public opinion. “With their overseas investment the Gulf states will always be looking at how it is going to play out back...
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Chinese electric cars will be dumped in Britain, experts warn
Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. Car makers including MG owner SAIC and BYD offloaded a record number of electric vehicles (EVs) in Europe this summer, as part of efforts to escape incoming taxes imposed by Brussels. But in a bid to...