Sajid Javid confirms budget will take place later this year October 1, 2019 Sajid Javid has confirmed that a budget will take place later this year. The chancellor said there would be a budget in “due course” later in the year following on from last month’s one-year spending round, in which he announced an increase in funding for the NHS, education and the police. Read more: Sajid Javid [...]
Crystal Palace hawked for sale in £210m deal October 1, 2019 Crystal Palace are being hawked to prospective buyers in a deal which would value the Premier League football club at £210m. A document circulating among bankers and seen by City A.M. offers to facilitate the purchase of at least 75 per cent and up to 90 per cent for either a single buyer or a [...]
Jobs at risk after no-deal Brexit as Nissan may pull SUV production from Sunderland plant October 1, 2019 Autoworkers in Sunderland were left worried earlier today after reports that Nissan could pull the production of its Qashqai SUV from the city if Britain leaves the European Union without a deal in place. The plant, a backbone in the local economy which supports thousands of jobs, could lose the vital contract, potentially leading to [...]
WTO blames tariff wars as it slashes global trade forecast October 1, 2019 The World Trade Organization (WTO) has slashed its forecast for global trade this year to below half its previous estimate, pointing the finger at the US-China tariff war and also blaming Brexit. In a report into global trade, WTO economists today warned that “further rounds of tariffs and retaliation” in the trade war “could produce [...]
US factories suffer worst month since 2009 – and Trump blames the Fed October 1, 2019 The US manufacturing sector contracted at its fastest rate in a decade in September, according to a closely-watched survey, as trade wars and a global slowdown took their toll on factories. Read more: US manufacturing sector suffers worst month in seven years in April The September purchasing managers’ index (PMI) from the Institute for Supply [...]
Kwasi Kwarteng: Boris Johnson’s ‘clarity of message’ on Brexit behind Tory poll bounce October 1, 2019 Boris Johnson’s “clarity of message” has helped buoy the Tories in polls, business minister Kwasi Kwarteng has said, as he hit out at plans from opposition MPs to form an alternative government. Kwarteng, who served as under secretary of state for the Department for Exiting the EU under Theresa May, told a fringe event at [...]
It’s International Coffee Day, unless you’re Boris Johnson October 1, 2019 It’s International Coffee Day for everybody but the Prime Minister, apparently. While the rest of the UK enjoyed a free Costa coffee today, or at least treated themselves to a mug of instant, Boris Johnson found himself much in need of a caffeine hit at the Conservative Party Conference in Manchester. Read more: Boris Johnson [...]
Eurozone manufacturing sector suffers worst month in seven years October 1, 2019 The Eurozone’s manufacturing sector suffered its worst month in seven years in September, according to a closely-followed industry survey, as the malaise in the area’s economy shows no sign of relenting. Read more: Sterling sinks after ‘simply shocking’ manufacturing data Factory output decreased markedly in September, with IHS Markit’s Eurozone manufacturing purchasing managers’ index (PMI) [...]
Ex-London mayor Boris Johnson blames successor Sadiq Khan for fuelling Arcuri claims October 1, 2019 Boris Johnson has blamed London mayor Sadiq Khan for fuelling allegations about his relationship with businesswoman Jennifer Arcuri. The Prime Minister is facing claims that he offered Arcuri favourable treatment while he was mayor of London, allowing her to accompany him on high-profile trade missions and receive £126,000 in public money – privileges she allegedly [...]
Job losses mount as no-deal Brexit fears hit UK manufacturing output October 1, 2019 The UK manufacturing sector could be sliding into recession as output remained in the red and job losses piled up in September, according to a closely-followed industry measure. Factory activity hit 48.3 on IHS Markit’s UK Manufacturing Purchasing Managers’ Index (PMI) last month, data revealed today. Read more: ‘Grim’ reading: Eurozone manufacturing sector hits seven-year [...]