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Economics News and Commentary |
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News: BBC News: Economy
UK growth confirms recession avoided in 2022
The economy performed better than previously estimated in the final three months of 2022, new figures show.
UK-Asia trade deal to boost UK economy by 0.08%
The bloc includes nations such as Japan and Australia, but the UK's economy will only get a small boost.
Warning UK car industry under threat without help
An industry veteran says the UK needs to follow the US and EU in helping with the shift to electric cars.
New UK plan to reach net zero goal faces criticism
The strategy was drawn up after judges ruled existing plans weren't sufficient to meet climate targets.
Mortgage lending hits lowest level since 2016 excluding pandemic
Borrowing falls sharply but more mortgage applications are being approved, says Bank of England
Bank of England on heightened alert for further banking turmoil
Bank of England says it remains vigilant after US bank collapses spark fears over financial stability.
Renting: Number of UK homes available down by a third
UK lettings agencies have 10 places to rent on average, compared to 16 before 2021, Zoopla data shows.
Warning big infrastructure projects moving too slowly
The National Infrastructure Commission says the government's approach to big projects is "off track".
UK is poorer as a country, says Michael Gove
The levelling up secretary blames war in Ukraine and pandemic, but denies government is at fault.
Ovo launches energy deal below government price cap
The supplier launches 12-month tariff of £2,275, as falling gas prices finally start feeding through to bills.
Bank governor warns firms raising prices ‘hurts people’
Andrew Bailey tells the BBC price rises will fuel inflation and hurt the least well off.
UK retail sales boosted by second-hand and discount stores
Retail sales rose strongly last month as cash-strapped shoppers looked for cheaper options.
UK interest rates: What the rise means for you
The Bank of England has raised the rate from 4% to 4.25%, creating higher mortgage costs.
Interest rate rise: Bank of England more hopeful on UK economy
Andrew Bailey's comments come as the Bank raises interest rates to 4.25% to try to combat inflation.
US raises interest rates despite banking turmoil
The Federal Reserve moves borrowing costs higher as it focuses on efforts to stabilise prices.
Wales freeports for Milford Haven-Port Talbot, Anglesey
The two new areas will have tax and duty relief and simplified customs, with hopes for 20,000 jobs.
Veg shortages drive surprise jump in UK inflation
The cost of living rose more than expected in February driven by sharp hikes in food prices.
Russian influx drives up rental prices in Dubai
Average rents in the Emirate rose by more than a third last year as soaring demand outstripped supply.
Trains: How can it take so long to fix a struggling railway?
One company is promising passengers "generational" change - but said there must be "pain" first.
Why is the UK economy lagging behind the US, Germany and others?
Projections suggest the UK recovering slower than other countries - and the reasons go beyond Brexit.
The race across Europe to build green steel plants
A project is under way in northern Sweden which will drastically cut CO2 emissions in making steel.
Have Biden's economic plans hit the buffers?
In his keynote speech he laid out new or rehashed ideas. But they probably aren't going anywhere.
Why are BP, Shell, and other oil giants making so much money right now?
Oil and gas producers are making billions while bills soar. Should governments tax them more?
Droughts leave cargo riverboats high and dry
Falling river levels are affecting the use of cargo riverboats around the world.
Can Sri Lanka trade its way back to prosperity?
Ben Chu, Newsnight's economic editor, takes a closer look at the country's economic woes.
Four changes to energy bills support from April
Colletta Smith tells you - in one minute - about changes to the discounts and payments available.
Pints, power and parents: Three ways the Budget could affect you
The BBC's Vishala Sri-Pathma breaks down how the government's spending plans might impact your pocket.
'Customers freaked': Silicon Valley Bank saga in 80 seconds
Has the collapse of two US banks sparked another financial crisis?
Jeremy Hunt on HSBC buying UK arm of collapsed Silicon Valley Bank
The company, which specialised in lending money to tech companies, was shut down by US regulators on Friday.
The Dutch twins shaking up the UK drinks industry
Joyce and Raissa De Haas, who founded Double Dutch drinks, explain the power of twins in business.
We have avoided recession - Jeremy Hunt
The UK has narrowly avoided falling into recession, after the economy saw zero growth between October and December.
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