Article content European shares fell on Friday and were set for a weekly loss, on fears that a tighter monetary policy, inflationary pressures, and an energy crisis could push the global economy into a recession. The pan-European STOXX 600 slid 0.3% as of 0721 GMT, with travel stocks leading the declines. Among the biggest drags […]
Article content MOSCOW — The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertilizer producer Phosagro surged after strong results. At 0704 GMT, the rouble was 0.5% stronger against the dollar at 59.20 […]
Consumer confidence has fallen to a new record low as people facing painful budget squeezes have become “exasperated” at the state of the economy. A closely watched monthly survey of sentiment reversed a rebound in July to fall to its lowest level since records began in 1974. The index, compiled by GfK, has dropped three […]
Two thirds of people with mild Covid-19 are still infectious five days after their symptoms begin, according to a study. The research revealed people spread the virus for longer than previously thought, contrary to NHS guidance which states “many will no longer be infectious to others after five days”. It comes amid renewed calls for […]
Government borrowing was £3 billion higher than expected in the year to July, putting pressure on the next chancellor to keep costs down to meet fiscal targets. Borrowing since April came to £55 billion, compared with the £52 billion forecast by the Office for Budget Responsibility. The government is under pressure to deliver more support […]
Figures out today show that HMRC raked in another £2.4 billion in inheritance tax receipts in the three months to July 2022. This is £300 million more than in the same period last year. Liz Truss and Rishi Sunak have both suggested they would review inheritance tax rules as Prime Minister. This could mean scrapping […]