Mark Carney’s last chance saloon warning on the global economy
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
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The prospects for the UK economy are bleak as the Governor of the Bank of England warned it would stay “sluggish”. The Bank’s now lowered its growth forecast for this year and next – and voted to keep interest rates on hold again. And Mark Carney warned that business investment was weaker than expected because…
The UK economy grew by 0.3% in the three months to June, mainly thanks to the retail and film production sector. But the Office for National Statistics said there’s still a “notable slowdown” in growth from last year. And economists have warned that it’s the underlying trends that really matter.
The Prime Minister’s review into workers’ conditions has called for all work in the UK to be “fair and decent”, paying particular attention to short-term, so-called gig economy roles. Mrs May said she’d take the report’s recommendations seriously, but it has been criticised by trades unions for tinkering at the edges.
All work should be fair and decent and staff should be treated like human beings, not cogs in a machine. The words of Matthew Taylor, who’s been carrying out an independent review for the Government on what’s known as the gig economy, and how workers at new-style companies like Deliveroo or Uber should be better…
Who has the better record on managing the economy: Labour or the Conservatives?
The UK economy has grown far slower than expected in the first three months of the year, as inflation begins to bite.
Now it’s meant to change our lives for the better – but will Artificial Intelligence save us or enslave us? AI – computers that can think like humans – has enthusiastic supporters – who believe it’ll trigger an upheaval rivalling the Industrial Revolution.
All the uncertainty over Brexit: how soon, how hard, how feasible, is one of the key problems facing British industry this year. Confidence and investment plans have recovered since the referendum vote, according to a survey of more than seven thousand businesses by the British Chambers of Commerce, though costs are also rising because of…
As after the Brexit vote here, the election of Donald Trump sparked a knee-jerk reaction on the markets. But initial falls were not sustained. .
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
Heads of more than a third of the country’s biggest businesses are supporting Britain’s continued membership of the EU ahead of the June referendum.
Which Labour leadership candidate would print money? Who wants to build 2 million houses? Who thinks George Osborne might be right about running a surplus?
Chancellor George Osborne says new figures showing GDP growth of 0.7% show Britain’s economy is producing as much per head ‘as ever before’
George Osborne has pledged to create a “higher wage, lower tax, lower welfare” Britain as he unveiled the first Tory-only Budget for nearly 20 years.
The economy finally picked up momentum in 2013. But what is worrying for George Osborne about today’s GDP figures is how they suggest that momentum ebbing away over the last year.