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Bloomberg estimates Bank made profit of £3.5bn after intervening to prevent run on pension fundsThe Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the financial markets after Liz Truss’s disastrous mini-budg…
Chain recorded biggest share of clothing and homewares market in seven years as Tesco reports festive bonanzaMarks & Spencer took its biggest share of the clothing and homewares market in seven years and the largest slice of the food market ever ov…
Exclusive: council bids for tax breaks and liberalised planning rules axed as government dismantles Liz Truss’s agendaHundreds of bids by councils to be granted tax exemptions and liberalised planning rules under the “investment zones” scheme have been…
Fraud and error have left ‘eye-watering’ amount owed to HMRC, says public accounts committeeThe government has been criticised for failing to collect £42bn in unpaid tax from businesses and individuals amid concern over the strain on the public finance…
Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs?Not since the early 1990s has the world faced such a period of low growth.Discounting the havoc caused by the financial c…
Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and warAny fresh setback to a global economy already rapidly weakening as a result of high inflation, interest rates and war could result in a second rec…
For years, Haiti has suffered from a disastrous economy, a struggling police force and a practically invisible government. After midnight Monday, there will also be no semblance left of a constitutional order. One of the last remaining provisions of t…
Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recessionThe Bank of England’s chief economist has warned high rates of UK inflation could persist for longer than expected, despite a fall in wholesale energy…
Impact of reduced state support with company power bills could prompt job cuts, warns industry bodyAlmost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as con…
Exclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardballSome of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline…