05292017

Tories and Labour not being honest with voters: IFS

Image copyright Getty Images Neither the Conservatives nor Labour are being honest with voters about the economic consequences of their policy proposals, an influential think tank has warned. The [...]

Call to raise retirement age to at least 70

Image copyright Getty Images The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. The World Economic Forum said [...]

US growth rate revised up to 1.2%

Image copyright Monika Graff photographer Image caption US growth was 1.2% in the first three months of the year, but consumer spending decelerated [...]

UK achieves solar power record as temperatures soar

Image copyright Getty Images A record amount of solar power was generated on Friday as Britain basked in sunshine and temperatures of up to 28C, the National Grid has said. It said 8.7 gigawatts [...]

Contactless payment fraud soars to £7m

Image caption More than 100 million contactless bank cards are in issue in the UK with an average transaction of £9.06 The amount of money stolen from contactless [...]

UK economic growth estimate revised down

Image copyright PA The UK’s economy grew more slowly than first estimated in the first three months of the year, as the key services sector lost momentum. Economic growth slowed to 0.2% [...]

Net migration to the UK falls to 248,000 in 2016

Image copyright PA Net migration to the UK was estimated to be 248,000 in 2016 – a fall of 84,000 from 2015, figures show. The Office for National Statistics said the change was driven [...]

Housing market moving sideways, lenders say

Image copyright Getty Images The UK housing market appears to be ‘moving sideways’ mortgage lenders have said, as latest figures show a drop in borrowing. The Council of Mortgage [...]

English house-building at highest for a decade

Image copyright Getty Images The number of new homes being built in England is at its highest level for ten years, according to government figures. The Department of Communities and Local Government [...]

White House denies ‘egregious’ budget accounting error

Image copyright Reuters Image caption White House budget director Mick Mulvaney told Congress on Wednesday that he went through the budget “line by line” [...]