Eurozone economic activity still in decline, PMI survey shows
Bloc โstuck in a rutโ as growing services sector cannot offset continued weakness in manufacturing
Services sector
The City of London is left out of Brexit discussions. Again.
Despite Labour’s bid to “reset” Brexit relations, the UK’s most globally important industry is once again not part of the conversation.
Financial services role goes to Albuquerque โ but she brings baggage
Former Portuguese finance minister is known for introducing harsh economic austerity.
Brussels questions whether Starmer really wants a Brexit reset
EU officials and diplomats say when push comes to shove, the new PMโs position is so far so similar to his Tory predecessorโs.
Industrial revival stalled in June in Germany and France, survey shows
Flash PMIs cast doubt on the narrative of a steady economic recovery this year.
UK clothing sales to EU plummet as Brexit red tape deters exporters
Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exportsUK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the extent to which complex regu…
In Georgia, Russian รฉmigrรฉs see familiar Kremlin tactics
After Russia’s full-scale invasion of Ukraine in February 2022, an estimated 100,000 Russians found refuge in the neighbouring Caucasus republic of Georgia. Many continue to work in the IT services sector for Russian firms. Others have opened their ow…
UK Conservatives try to win City of Londonโs heart with swipe at finance watchdog
Labour wants to ‘champion’ Britain’s financial sector โ but doesn’t want to be seen as undermining independent regulators.
UK signals potential curbs on Chinese investment amid โderiskingโ push
Deputy PM Oliver Dowden will take steps to deliver on pledge to Joe Biden to confront China trade quandary.
Londongrad forever? Why the UK may never seize Russian assets.
Pledges to take Russian money to help Ukraine face a litany of legal and tactical quandaries.
UK embarks on post-Brexit trade talks with Turkey
Talks offer โhuge opportunitiesโ but come at a delicate time after Ankara held up Swedenโs accession to NatoThe UK and Turkey have started talks about a post-Brexit free trade agreement targeting the service sector of the economy.The UK government said…
Counting frozen Russian funds
SNEAK PEEK โ Former Tory leader criticizes slow movement of Russian asset seizure.ย ย โ SCOOP: City minister talks up U.K. financial servicesโ role in digital innovation. โ Banks push back against new government snooping bill. Happy Wednesday! Weโre half way through the working week and oodles has already happened in the happy land of financial [โฆ]
City vs government in Russian freeze to seize debate
SNEAK PEEK โ U.K. government scared of seizing Russian assets, MP says. โ Treasury talks tough on fraud with new rules for banks. โ City minister summons banks to chat growth. Good morning readers!ย Absolute ripper of a newsletter today, if we do say so ourselves. Read on to get the latest on why an [โฆ]
Sexism and the City
SNEAK PEEK โ Sexism rife in the City: MPs call for more legislation. โ Think tanks give U.K. economy poor score post-budget. โ Global banks face new rules to prevent capital โwindow-dressing.โ Good morning and happy Friday to our readers. Today, itโs International Womenโs Day, and the Treasury Committee has things to sayโฆ DRIVING THE [โฆ]
Big banks vs little banks in the battle of who pays for failure
SNEAK PEEK โ Banks: who pays if smaller ones collapse? โ Budget highs, lows, and no-gos. โCity minister meets with top female finance gurus ahead of International Womenโs Day. Good morning! Today weโve got battling banks, budget chat and crypto. Keep reading! DRIVING THE DAY BIG BANKS AND SMALL BANKS BATTLE OVER WHO SHOULD PAY [โฆ]
Budget bonanza
SNEAK PEEK โ Budget expectations, from National Insurance cuts to inheritance tax latest. โ Bank capital treatment of SMEs might scupper retail-heavy budget plans. โ FCA investigates banksโ loans to small businesses amid โsuper complaint.โ Good morning โฆ ITโS BUDGET DAY! POLITICO reporters have been running around like headless chickens trying to get the goss. [โฆ]
Big debt and little budget
SNEAK PEEK โ Government should measure debt management better, MPs say. โ Budget latest as Hunt looks to play it safe. โ Banks try to solve Companies House mystery. Good morning readers! Budget day beckons โฆ are you excited? Today weโve got a damning report from MPs, budget goss, and depressing mortgage stats. Just another [โฆ]
Welcome to budget week
SNEAK PEEK โย Wednesdayโs budget looms and weโve got the details. โย Bank of England told to clamp down on excessive compliance breaches. โย Change of rules to allow fractional shares in ISAs set for delay. Good morning readers! We probably donโt need to remind you that itโs budget week this week. Itโs going to be [โฆ]
FCA name-and-shame plansย get immediate backlash
SNEAK PEEK โย Industry criticizes FCA plans to name firms under investigation. โ Lenders โdebankingโ SMEs en masse, committee finds. โ U.K. fiscal policies donโt match economic situation, claims economist. Good morning! Wowee, what a hectic day Tuesday was in the world of financial services.ย Iโve barely recovered from the many committee hearings, conferences and consultations [โฆ]
Germany and Spain see service sector growth despite wages challenge
Euronews Business looks at why the German services sector has performed better than expected in November and whatโs holding the Spanish one back.
Britain has been in a 15-year economic slump. This is our route out of it | Torsten Bell
Ours is the most unequal major economy in Europe, with poorer workers losing out most. Itโs time to start playing to our strengthsBritain has huge strengths, but it is now impossible to miss that weโre in a phase of relative decline. A year or two of p…
British economy creeps forward
The UKโs GDP grew slightly in August, driven by the services sector.
Bond market sell-off sends UK long-term borrowing cost to 25-year high
Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook marketsBusiness live โ latest updatesBritainโs long-term cost of borrowing has hit its highest level since 1998, as political instabil…