Economy news

• Treasury will not commit to reducing welfare bill before next election

  29-10-2026 11:41 via BBC News
  
  The Treasury is disputing that the chancellor suggested to the BBC the benefits bill will be cut before the next election.
  
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• Amazon's relentless pursuit of greatness – has it paid off?

  07-11-2026 10:00 via Latest from MoneyWeek
  
  Typing relentless.com into a browser redirects you to Amazon's homepage. In the summer of 1994, Amazon's founder Jeff Bezos nearly chose Relentless as the permanent name for his fledgling online business, before friends persuaded him that it sounded rather too sinister. He registered the domain anyway. Amazon was eventually chosen because Bezos wanted a name that conveyed vast scale. He planned to build the world's largest bookstore, and ultimately something much bigger – an “everything stor
  
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• 8 of the best houses for sale near nature reserves

  07-11-2026 09:30 via Latest from MoneyWeek
  
  Pine Edge, St. Margaret’s Bay, Dover, KentSavillsSavillsA modern house adjacent to the Kent Downs National Landscape with access to coastal walking routes. It has a grass roof, large picture windows, a modern kitchen and a World War II bunker converted into a studio annexe. 6 bedrooms, 3 bathrooms, large reception, garage, office.Price: £2m Savills 01580-720161Trossachs, Callander, StirlingshireSavillsSavillsA modernised Victorian house in the Trossachs National Park, overlooking Loch Achray
  
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• The consequences of John Healey's first Budget

  07-11-2026 09:00 via Latest from MoneyWeek
  
  One of the most telling items in John Healey'sfirst Budget as chancellor was the U-turn on the proposal in the last Budget to reduce the limit on cash individual savings accounts (ISAs) from £20,000 to £12,000. Commentators described this as a recognition of the importance of encouraging savings, but it was nothing of the sort. A few days earlier, Hargreaves Lansdown had announced the launch of a low-cost money-market fund with daily access and an expected yield of 3.95%.This and similar money
  
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• Lagarde's exit is dangerous for the European Central Bank

  07-11-2026 08:00 via Latest from MoneyWeek
  
  It had been rumoured for months that Christine Lagarde would leave the European Central Bank (ECB) before her term as president expired. Last week, it was finally confirmed. She will depart in just a few months' time. She may well have lined up a role running the World Economic Forum, which organises the annual Davos conference, or be planning a role in France's upcoming presidential election, either as a candidate herself or alongside the centrist Edouard Philippe. The jostling for her job is a
  
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• Trump’s defeat heralds a US retreat

  07-11-2026 06:00 via Global Economy
  American retrenchment could change Middle East balance of power and signify opportunities for China
  
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• AI stocks climb after trillions wiped from market values

  06-11-2026 22:06 via BBC News
  
  Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.
  
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• US warns China it must ‘immediately’ meet terms of Busan trade deal

  06-11-2026 18:20 via Global Economy
  Washington says Beijing is not fulfilling commitments to increase supply of rare earths and other critical products
  
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• US economy outstrips forecasts to add 165,000 jobs in October

  06-11-2026 16:18 via Global Economy
  Hiring rebound led by professional services underscores strength of American labour market
  
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• Strong wage growth supports Bank of Japan’s December move higher

  06-11-2026 12:51 via Global Economy
  Nominal wage growth in September moved to a three-decade high
  
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• Your Budget questions answered in MoneyWeek’s expert Q&A

  06-11-2026 12:27 via Latest from MoneyWeek
  
  It was dubbed a cautious, “steady-as-you-go” Autumn Budget, but chancellor John Healey announced a number of tax hikes and changes in his first fiscal statement.The chancellor addressed the controversial Lifetime ISA “unauthorised” withdrawal penalty and scrapped the cash ISA reform which was due to come into force from April 2027.But he also hiked the tax rate on savings interest and property income from next year, in a blow for savers and landlords.In a poll by MoneyWeek, answered by 8
  
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• Trump has taught the world that tariffs are useless

  06-11-2026 12:00 via Global Economy
  The Republicans’ evisceration in the midterm elections shows the economic and political costs of mindless protectionism
  
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• France is on fire – are we heading for another euro crisis?

  06-11-2026 12:00 via Latest from MoneyWeek
  
  Are the protests in France over?No. Scores of high schools across France were once again blockaded and unions were planning a nationwide strike, with rail workers, teachers and private-sector employees all expected to join demonstrations in cities across the country. The original students' protests were widely seen as being fuelled by legitimate specific concerns, says Rafaela Uzan of the Council on Foreign Relations – overcrowded classrooms, overpacked schedules and crumbling infrastructure.
  
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• Donald Trump has taught the world that tariffs are useless

  06-11-2026 12:00 via Global Economy
  The Republicans’ evisceration in the midterm elections shows the economic and political costs of mindless protectionism
  
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• HgCapital Trust: should you invest in Britain's unloved tech champion?

  06-11-2026 10:37 via Latest from MoneyWeek
  
  HgCapital Trust (LSE: HGT) is Britain's second-largest listed tech company. So, with the UK desperately short of exposure to the technology sector, it might be thought that managers would be keen to invest in the £2 billion fund. But far from it. Very few UK specialist funds have any exposure at all and the shares trade on a 26% discount to net asset value (NAV).The lack of exposure is because HgCapital Trust is an investment trust. Professional managers don't like investing in a fund managed b
  
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• Why the Democrats’ US election victory is a win for investors

  06-11-2026 10:09 via Latest from MoneyWeek
  
  Despair in Asia over the Democrats' sweep of the US Congress turned into cautious bullishness as Wall Street woke up on Wednesday. Investors in East Asia, a region at the centre of the AI chip supply chain, interpreted the vote as a clear rejection of AI. Japan's Nikkei index touched a five-month low, with shares in SoftBank falling nearly 9% in intra-day trading, say Peter Landers and Gunjan Benerji in The Wall Street Journal. South Korean and Taiwanese indexes also sold off. An NBC exit poll s
  
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• Binance's $6.3bn crypto heist is a warning to investors

  06-11-2026 10:05 via Latest from MoneyWeek
  
  An unnamed engineer at Binance is probably seeking alternative employment, after being responsible for losing their employer $6.3 billion. Their compromised laptop gave hackers a route into the inner workings of the world's top cryptocurrency exchange. The crypto heist, which is thought to be the largest single theft in history, has been blamed on the North Korean hacking group implicated in last year's theft of $1.5 billion from the Dubai-based Bybit exchange.Binance, which was founded in China
  
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• The best Advent calendars to buy this Christmas

  06-11-2026 10:00 via Latest from MoneyWeek
  
  Farmshop Christmas Advent Calendar, DaylesfordFarmshop Christmas Advent Calendar, Daylesford (Image credit: Daylesford)What better way is there to get into the festive spirit than with the Farmshop Christmas Advent Calendar from Daylesford? Each day yields a tasty treat or a gift from the Gloucestershire-based purveyors of fine food and drink. Cranberry sauce for the table, cocktails ready to be enjoyed, wood-scented candles and handmade decorations are some of the 25 gifts packed inside an enve
  
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• Three luxury winter travel experiences for the family

  06-11-2026 09:00 via Latest from MoneyWeek
  
  A Swiss wonderland at Badrutt's PalaceBadrutt’s Palace Badrutt’s Palace HotelBadrutt's Palace, perched above Lake St. Moritz in Switzerland, is getting ready to reopen on 3 December. The palatial hotel, synonymous with alpine glamour, has undergone a series of renovations. The rooms and suites have been reimagined, fresh touches have been added to restaurant Matsuhisa and there's a new bar in Le Grand Hall. The Palazzino Kids' Club also has a new sparkle, with activities including sledging a
  
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• 'I put £20,000 into my cash ISA ahead of the rule changes – should I invest it instead?'

  06-11-2026 08:00 via Latest from MoneyWeek
  
  Savers will be able to continue putting up to £20,000 a year into their cash ISAs after the chancellor John Healey reversed the decision to reduce the cash ISA limit.The government had planned to cap cash ISA contributions at £12,000 per tax year for under 65s from April 2027 in a bid to encourage Brits to invest.It means you will be able to continue to put up to £20,000 a year into cash ISAs if you wish to – or you could split the annual ISA allowance across different types of ISA.As the c
  
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• Poll: Should Healey have done more for investors in the Budget?

  06-11-2026 07:00 via Latest from MoneyWeek
  
  Chancellor John Healey’s first Autumn Budget didn’t bring much delight to many investors, but equally it didn’t bring much pain either. The chancellor declined to tax investments more, keeping capital gains tax and dividend rates untouched, although he did target landlords with a further tax hike on property income.He also announced he would explore a new ISA incentive to encourage first-time investors, but gave little more detail other than referring to it as a “Starter ISA”.What did
  
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• FirstFT: Global stocks tumble as Democratic sweep sparks AI rout

  06-11-2026 06:33 via Global Economy
  Also in today’s newsletter: US tech barons and Jaguar Land Rover recall
  
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• Asian tech stocks sink

  06-11-2026 03:30 via Global Economy
  ‘Complete carnage’ as Nikkei 225 falls below 60,000 points for first time since May with Seoul’s Kospi under 5,000 points
  
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• BoE leaves door open to further rate rises amid fears of entrenched inflation

  05-11-2026 18:37 via Global Economy
  First interest rate increase for three years accompanied by hawkish message that marks a sharp change in tone for the institution
  
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• Interest rates hiked to 4% in first increase in over three years

  05-11-2026 18:09 via BBC News
  
  Most analysts expected the increase from 3.75% to 4%.
  
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• UK house prices forecast to fall by 1.5% in 2027 – how could your region be affected?

  05-11-2026 16:34 via Latest from MoneyWeek
  
  UK house prices could drop by 1.5% in 2027 as higher mortgage rates squeeze buyer affordability, according to global real estate adviser Savills.Its latest house price forecast predicts the average property value will fall by £5,500 due to stubborn interest rates.In its June forecast, Savills had said house prices would increase by 2.5% next year, but rising inflation brought on by protracted conflict in the Middle East has led to a more pessimistic outlook.Emily Williams, director of residenti
  
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• BoE raises interest rates to 4% in bid to tame inflation

  05-11-2026 15:18 via Global Economy
  Governor Andrew Bailey signals further rate rise to come as projections show increasing price pressures
  
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• Faisal Islam: How high will interest rates go?

  05-11-2026 14:17 via BBC News
  
  The BBC's economics editor views one more interest rate as likely, but thinks that will be all.
  
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• Three ways the interest rate rise could affect you

  05-11-2026 14:08 via BBC News
  
  Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.
  
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• Politicians, voters really don’t care about your broad statistics

  05-11-2026 14:00 via Global Economy
  Positive facts mean nothing if people are not personally experiencing solid real income growth
  
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