Financial news

Most difficult global outlook since 1930s heralds end of US-led world order | Larry Elliott

21-04-2024 15:40

IMF has revised up growth forecasts but medium-term prospects remain poor as globalisation goes into reverseWorld Bank official calls for shake-up of G20 debt relief schemeThe 2020s are almost halfway over and are on course to be the most difficult decade for the global economy since the 1930s. Every finance minister and central bank governor at the spring meeting of the International Monetary Fund in Washington last week knows that, even if they were not prepared to admit it publicly.The IMF li

Read more
Thousands ‘fuming’ after tickets cancelled for Co-op Live arena show in Manchester

21-04-2024 15:27

Rick Astley sang for staff, VIPs and press in test event at UK’s biggest indoor arena ahead of openingThousands of people due to attend the first event at the UK’s biggest indoor arena had their tickets cancelled at the last minute on Saturday.Rick Astley took to the stage at the new 23,500-capacity Co-op Live arena, which opens officially on Tuesday, to perform to 11,000 arena workers, VIPs and press at a free test event. Continue reading...

Read more
Help for disabled people in England and Wales to get jobs is axed amid benefits crackdown

21-04-2024 13:00

Closure of Work and Health Programme comes hard on heels of Rishi Sunak’s bid to end the UK’s supposed ‘sicknote’ cultureA major scheme to help disabled people into work has been quietly scrapped – just as the prime minister announced a crackdown on disability benefits.The £100m Work and Health Programme, operating in England and Wales, will end in the autumn, providers have been told, at the same time that Rishi Sunak wants to cut benefits for 420,000 sick an

Read more
End times for the UK’s final coal-fired power station

21-04-2024 10:00

At Ratcliffe-on-Soar in Nottinghamshire, the turbines will stop spinning for good this year as the UK meets its pledge to ban coal use. We meet staff proud of the site’s 56-year historyFrom the northernmost reaches of the River Soar in Nottinghamshire, the towers of Britain’s last coal-fired power station emerge from the flat countryside like concrete monuments to another time.For more than half a century Ratcliffe-on-Soar has burned millions of tonnes of coal to generate the electri

Read more
Advertisement
Alarm at growing number of working people in UK ‘struggling to make ends meet’

21-04-2024 08:00

UK debt advice charity warns that cost of living crisis and higher rents are pushing younger full-time workers into difficultiesA rising number of people in full-time work, including those in jobs such as nursing, have been seeking advice on debt, amid warnings that a growing cohort of younger workers is struggling to make ends meet.Figures seen by the Observer suggest rising rents and the use of credit to cope with the cost of living crisis in recent years are driving more full-time workers to

Read more