Business

Price range 2017: Stagnant earnings forecast 'astonishing'

Budget 2017: Stagnant earnings forecast 'astonishing' Media playback is unsupported in your gadget The prediction that common UK earnings in 2022 might nonetheless be lower than in 2008 is “astonishing”, in accordance with an unbiased financial assume tank. Paul Johnson, director of the Institute for Fiscal Research, added that the financial forecasts revealed within the Price range made for “fairly grim studying”. He highlighted that since 2014 progress in earnings

Price range 2017: UK development forecast lower sharply

Budget 2017: UK growth forecast cut sharply Progress forecasts for the UK financial system have been lower sharply following modifications to estimates of productiveness and enterprise funding. The Workplace for Price range Accountability (OBR) now expects the financial system to develop by 1.5% this 12 months, down from the estimate of two% it made in March. Progress, it says, will drop to 1.three% by 2020 after which rise to 1.5%

NHS overcharged by hundreds of thousands for key drug, says watchdog

NHS overcharged by millions for key drug, says watchdog Media playback is unsupported in your machine Drug firm Concordia overcharged the NHS by hundreds of thousands for a key thyroid therapy, the Competitors and Markets Authority has provisionally discovered. The CMA said that last year the NHS spent £34m on its drug, liothyronine, up from about £600,000 in 2006. The quantity the NHS paid per pack rose from round £Four.46

Paris and Amsterdam to host key EU businesses post-Brexit

Paris and Amsterdam to host key EU agencies post-Brexit Paris has gained a battle to host the European Banking Authority (EBA), which is able to relocate from London after the UK leaves the European Union. The French capital’s victory follows a win earlier for Amsterdam, which is able to host the London-based European Medicines Company (EMA). Paris was picked after heaps have been drawn when three rounds of voting failed

Funds 2017: Plans to construct 300,000 properties a yr

Budget 2017: Plans to build 300,000 homes a year Media playback is unsupported in your gadget Philip Hammond says subsequent week’s Funds will set out how the federal government will construct 300,000 new properties a yr. However the chancellor mentioned there was no “single magic bullet” to extend housing provide and the federal government wouldn’t merely “pour cash in”. Ministers wish to velocity up developments the place planning permission has

Price range 2017: Chancellor Philip Hammond 'to focus on housing and NHS'

Budget 2017: Chancellor Philip Hammond 'to target housing and NHS' Media playback is unsupported in your gadget Chancellor Philip Hammond plans to make use of “headroom” within the public funds to focus on spending on housing and well being, a detailed good friend has informed the BBC. Stephen Hammond – a former transport minister – stated the chancellor desires to make use of subsequent Wednesday’s Price range to “assault issues”

Fox shares soar on sale hypothesis

Fox shares jump on sale speculation Shares in 21st Century Fox have jumped amid stories that a number of main firms have come ahead as suitors for components of its enterprise. The US agency’s shares gained greater than four% on Friday, after a number of sources reported curiosity from Comcast, Sony and Verizon. Final week the corporate, which is led by the household of Rupert Murdoch, was stated to be

Norway's state fund 'must drop oil and gasoline investments'

Norway's state fund 'needs to drop oil and gas investments' Norway’s authorities has been instructed its state-run fund ought to drop its investments in oil and gasoline shares. Norges Financial institution manages Norway’s $1 trillion (£758bn) sovereign wealth fund on behalf of the federal government. It said the step would make the nation “much less weak to a everlasting drop in oil and gasoline costs”, and its recommendation was not

Isabel Dos Santos sacked from Angola state oil agency

Isabel Dos Santos sacked from Angola state oil firm The president of Angola, Joao Lourenco, has fired the daughter of his predecessor as head of the nation’s state oil firm Sonangol. Isabel Dos Santos, the billionaire daughter of former President José Eduardo dos Santos, is Africa’s richest lady. Mr Dos Santos was Africa’s second longest-serving chief till he stepped down in September after 37 years. President Lourenco, often called JLo,

Brexit no-deal might cease Aston Martin manufacturing

Brexit no-deal could stop Aston Martin production Aston Martin has mentioned it could need to halt manufacturing if the UK fails to strike a Brexit cope with the EU. All new vehicles within the UK should have Automobile Certification Company (VCA) approval, which is legitimate within the EU. With out a UK-EU deal, that validity would stop for brand spanking new vehicles from March 2019. Mark Wilson, Aston Martin’s finance