Browsing: Business Briefing

The lead for the London business newspaper CITY AM, reports that the UK economy is set to take its first steps out of recession this week with GDP figures for January expected to show a return to growth.

Official revised growth figures show Japan has avoided falling into a technical recession. The new data shows GDP was 0.4% higher in the last three months of 2023 compared to a year earlier. 

The chancellor’s “squeeze” on local councils leads the Financial Times, as the paper reports Jeremy Hunt has “wound down” a scheme providing millions of pounds for social housing.

Wednesday’s budget will be one of the last set pieces the Tories have to win back the British public ahead of the general election. Yet Hunt’s approach shows the difficult balance he must strike between the desires of the electorate, the fiscal realities and the backbenchers nervously looking at their own majorities

It is the last scheduled Budget before the next general election – expected in the second half of the year. 

People earning up to £80,000 can now claim child benefit The maximum threshold for claiming child benefit will be raised from £60,000 to £80,000, it…

Chancellor Jeremy Hunt announced fuel duty will be frozen for another year when he announced the Spring Budget 2024 this afternoon.

Jeremy Hunt has once again frozen alcohol duty, he revealed in today’s Spring Budget.

Chancellor Jeremy Hunt has cut National Insurance for workers by another 2p from April 6 – Spring Budget announcement!

Jeremy Hunt has announced a new tax on vaping as part of the Spring Budget.

Apple has been fined €1.8bn (£1.5bn) by the EU for breaking competition laws over music streaming. The firm had prevented streaming services from informing users of payment options outside the Apple app store, the European Commission said.

City AM – Back in room The front page of the London business newspaper City AM leads on Insurance giant Aviva heading back into Lloyd’s…

A series of other measures to help tackle the economic woes were also announced, including the development of new initiatives to tackle problems in the country’s crisis-hit property sector.

The London business newspaper CITY AM reports on a growing slowdown in consumer spending that hit London-listed operations yesterday – including Durex-maker Reckitt. 

The Financial Times reports that Russia has a “low bar” when it comes to using tactical nuclear weapons.

In a blog post sharing an email sent to employees, boss Jim Ryan called the move “sad news” and said it was “a difficult day at our company”.

The employees are set to be moved to Apple’s artificial intelligence (AI) division instead, according to Bloomberg News. 

Russia is becoming more dangerous, America is less reliable and Europe remains unprepared. The problem is simply put, but the scale of its solution is hard to comprehend.

The Financial Times has carried out an analysis of OECD data for its lead story, which finds that a global drop in house prices that hit advanced economies has “largely petered out”.

“We don’t think we should be implementing certain tax cuts now, essentially that are paid for by uncertain spending cuts that might never be delivered,” IFS deputy director Carl Emmerson said.

The front page of the London business paper CITY AM reports Britons are ditching business cards, leading to predictions that they will soon die out altogether.  

The widespread drop in global house prices that hit advanced economies has largely petered out, according to a front-page lead story. 

The FT’s main story reports that a “bumper earnings report” from chipmaker Nvidia has sparked a global stock market rally, with the company’s shares surging 15% in early trading, adding £205bn ($260bn) to its value in the process.

The London business newspaper CITY AM leads on share plunges in Bytes Technology. Elsewhere the news that BT Tower has been bought and will be turned into a hotel makes the paper’s front page headlines. 

The London business newspaper CITY AM reports on the reaction to the UK recession by Bank of England’s Andrew Bailey. The paper claims Bailey has stuck his head in the sand over the recession news, and reports on the reaction from MPs and economists.