Monday, 23 Nov 2020

economy

Rishi Sunak’s TAX GRAB: Chancellor needs to find £1,000 for every adult in the UK

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. The Chancellor is set to deliver his Spending Review against a brutal economic outlook Torsten Bell Meanwhile, Mr Sunak is poised to target pensions tax relief for high earners in order to […]

What a welcome for Biden! EU takes aim at US with ferocious £3bn tariff assault

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. The ongoing trade war between the US and the EU looks set to continue under the Biden administration despite European leaders expressing hope for better relations with the Democrat. Yesterday, the EU […]

Uneven U.S. job market recovery points to need for focused fiscal aid

NEW YORK/SAN FRANCISCO (Reuters) – The big decline in the U.S. unemployment rate last month suggests the economy needs less a broad pandemic relief package than targeted support for hard-hit sectors, even as an unprecedented surge in COVID-19 cases raises questions about the durability of the job market rebound.FILE PHOTO: Hundreds of people line up […]

U.S. labor market slowing; productivity strong in third quarter

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.FILE PHOTO: Hundreds of people line up outside the Kentucky Career Center, over two hours prior to its opening, […]

U.S. private payrolls growth slows in October: ADP

WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in October, providing an early sign of a slowdown in economic activity as fiscal stimulus diminishes and new COVID-19 infections surge across the country.FILE PHOTO: A new business advertises for workers as it prepares to open up during the outbreak of the coronavirus disease (COVID-19) […]

U.S. business activity picks up in October: IHS Markit

WASHINGTON (Reuters) – U.S. business activity increased to a 20-month high in October, but the pace of new business growth and new orders eased slightly amid the lingering COVID-19 pandemic and caution ahead of the Nov. 3 presidential election.FILE PHOTO: People visit the Destiny USA mall during the reopening, as the coronavirus disease (COVID-19) restrictions […]