CBI admits error in £196bn price tag for Labour plans

Party demands apology from lobby group for using ‘fabricated false information’ on nationalisationThe Confederation of British Industry has admitted it exaggerated the “eye-watering” £196bn price tag that it claimed Labour’s nationalisation plans would…

Read more

Bank of England boss says global finance is funding 4C temperature rise

Mark Carney says capital markets are financing projects likely to fuel a catastrophic rise in global heatingThe governor of the Bank of England has warned that the global financial system is backing carbon-producing projects that will raise the tempera…

Read more

Labour plans for utilities would cost the UK £200bn, says CBI

Party says calculation of renationalisation costs is ‘incoherent scaremongering’Labour’s plans for a sweeping renationalisation of utilities would cost Britain almost £200bn, the Confederation of British Industry has said.Branding the plans as “eye-wat…

Read more

UK looks likely to avoid recession despite Brexit chaos

Growth is weak but strong summer for services and a TV-film industry boom lifts quarterly figuresBritain is on track to avoid a recession despite mounting Brexit uncertainty after official figures showed an unexpectedly strong jump in economic growth o…

Read more

Pound slumps against euro and dollar as Brexit chaos bites

Sterling falls to lowest level in more than a month in sign that fears for economy are growingThe pound has slumped to its lowest level in more than a month, as hopes fade that a Brexit deal will be struck.With weeks left before the 31 October Brexit d…

Read more

Pound slumps against euro and dollar as Brexit chaos bites

Sterling falls to lowest level in more than a month in sign that fears for economy are growingThe pound has slumped to its lowest level in more than a month, as hopes fade that a Brexit deal will be struck.With weeks left before the 31 October Brexit d…

Read more