This article is more than 8 months oldThis article is more than 8 months oldIt’s easy to see why the government is reluctant to add to the economic pain with tougher restrictionsLast modified on Tue 11 Jan 2022 09.25 ESTWhether this approach will survive the expected surge in hospitalisations from Christmas and New Year revelries remains to be seen. Boris Johnson is the master of the screeching U-turn and with pressure on Downing Street to act is growing. We have been here before.Back in the early days of the pandemic the prime minister was minded to copy Sweden, a country that imposed few...…This article is more than 8 months oldThis article is more than 8 months oldIt’s easy to see why the government is reluctant to add to the economic pain with tougher restrictionsLast modified on Tue 11 Jan 2022 09.25 ESTWhether this approach will survive the expected surge in hospitalisations from Christmas and New Year revelries remains to be seen. Boris Johnson is the master of the screeching U-turn and with pressure on Downing Street to act is growing. We have been here before.Back in the early days of the pandemic the prime minister was minded to copy Sweden, a country that imposed few...WW…

This article is more than 1 year oldThis article is more than 1 year oldChancellor says move is one of measures designed to boost City after UK’s Brexit departure from EULast modified on Tue 20 Apr 2021 00.10 EDTA digital currency for the UK has moved a step closer after the chancellor Rishi Sunak announced a top-level taskforce to explore the benefits and risks of the idea.Sunak said a joint Treasury-Bank of England taskforce was being set up as part of a range of measures designed to boost the City following Britain’s departure from the EU.Speaking at a financial industry conference, the...…This article is more than 1 year oldThis article is more than 1 year oldChancellor says move is one of measures designed to boost City after UK’s Brexit departure from EULast modified on Tue 20 Apr 2021 00.10 EDTA digital currency for the UK has moved a step closer after the chancellor Rishi Sunak announced a top-level taskforce to explore the benefits and risks of the idea.Sunak said a joint Treasury-Bank of England taskforce was being set up as part of a range of measures designed to boost the City following Britain’s departure from the EU.Speaking at a financial industry conference, the...WW…

This article is more than 1 year oldThis article is more than 1 year oldNew measures of success needed to avoid catastrophic breakdown, landmark review findsLast modified on Fri 29 Oct 2021 07.35 EDTThe world is being put at “extreme risk” by the failure of economics to take account of the rapid depletion of the natural world and needs to find new measures of success to avoid a catastrophic breakdown, a landmark review has concluded.Prosperity was coming at a “devastating cost” to the ecosystems that provide humanity with food, water and clean air, said Prof Sir Partha Dasgupta, the...…This article is more than 1 year oldThis article is more than 1 year oldNew measures of success needed to avoid catastrophic breakdown, landmark review findsLast modified on Fri 29 Oct 2021 07.35 EDTThe world is being put at “extreme risk” by the failure of economics to take account of the rapid depletion of the natural world and needs to find new measures of success to avoid a catastrophic breakdown, a landmark review has concluded.Prosperity was coming at a “devastating cost” to the ecosystems that provide humanity with food, water and clean air, said Prof Sir Partha Dasgupta, the...WW…

In virtual address to World Economic Forum, Chinese president calls for multilateral approach to crisisLast modified on Mon 25 Jan 2021 23.36 ESTChina’s president, , has sent out a warning to Joe Biden that he risks a new cold war if he continues with the protectionist policies of his predecessor, Donald Trump.In an address to the virtual World Economic Forum event, Xi called for a multilateral approach to solving the economic crisis caused by Covid-19 and said the pandemic should not be used as an excuse to reverse globalisation in favour of “decoupling and seclusion”.Xi avoided mentioning...…In virtual address to World Economic Forum, Chinese president calls for multilateral approach to crisisLast modified on Mon 25 Jan 2021 23.36 ESTChina’s president, , has sent out a warning to Joe Biden that he risks a new cold war if he continues with the protectionist policies of his predecessor, Donald Trump.In an address to the virtual World Economic Forum event, Xi called for a multilateral approach to solving the economic crisis caused by Covid-19 and said the pandemic should not be used as an excuse to reverse globalisation in favour of “decoupling and seclusion”.Xi avoided mentioning...WW…

This article is more than 1 year oldThis article is more than 1 year oldEnvironmental issues are biggest danger in coming years, says international organisationLast modified on Wed 25 Aug 2021 09.44 EDTTackling the existential risk posed by the climate crisis will be made harder by the growing gap between rich and poor triggered by the Covid-19 pandemic, the World Economic Forum has said.The body that organises the annual gathering of the global elite in the Swiss town of Davos said warning signs of the threat posed by infectious disease had been ignored for the past 15 years, with...…This article is more than 1 year oldThis article is more than 1 year oldEnvironmental issues are biggest danger in coming years, says international organisationLast modified on Wed 25 Aug 2021 09.44 EDTTackling the existential risk posed by the climate crisis will be made harder by the growing gap between rich and poor triggered by the Covid-19 pandemic, the World Economic Forum has said.The body that organises the annual gathering of the global elite in the Swiss town of Davos said warning signs of the threat posed by infectious disease had been ignored for the past 15 years, with...WW…

This article is more than 1 year oldThis article is more than 1 year oldAutonomy study says with proper planning companies can prosper if staff work fewer hours for same payLast modified on Thu 25 Feb 2021 13.57 ESTA carefully designed could be introduced in the UK immediately and be affordable for most firms with more than 50 workers, a thinktank has said.A report by – which is campaigning for a shorter working week without loss of pay – said the majority of 50,000 firms studied would be able to cope with the change through higher productivity or by raising prices.The thinktank said the...…This article is more than 1 year oldThis article is more than 1 year oldAutonomy study says with proper planning companies can prosper if staff work fewer hours for same payLast modified on Thu 25 Feb 2021 13.57 ESTA carefully designed could be introduced in the UK immediately and be affordable for most firms with more than 50 workers, a thinktank has said.A report by – which is campaigning for a shorter working week without loss of pay – said the majority of 50,000 firms studied would be able to cope with the change through higher productivity or by raising prices.The thinktank said the...WW…

This article is more than 1 year oldThis article is more than 1 year oldCentre for Economics and Business Research says it expects this to happen half a decade sooner than it forecast a year agoFri 25 Dec 2020 19.01 ESTChina will overtake the US as the before the end of the decade after outperforming its rival during the global Covid-19 pandemic, according to a report.The Centre for and Business Research said that it nowexpected the value of China’s economy when measured in dollars to exceed that of the US by 2028, half a decade sooner than it expected a year ago.In its annual league table...…This article is more than 1 year oldThis article is more than 1 year oldCentre for Economics and Business Research says it expects this to happen half a decade sooner than it forecast a year agoFri 25 Dec 2020 19.01 ESTChina will overtake the US as the before the end of the decade after outperforming its rival during the global Covid-19 pandemic, according to a report.The Centre for and Business Research said that it nowexpected the value of China’s economy when measured in dollars to exceed that of the US by 2028, half a decade sooner than it expected a year ago.In its annual league table...WW…

This article is more than 1 year oldThis article is more than 1 year oldChancellor says in spending review that UK will have to keep spending despite record peacetime borrowingLast modified on Wed 25 Nov 2020 23.36 ESTRishi Sunak has warned Britain that its Covid-19 economic emergency has only just begun after responding to news of the deepest slump in more than 300 years by pledging a fresh £55bn to tackle the pandemic.On the day that reached a new second-wave peak of 696, the chancellor said that despite borrowing a peacetime record of £394bn this year, he would need to carry on spending...…This article is more than 1 year oldThis article is more than 1 year oldChancellor says in spending review that UK will have to keep spending despite record peacetime borrowingLast modified on Wed 25 Nov 2020 23.36 ESTRishi Sunak has warned Britain that its Covid-19 economic emergency has only just begun after responding to news of the deepest slump in more than 300 years by pledging a fresh £55bn to tackle the pandemic.On the day that reached a new second-wave peak of 696, the chancellor said that despite borrowing a peacetime record of £394bn this year, he would need to carry on spending...WW…

This article is more than 1 year oldThis article is more than 1 year oldMarkets rally across Asia and Europe as analysts expect Democrats to triumphLast modified on Wed 20 Jan 2021 22.19 ESTShare prices in the City registered their amid investor hopes that a Joe Biden victory in the would result in a major new stimulus package.London’s leading stock market index, the 100, closed up by 131 points, or 2.33%, at 5786 as the gloomy mood of last week faded.A rally in share prices began overnight in the Asia-Pacific region and moved on to Europe where all the big bourses posted gains. All three...…This article is more than 1 year oldThis article is more than 1 year oldMarkets rally across Asia and Europe as analysts expect Democrats to triumphLast modified on Wed 20 Jan 2021 22.19 ESTShare prices in the City registered their amid investor hopes that a Joe Biden victory in the would result in a major new stimulus package.London’s leading stock market index, the 100, closed up by 131 points, or 2.33%, at 5786 as the gloomy mood of last week faded.A rally in share prices began overnight in the Asia-Pacific region and moved on to Europe where all the big bourses posted gains. All three...WW…

Brazilian Finance Minister Fernando Haddad, left, with colleagues at a recent G20 news conference.Jose Luis Magana/AP This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s 3,000 billionaires should pay a minimum 2 percent tax on their fast-growing wealth to raise about $313 billion a year for the global fight against poverty, inequality, and global heating, ministers from four leading economies have suggested. In a sign of growing international support for a levy on the super-rich,...…Brazilian Finance Minister Fernando Haddad, left, with colleagues at a recent G20 news conference.Jose Luis Magana/AP This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s 3,000 billionaires should pay a minimum 2 percent tax on their fast-growing wealth to raise about $313 billion a year for the global fight against poverty, inequality, and global heating, ministers from four leading economies have suggested. In a sign of growing international support for a levy on the super-rich,...WW…