Economic News
Walmart to create 10,000 US jobs as Trump shadow looms
Another major US multinational business has pledged to create jobs in the country, with retail giant Walmart saying it plans to add 10,000 positions over the coming year.
May confirms 'hard Brexit' though final plan will face vote in parliament
Theresa May confirmed the UK will seek a new free-trade agreement rather than membership of the European Union's single market when it leaves the European Union, but said the final Brexit deal will be put to a vote in both houses of parliament.
Trump criticises House Republicans corporate tax plans
Republican plans to reform corporate tax in the United States have been labelled "too complicated" by President-elect Donald Trump, risking further hostility between him and his party.
UK health spending 'unsustainable' unless policy changes - OBR
The Office for Budget Responsibility has warned the UK budget will be harder to balance due to the rising health care costs, with public spending needing to rise by £156bn in coming decades.
House purchase lending continues to grow in November, CML reveals
House purchasing lending in the UK rose 5% to £11bn in November from a month ago as prices continued to rise, according to the Council of Mortgage Lenders on Tuesday.
Microsoft's Nadella will not change business model for Trump
Satya Nadella, chief executive officer of US tech giant Microsoft, has said that his company will not scramble to please president-elect Donald Trump.
ONS house price index rebounds for first time since Brexit vote
UK house prices rose in November for the first time since July, according to the Office for National Statistics on Tuesday.
German ZEW economic sentiment improves less than expected in January
German economic sentiment improved less than expected in January, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK inflation surges more than expected, ONS reveals
UK inflation surged more than expected to 1. 6% by the end of December, according to official data published on Tuesday, the highest level since July 2014.