May urges EU leaders to move on with Brexit talks

Theresa May, British Prime Minister

Theresa May, British Prime Minister, will urge European Union leaders to approve an agreement to move Brexit talks on to a second phase on Thursday, describing it as a fair deal that offers a good base for a discussion of future ties. According to report by Reuters, at the beginning of a dinner in Brussels, 24 […]

UK state pensions ranked the worst in the developed world

The British state pension is now worst in the developed world as it has fallen below Mexico and Chile, data shows. An average worker entering the UK workforce today can expect to receive less than a third (29 per cent) of their final working salary as a basic pension income after tax, according to a […]

EU members approve post-2020 CO2 market reform deal

Representatives from EU member states Wednesday approved proposed changes to the EU Emissions Trading System, following an informal agreement reached November 8 between the EU Parliament and Council. “The ETS reform will help the EU to deliver on its target of cutting greenhouse gas emissions by at least 40% by 2030, as agreed under the […]

U.K. predicts worse growth, earmarks cash for hard Brexit

Prime Minister Theresa May’s under-fire government acknowledged the U.K. economic outlook is deteriorating as it set aside an extra 3 billion pounds ($4 billion) to prepare for all possible Brexit outcomes. Opening his Budget speech in Parliament on Wednesday, Chancellor of the Exchequer Philip Hammond said the Office for Budget Responsibility now sees 2018 economic […]

Germany’s economy powers into year-end amid political uncertainty

Angela Merkel, Germany's Chancellor

Germany’s economy is probably strong enough to shrug off the country’s dive into political uncertainty for now. The collapse of coalition talks has cast a shadow over Chancellor Angela Merkel’s ability to provide stable leadership for Europe’s most powerful nation, just as the region seeks stronger integration. Yet the turmoil in the capital of Berlin […]

Skills shortage tightens around UK construction sector

Britain’s shortage of surveyors, bricklayers and other construction workers is holding back building work just at the time when the country needs more houses and infrastructure. Almost two-thirds of surveyors said a lack of skilled workers is a key factor limiting building activity, according to the Royal Institute of Chartered Surveyors. The skills shortage has […]