A week of news showing the UK economy is slowing has ironically yielded a positive for mortgage holders and the broader economy itself - borrowing is now expected to become cheaper faster this year. Traders are now pricing in three interest rate cuts in 2025, according to data from the London Stock Exchange Group. Earlier

Former Bank of England governor Mark Carney has announced he is running to replace Justin Trudeau as leader of the Liberal Party and prime minister of Canada. Mr Carney, who was not part of the Trudeau government, has positioned himself as someone who will run as an outsider with considerable financial experience. The 59-year-old was

There has been a surprise contraction in retail sales in December, despite the month being key for many retailers due to Christmas shopping, official figures show. Retail sales fell 0.3% last month, according to the Office for National Statistics (ONS). No drop at all was expected, not least a 0.3% drop. Sales growth of 0.4%

President Joe Biden will not enforce a ban on social media giant TikTok which is due to take effect the day before he leaves the White House, a US official has said. The ban is supposed start on 19 January, a day before Mr Biden leaves the Oval Office and his Republican opponent Donald Trump

China has released a slew of economic data this morning, showing its economy grew last year by a solid 5% percent, meeting the government's target. Other annual figures released show that total retail sales of consumer goods were up by 3.5% last year, compared to 2023. But despite these positive indicators China's economy is still

Fears have been raised over the robustness of Britain's trade sanctions against Russia after the main government department enforcing the rules admitted it has no idea how many cases it is investigating. HM Revenue and Customs (HMRC), which monitors and polices flows of goods in and out of the country, says it had no central

The City watchdog is considering a formal proposal to increase Britain’s £100 contactless spending limit as part of a response to the prime minister's order for regulators to tear down barriers to economic growth. Sky News has learnt that the Financial Conduct Authority's response to a Christmas Eve letter from Sir Keir Starmer, chancellor Rachel

The future of Pizza Hut's restaurants in Britain has been salvaged after the business was sold out of insolvency proceedings to the brand's main partner in Denmark and Sweden. Sky News can reveal that Heart With Smart (HWS), Pizza Hut's dine-in franchise partner in the UK, was sold on Thursday to an entity controlled by

Train passengers caught without a ticket should be given a "yellow card" warning instead of a fine for a first offence, a watchdog says. Transport Focus has urged all operators in Britain to introduce the system to "make things fairer for everyone". The suggestion comes after the media highlighted a number of cases where passengers

Marginal gains, the science of extracting significant athletic advantage from numerous small changes, has long been a mantra in top-class sport. Numerous British competitors, from the velodrome to the track, have the medals to prove it. When it comes to economics, and more specifically to running an economy, this week has provided a lesson that