US Consumer Price Index rose 0.4% in Nov, as expected

U.S. consumer prices accelerated in November amid a rebound in gasoline prices Declining health-care and apparel costs curbed underlying inflation pressures The Labor Department said on Wednesday its Consumer Price Index increased 0.4 percent last month after edging up 0.1 percent in October   U.S. consumer prices accelerated in November amid a rebound in gasoline … Continue reading US Consumer Price Index rose 0.4% in Nov, as expected

European finance ministers call for US tax reform rethink

Europe's five biggest economies say US tax reform could contravene WTO rules The finance ministers of Britain, France, Germany, Italy, and Spain have jointly written to U.S. Treasury Secretary Steven Mnuchin They warn the tax measure scoudl hamper international trade   The finance ministers of Europe's five largest economies called in a letter to Treasury … Continue reading European finance ministers call for US tax reform rethink

Labour could move parts of Bank of England to Birmingham

Report launched by John McDonnell says Bank needs to help hi-tech firms and tackle regional inequality   Parts of the Bank of England could be moved out of London to Birmingham under Labour plans to push investment into other parts of the UK. The radical plan threatens the historic association of the Bank with Threadneedle … Continue reading Labour could move parts of Bank of England to Birmingham

Labour backs ‘easy movement’ of EU workers after Brexit, says Keir Starmer

Shadow Brexit secretary tells Andrew Marr position would ensure UK kept full benefits of single market and customs union   Keir Starmer has said Labour is prepared to accept the “easy movement” of workers between the EU and Britain in order to secure the benefits of both the single market and customs union after Brexit. … Continue reading Labour backs ‘easy movement’ of EU workers after Brexit, says Keir Starmer

Decade in the making: post-crisis banking rules finally signed

The rules, known as Basel III, aim to shield governments by having private investors suffer losses first "The focus of the reforms was to reduce regulatory uncertainty," European Central Bank President Mario Draghi, the chairman of Basel's oversight body, said   Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, capping … Continue reading Decade in the making: post-crisis banking rules finally signed