1 week ago UK windfall tax can fund switch to green jobs for North Sea oil workers – report

Exclusive: Campaigners call for energy profits levy to be made permanent to enable ‘just transition’ from fossil fuelsMaking permanent the UK’s windfall tax on oil and gas producers would generate enough cash to enable North Sea workers to move to green jobs, research has found.Cutting current subsidies to fossil fuel producers would free up yet more funds to spend on the shift to a low-carbon economy, according to the report. Continue reading...

Economics

2 w. ago Sadiq Khan urged to help 'alarming' number of care leavers not working or studying

Young people leaving care face a ‘cliff edge’ when they turn 18 and suddenly lack adequate support, mayor warned

Events

2 w. ago AD FEATURE: Scottish communities reclaim their spark thanks to the railway

New report reveals ScotRail helped boost Scotland's economy by over £4bn last year

Politics

3 w. ago Jobs report defies expectations and hiring remains steady despite concerns over Trump’s tariffs

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Politics

3 w. ago AP PHOTOS: US stocks sink after a weak report on the economy

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

Culture

3 w. ago US GDP report to show if economy expanded in last quarter, after eurozone growth accelerates – business live

First estimate of US GDP for Q1 2025 will show whether tariffs hurt growthUK house prices fall but market ‘likely to pick up’ during summerChina manufacturing activity plummets amid Trump tariff warFrance’s economy is likely to “flirt with stagnation” throughout the year, despite the small rebound in GDP in the last quarter, predicts Dutch bank ING.Charlotte de Montpellier, ING’s senior economist for France and Switzerland, explains:The additional customs duties in the US and their direct and indirect impact will delay the French economy’s rebound. We estimate that the direct effect of a permanent 10% import duty in the US on French GDP (via a reduction in exports) will be around -0.1%.Adding to this are the effects of uncertainty, the global economic slowdown and more restrictive fiscal policy, all of which will weigh on French economic activity throughout the year. The cooling in the labour market is likely to limit the recovery in household consumption, and the savings rate is se...

Economics