The chancellor’s mini-budget “complicated matters” for the Bank of England as it battled to bring down inflation, the International Monetary Fund’s chief economist has told Sky News. In an interview at the IMF’s annual meetings in Washington, Pierre-Olivier Gourinchas warned the coming years would “not be very pleasant” for the global economy. He also said
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Billions of pounds awarded as part of COVID-19 employment support schemes went to people whose incomes increased or “were not significantly impacted by the pandemic”, a public spending watchdog has warned. The National Audit Office (NAO) has criticised the government for not doing more to prevent mistakes and fraudulent claims when rolling out the furlough
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Nascent eVTOL racing league Airspeeder has successfully completed what it is calling the “world’s first electric flying car race” during its inaugural EXA Series event. Two EXA team pilots went head to head in South Australia using remotely operated eVTOLs, kicking off a development league that will eventually feed into global Grand Prix series. Check out
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In a statement Tuesday, the Port of Rotterdam Authority’s CEO, Allard Castelein, said northwest Europe used “far more energy than it can produce in a sustainable way.” Eschcollection | Stone | Getty Images Madrid-headquartered energy firm Cepsa said it would work with the Port of Rotterdam to develop “the first green hydrogen corridor between southern
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Sky’s security and defence analyst Michael Clarke looks at how Moscow is trying to persuade Western governments that the Kremlin is serious about using nuclear weapons in the war against Ukraine. #skynews #ukraine #russia #ukrainewar #kherson #nuclearwar SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook:
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UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned. On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, would stop. This has been the position throughout and has been “made absolutely
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NASA on Tuesday celebrated exceeding expectations during a mission to deflect a distant asteroid, in a sci-fi like test of humanity’s ability to stop an incoming cosmic object from devastating life on Earth. The fridge-sized Double Asteroid Redirection Test (DART) impactor deliberately smashed into the moonlet asteroid Dimorphos on September 26, pushing it into a
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Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at “systemic” risk. Speaking to Sky News, the business secretary said “of course” he has confidence in Andrew Bailey, describing him as “respected”. He questioned, however, whether there was a “systemic problem” with pensions after
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