Economy


Reality Check: Has immigration hit wages?

The claim: Immigration has held down wages in the UK. Reality Check verdict: Current research suggests there was a small, negative impact on the wages of low-skilled workers, which was outweighed by other factors such…


Black Friday steals Christmas shoppers

Image copyright Getty Images UK retail sales fell by more than expected in December after consumers brought forward their Christmas shopping to November, the Office for National Statistics has said. Sales volumes fell by 0.9%,…



How Corn Flakes became a million dollar idea

Corn Flakes are the world’s most popular breakfast food. But did you know they were invented by a penny-pinching American doctor who thought they’d be the cure for sex mania? Aaron Heslehurst explains how they…



Why are the Chinese buying fewer cars?

Image copyright Getty Images Image caption The fact that President Trump’s limousine is a Cadillac is said to have helped the US carmaker’s sales in China If you’re selling Cadillacs in China, it helps that…


Inflation falls to lowest level in nearly two years

Image copyright PA The UK inflation rate fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) figure was the lowest in…


Chancellor hints at Article 50 delay

Image copyright AFP Chancellor Philip Hammond has raised the possibility of an extension to Article 50, the process by which the UK is due to exit the EU. In a call with business leaders on…


Turkey: Could the US damage its economy?

President Trump has said the US will “devastate Turkey economically” if Ankara decides to attack Kurdish groups in Syria. Mr Trump was referring to his plan to pull US forces out of Syria, where they…