Tag: fresh

Coronavirus: Scottish finance secretary makes fresh call for new powers

Image copyright Getty Images Image caption Ms Forbes has previously called for a “robust” review of the devolved funding arrangements Scotland’s finance secretary has repeated her call to be allowed to switch capital funding to day-to-day revenue. Speaking ahead of the UK Chancellor’s summer statement, Kate Forbes also called for an end to “arbitrary” limits on borrowing. Ms Forbes said… Read more →

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UK inflation rate falls to fresh four-year low

Image copyright Dan Mullan A record fall in fuel prices, including petrol, pushed the UK’s inflation rate down to 0.5% in May, the second full month of the coronavirus lockdown. Fuel prices declined by 16.7% during the month, the Office for National Statistics (ONS) said, dragging the Consumer Prices Index (CPI) to the lowest level since June 2016. Clothing and… Read more →

Eurozone in fresh emergency action to boost economy

Image copyright AFP The European Central Bank has taken further dramatic measures try to boost the eurozone economies, amid their biggest recession since World War Two. Just months after emergency measures, the central bank said it would increase the size of its bond buying programme by €600bn (£546bn) to €1.35tn. The programme will run until June 2021, six months longer… Read more →