Tag: rise

Covid: Public spending rise could last longer

Image copyright Getty Images The government must choose this autumn between more austerity and permanently higher spending, experts warn. Although the Autumn Budget has been cancelled, the Treasury is still set to publish a Spending Review containing government expenditure plans. Because of Covid-19, public spending is likely to rise to the highest share of national income in more than a… Read more →

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India start-ups flounder as tensions with China rise

By Nikhil InamdarBBC Business Correspondent, Mumbai image copyrightGetty Images image captionChinese companies have invested Indian start ups like Zomato Indian start-ups, still reeling from the effects of a global pandemic, are now faced with a fresh challenge: the ongoing military standoff between Delhi and Beijing. India has been on an economic offensive since June, when a border clash in the… Read more →

Co-ownership: Housing body sees threefold rise in demand

Image copyright Getty Images A housing association that helps people buy homes through shared ownership has received an almost threefold increase in applications over the past seven weeks. Co-Ownership usually deals with an average of 50 applications per week. However, since the beginning of July, it has processed about 1,000. Its director of customer services told BBC News NI the… Read more →

US jobless claims rise back above one million

Image copyright Getty Images The number of Americans seeking unemployment benefits unexpectedly climbed back above one million last week, official figures show. The Labor Department said claims rose to 1.1 million, ahead of economists’ forecasts of 925,000. The rise came as US President Donald Trump faces increased pressure over his handling of the health crisis. Coronavirus infections continue to spread… Read more →

Coronavirus: First-time buyers slip on the property ladder as deposits rise

Image copyright PA Media Image caption The goalposts have moved for many first-time buyers Purchasing a first home is one of the biggest financial steps many people will ever take. But changes to the housing market brought on by the Covid-19 pandemic have made that step a little bigger. For those scrimping and saving to afford a deposit, coronavirus has… Read more →