UK Treasury rejects OECD’s call for second Brexit referendum – The Guardian

The Treasury has flatly rejected calls by the west’s leading economic thinktank for a second EU referendum after the Organisation for Economic Cooperation and Development said a second poll would significantly benefit the economy. “We are leaving the EU and there will not be a second referendum,” the Treasury said in a terse statement that […]

UK inflation at highest since April 2012 – BBC News

Media captionPound’s fall has driven inflation, says Mark Carney The UK’s key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer Prices Index (CPI) climbed to 3%, a level it last reached in April 2012, and up from 2.9% in August. […]

UK spy agencies may be circumventing data-sharing law, tribunal told – The Guardian

MI5 and MI6 may be circumventing legal safeguards when they share bulk datasets with foreign intelligence services and commercial partners, a court has been told. Most of the bulk personal datasets relate to UK citizens who are not of “legitimate intelligence interest”, the investigatory powers tribunal (IPT) has heard. The system of independent commissioners, usually […]

Hurricane Ophelia: Schools closed and thousands without power – BBC News

Media captionHigh winds caused damage across Ireland Schools are closed and hundreds of thousands of people remain without electricity in Ireland after Ophelia battered the British Isles. All schools in Northern Ireland and the Republic of Ireland remain closed for a second day as the clear-up continues. Some 245,000 homes and businesses are without electricity […]

Bank of England’s Mark Carney says inflation hasn’t peaked yet after hitting 3% today – business live – The Guardian

US Industrial production rose 0.3% month on month, in line with expectations. A two-tenths upward revision to August was also announced (-0.7% versus -0.9% originally reported). The details show that manufacturing output rose 0.1% month on month, utilities grew 1.5% month on month while mining was up 0.4% month on month. The Federal Reserve had […]

UK inflation rate hits five-year high of 3% – business live – The Guardian

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Britain’s inflation rate could hit a new five-year high this morning, hitting people in the pocket and putting more pressure on the Bank of England to raise interest rates in November. City economists predict that inflation, […]

EU is not ‘the enemy’ and Brexit talks are ‘constructive,’ UK finance minister insists – CNBC

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Hurricane Ophelia: UK faces more storm disruption – BBC News

Image copyright NIE Image caption Trees felled in the storm have blocked roads and train lines Winds of more than 70mph and heavy rain are hitting parts of Scotland and England as remnants of Hurricane Ophelia continue to affect the UK. All schools in Northern Ireland and the Republic of Ireland remain closed for a […]

Automation will affect one in five jobs across the UK, says study – The Guardian

Workers in the constituency of shadow chancellor John McDonnell are at the highest risk of seeing their jobs automated in the looming workplace revolution that will affect at least one in five employees in all parliamentary seats, according to new research. The thinktank Future Advocacy – which specialises in looking at the big 21st century […]

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