Eurozone interest rates could be cut today; UK won’t take HS2 phase 2 ‘back off the shelf’ – business live
Rolling coverage of the latest economic and financial newsThe UK government is playing down this morning’s reports that it will reverse Rishi Sunak’s decision to only run the HS2 rail line from London to Birmingham.Asked about reports it will revive HS2 to Crewe (see 8.45am), a DfT spokesperson has said:“We have always said we won’t be taking plans for HS2 phase 2 back off the shelf after the Conservatives took a wrecking ball to the project and allowed costs to spiral completely out of control. “But we are committed to delivering better rail connectivity across the north, as set out in our manifesto. “Transport is an essential part of the Government’s mission to rebuild Britain and grow our economy.”“We delivered organic sales growth, driven by positive real internal growth. Consumer demand has weakened in recent months, and we expect the demand environment to remain soft.Given this outlook and our further actions to reduce customer inventories in the fourth quarter, we have updated our full-year guidance, with organic sales growth expected to be around 2%, in line with the first nine months. Continue reading...
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Rolling coverage of the latest economic and financial news
The UK government is playing down this morning’s reports that it will reverse Rishi Sunak’s decision to only run the HS2 rail line from London to Birmingham.
Asked about reports it will revive HS2 to Crewe (see 8.45am), a DfT spokesperson has said:
“We have always said we won’t be taking plans for HS2 phase 2 back off the shelf after the Conservatives took a wrecking ball to the project and allowed costs to spiral completely out of control.
“But we are committed to delivering better rail connectivity across the north, as set out in our manifesto.
“Transport is an essential part of the Government’s mission to rebuild Britain and grow our economy.”
“We delivered organic sales growth, driven by positive real internal growth. Consumer demand has weakened in recent months, and we expect the demand environment to remain soft.
Given this outlook and our further actions to reduce customer inventories in the fourth quarter, we have updated our full-year guidance, with organic sales growth expected to be around 2%, in line with the first nine months.
Continue reading...
