Economic news
UK regulator to dilute mortgage lending rules
FCA responds to prime minister’s call for watchdogs to focus on promoting economic growth
Geely to take Zeekr private a year after NY float
Chinese auto group blames ‘increasingly complex economic environment’, as it faces rising competition in home market
China to cut interest rates in response to trade war with US
Half-point cut to be made to banks’ reserve requirement ratio and 1tn yuan released into banking system
China will cut interest rates and inject some much-needed liquidity into the domestic economy, as the country steels itself for a bruising trade war with the US.
The People’s Bank of China said on Wednesday it would make a half-point cut to the banks’ reserve requirement ratio, its benchmark interest rate, and release 1tn yuan (£103.6bn) into the banking system.
Government defends NI exemption in UK-India trade deal
Opposition parties claim the new trade agreement means Indian workers will be cheaper for employers to hire.