UK reportedly faces more than £20bn hit from steeper productivity downgrade, fuelling tax rise speculation – business live - short news
Government’s official forecaster to cut productivity growth prediction more than expected, which could result in bigger budget hole
Here’s more on HSBC.
HSBC has reported a 14% drop in third quarter profits to $7.3bn (£5.5bn), as it took a dual hit from both a real estate downturn in Hong Kong, and a lawsuit over the Bernard Madoff ponzi scheme.
It came as the London-based bank reported a 24% jump in operating costs to $10.1bn, which included restructuring costs -..
source: The Guardian - 28.10.2025