Singapore / DPA With fewer contracts to go around and labour costs continuing to rise, construction firms are being squeezed from both sides. The broader effect on the economy may not be dire, with the sector accounting for only about 5 per cent of GDP. But economists expect – and firms fear – that there will be casualties within the ...

Bloomberg U.K. Chancellor of the Exchequer George Osborne is sticking to his guns. Tripped up by an economy proving weaker than forecast and with lower tax revenues as a result, Osborne is set to use his budget on March 16 to deliver even more austerity to meet a legally binding pledge of a fiscal surplus by the end of the ...

Bloomberg The pound’s best rally in eight months against the dollar may be in danger of unraveling as investors brace for the stewards of both monetary and fiscal policy to give sobering messages on the outlook for Britain’s economy. Sterling, still the worst-performing Group-of-10 currency of 2016, got a reprieve in the past two weeks. The gains reflected easing investor ...