In the News: The Galvin Round-Up

Businesses criticise government for in-fighting, while inflation in the UK falls thanks to a petrol price drop and US interest rates go up – find out more with your international perspective on some recent headlines.

Businesses criticise government for in-fighting

British business groups have released a joint statement criticising politicians for focusing on in-fighting instead of preparing for Brexit.

In the joint statement, the British Chambers of Commerce, the Confederation of British Industry, manufacturers’ organisation the EEF, the Federation of Small Businesses and the Institute of Directors have warned the UK doesn’t enough time to prepare for a no-deal scenario.

With 100 days to go before the UK leaves the EU, the groups say firms have been “watching in horror” at the ongoing infighting within Westminster, “rather than practical steps that business needs to move forward”.

UK inflation falls thanks to petrol price drop

The UK inflation rate fell to 2.3% in November, from 2.4% the previous month, largely because of a big fall in petrol prices.

The Consumer Prices Index (CPI) figure for November is at its the lowest since March 2017, according to the Office for National Statistics. This was in line with analysts’ expectations.

Inflation changed so little because of falling petrol prices, thanks to a big drop in the cost of crude oil.

US interest rates go up despite Trump’s warnings

The Federal Reserve has raised interest rates, despite warnings from Donald Trump to do so. The US central bank voted to lift the Federal Reserve’s key interest rate by 0.25%, to a target range of 2.25%-2.5%, and said future increases could come at a slower pace because of concerns about global growth.

Trump urged the bank not to make “another mistake!” in increasing rates, and advised winding down a multi-billion dollar stimulus programme brought in after the financial crisis.

The Galvin News Round-Up

Do you ever wonder how the latest headlines could affect your business? Galvin International’s round-up of current events will give you the international perspective you’re looking for.

Our exclusive newsletter highlights the most important and intriguing news of the week, providing analysis and insight on everything from economics to employment trends. To stay in the loop about business overseas, subscribe here – and don’t miss out on the stories that could shape your company.’




Find us


Contact: John Galvin
Mobile: +44-(0)7905-797723 | Office: +44-(0)203-755-3706
Address: 344-354 Gray's Inn Road, London WC1X 8BP, United Kingdom

New York

Contact: Brandon Rosenthal
Mobile: +1-914-906-0474 | Office: +1-212-452-7810
Address: 450 Lexington Avenue, New York, NY 10017, USA

In the News: The Galvin Round-Up

Subscribe to our news round-up for an international business perspective on the latest headlines.

yesBy checking this box, you agree to receive Galvin International updates and offers via email. All subscribers must be over the age of 16. Recurring automated marketing messages will be sent to the email address provided. You can unsubscribe at any time.View Terms of Use and Privacy Policy.