Faarea Masud

London

Business Journalist at BBC

I laugh at my own jokes. Journalist @BBCNews … Trying to get to the South Pole. My TV documentary Shrimps, Saris & Guns: https://t.co/w4I3QrzB3e

Articles

Higher pay and benefits drives government borrowing higher

1 day ago | ca.finance.yahoo.com | Faarea Masud

The government borrowed more than expected in the year to March due to increased spending on pay and benefits, according to official figures. Borrowing, the difference between spending and income from taxes, was £151.9bn in the year to March, up £20.7bn from the year before. The amount borrowed was much higher than the £137.3bn predicted by the UK's official forecaster.
UK inflation falls as price of petrol comes down

1 week ago | yahoo.com | Faarea Masud

Falling petrol prices drove UK inflation down by more than expected in the year to March. Inflation was 2.6%, down from a rate of 2.8% in February, according to official data. But the fall may only be temporary as analysts say it's expected to spike from April as rising bills and higher business costs take hold. "The only significant offset came from the price of clothes which rose strongly this month," said Grant Fitzner, chief economist at the Office for National Statistics (ONS).
UK jobs market weakens as employment costs grow

1 week ago | yahoo.com | Faarea Masud

Job vacancies have fallen to the lowest level in nearly four years, suggesting demand for workers is weakening as employment costs grow. The number of jobs on offer fell to 781,000 in the first three months of the year, the Office for National Statistics (ONS) said, while payroll numbers also declined.
Oldest Post Office scandal victim says new compensation offer 'not good enough'

1 week ago | yahoo.com | Emma Simpson |Faarea Masud

The oldest surviving victim of the Post Office Horizon scandal has had her offer of compensation increased but she said "it's still not good enough". Betty Brown, 92, was originally offered less than a third of what she had claimed for, but she has now received a new offer of 60%. However the former sub-postmistress told the BBC justice was still being denied.
'It's a huge blow to Scotland's whisky industry'

3 weeks ago | bbc.com | Faarea Masud |Jennifer Meierhans

Business in England, Scotland, Wales and Northern Ireland tell us what US tariffs could mean for them.
Tesco to raise wages by 5% but scrap Sunday bonus

1 month ago | bbc.com | Faarea Masud

Tesco to raise wages by 5% but scrap Sunday bonusFaarea MasudGetty ImagesTesco will lift pay for its store staff by 5.2% but will scrap the extra pay for working on Sunday. The UK's biggest supermarket chain said the hourly rate will go up by 43p to £12.45 from 30 March after reaching a deal with unions. It will raise pay again to £12.64 from the end of August - a little above the UK national minimum wage which is set to rise to £12.21p per hour from April.
Trade turmoil forecast to slash growth in Canada and Mexico

1 month ago | nz.news.yahoo.com | Faarea Masud

US President Donald Trump's escalating trade tariffs will hit world growth and raise inflation, the OECD has predicted in its latest forecast. Canada and Mexico are forecast to see the biggest impact as they have had the harshest tariffs imposed on them, but US growth is also expected to be hit. The OECD has more than halved its growth outlook for Canada for this year and next, while it expects Mexico to be pushed into a recession. Trump has imposed 25% tariffs on all steel and aluminium imports.
Canada and Mexico growth forecasts slashed by OECD

1 month ago | businessandamerica.com | Faarea Masud

US President Donald Trump’s escalating trade tariffs will hit world growth and raise inflation, the OECD has predicted in its latest forecast. Canada and Mexico are forecast to see the biggest impact as they have had the harshest tariffs imposed on them, but US growth is also expected to be hit. The OECD has more than halved its growth outlook for Canada for this year and next, while it expects Mexico to be pushed into a recession. Trump has imposed 25% tariffs on all steel and aluminium imports.
Trump threatens 200% tariff on alcohol from EU

1 month ago | bbc.com | Natalie Sherman |Faarea Masud

Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.
Challenge to £3bn rescue deal dismissed

1 month ago | bbc.com | Simon Jack |Faarea Masud

Challenge to Thames Water rescue deal dismissedSimon Jack & Faarea MasudReutersA £3bn rescue loan for Thames Water is still on track after an appeal against the deal was dismissed. But a small group of lenders had argued against the terms of the deal, while Liberal Democrat MP Charlie Maynard had argued that extra lending was not in the public interest.