Gospodarka

The Bank of England has warned Britain risks falling into recession next year as Rishi Sunak gears up for an election battle. In a bleak assessment for 2024, Threadneedle Street policymakers slashed forecasts for UK growth to zero as the Monetary Policy Committee held interest rates at 5.25pc for the second straight meeting.more

Along with Mexico, Vietnam, Indonesia and Morocco, Poland is one of the key countries in the changing global economy that benefit most from changes in global supply chains resulting from the rivalry between the US and China, according to an analysis published by Bloomberg. The report points to Poland's importance in the context of battery production.more

Poland is the largest exporter of candles among EU countries - according to Eurostat data. In 2022, Poland exported candles worth EUR 922 million (38% of total candle exports in value terms). The next places were taken by the Netherlands (EUR 246 million) and Germany (EUR 205 million).more

Plans to close railway station ticket offices in England have been scrapped, in a government U-turn. The transport secretary, Mark Harper, said the “government had asked train operators to withdraw their proposals”.more

Petrol prices should be cut by 5p a litre by the biggest fuel retailers to reflect their lower wholesale costs, the RAC has said. The motoring body also says that drivers have not yet felt the benefits of the government's 5p duty cut brought in last year.more

Poland advanced one place to 29th position in a study measuring the purchasing power of 42 European countries - according to the "GfK Purchasing Power Europe 2023" study. The average purchasing power per inhabitant of Poland this year is 10.9 thousand euro, while the average for Europe is over 17.6 thousand. euro - added.more

Diamond prices have fallen around the world and the Canadian company Stornoway has stopped unprofitable mining in a diamond mine in northern Quebec. Among the causes is the production of diamonds in laboratories.more

Artificial intelligence (AI) will bring as much change as the industrial revolution, but it also comes with new risks and new fears, in the extreme, such that humanity will lose control of it, British Prime Minister Rishi Sunak announced yesterday.more

A think tank has proposed that the state pension age should rise to 75 as they issue a huge financial warning. more

The number of cars built in the UK increased by almost 40% last month, driven by a rise in exports, figures show. more

Over 6.4 million adults in the UK are now behind on their energy bills, a rise of 824,000 since April, according to new research.more

Four UK astronauts could soon be heading into orbit on an all-British mission. An American company that organises visits to the International Space Station (ISS) is developing the plan.more

The Polish furniture industry is struggling with increasing problems - reports "Rzeczpospolita". The reasons include: decline in sales, also on export markets, increasing prices of wood from the State Forests and increases in the minimum wage.more

The cap on bankers' bonuses is being removed as part of a post-Brexit shake-up of UK financial rules, it has been confirmed. The plan was announced by former chancellor Kwasi Kwarteng last year as a way of making London a more attractive place to do business.more

At a meeting in Luxembourg, the EU's '27' ministers responsible for fisheries agreed next year's catch limits. Importantly for Poland, there will be no ban on herring fishing in the Baltic Sea next year - this was previously proposed by the European Commission.more

More than one million children in the UK experienced the most extreme form of poverty last year - that is, their families could not afford to feed, clothe, keep themselves hygienic or keep warm - according to a report published today by the Joseph Rowntree Foundation (JRF).more

In Sweden, real wages have decreased in the last two years for the first time since the 1990s due to high inflation. The average gross salary in this country is 38,300 kroner (PLN 14,500); income tax still has to be paid on this depending on where you live.more

Cost of living pressures and NHS backlogs are creating a two-tier health service in England, where people who cannot afford to pay wait longer for care, warns a watchdog. more

Train passengers are facing another six months of potential strikes, after members of the RMT union voted for further industrial action. The dispute with rail companies has been going on for nearly 18 months more

A record number of more than one million food parcels are expected to be distributed during the coming winter by The Trussell Truss charity, which supports more than 1,300 food banks in the UK.more

Grocery price inflation has declined again but prices are continuing to rise for consumers. A survey of over 30,000 products in Irish supermarkets by research group Kantar revealed that shoppers paid 10.5pc more for these goods in the 12 weeks to October 1 compared with the same period in 2022.more

For the first time in almost two years, the average increase in basic wages in the UK was faster than the rate of inflation, the Office for National Statistics (ONS) said.more

A quarter of working parents in London have struggled to afford to feed their families in the last year, a survey has found. One in four also said they had skipped a meal or not bought food to feed themselves more than once to ensure their children could eat.more

An Irish business owner has admitted he is concerned that wage inflation could hit his growth and expansion plans over the coming years. Velo Coffee founder, Rob Horgan, said that while he welcomed many of the measures announced in the Budget to tackle the cost-of-living crisis, he was very worried about the potential impact of wage inflation on small and medium-sized Irish businesses over the comore

The International Monetary Fund has rejected government suggestions that its latest assessment of the UK economy is too gloomy. The influential global group forecasts the UK will have the highest inflation and slowest growth next year of any G7 economy, falling behind the US, France, Germany, Canada, Italy and Japan.more