Keeping up with the news can be tricky. Even the most eagle-eyed observer can miss a vital news story.  We think being up-to-date on economic developments is key to the success of your startup.

Every Wednesday we provide the top 10 key bits of business news from the past week.

Pound rallies on Theresa May Conservative leadership anointment


The pound rose above $1.31 as markets welcomed the removal of uncertainty from the Conservatives Party’s leadership contest, with Theresa May set to be the new prime minister.

Annuity rates ‘in freefall’ since the EU Referendum vote

Portrait of old woman in kitchen

Annuity rates – which determine the value of pension incomes – have been ‘in freefall’ since the UK’s vote to leave the EU, according to an expert.

Rates have fallen by 3.5% in the two weeks since 24 June. Before the vote, a 65 year-old with savings of £100,000 would have been able to buy an annual income of £5,069. Now the value of that pension has dropped to £4,890, a new record low.

House price growth reduces

Stamp duty doubles for first-time buyers...File photo dated 19/02/2007 of For Sale signs outside houses in Fulham, London. PRESS ASSOCIATION Photo. Issue date: Sunday March 9, 2008. The average stamp duty bill faced by first-time buyers has nearly doubled during the past five years figures showed today. People taking their first step on to the property ladder paid average stamp duty of 1,751 in 2007, 82% more than the 960 they paid in 2002, according to Britain's biggest mortgage lender Halifax. See PA story MONEY Stamp. Photo credit should read: Andrew Parsons/PA Wire

Annual house price growth eased to 8.4% in the month of June, the lowest rate in a year, according to the Halifax, the UK’s largest mortgage lender.

The quarterly rate of growth was 1.2%, the slowest since December 2014.

UK shoppers put off big buys as Brexit hits confidence


Three respected surveys show that consumers and businesses confidence has decreased to a 27th month low.

Shoppers nationwide are putting off buying big ticket items and bracing for an economic slowdown. Main areas of reduced spending include hotels, restaurants and bars, as well as new cars and foreign travel.

 New report claims robots will liberate’ 25% of business service workers by 2035


A quarter of jobs in Britain’s business services sector will be taken over by robots in the next 20 years because of falling technology costs and rising wages, a new report claims.

According to Deloitte, there is a “high chance” that of the 3.3 million roles classed as business services, including telecoms and IT, 800,000 will no longer be performed by humans by 2035.

George Osborne flies to Wall Street to reassure investors after Brexit


Chancellor of the Exchequer George Osborne heads to Wall Street on Monday aiming to shore up investor confidence in the UK’s economy and financial markets roiled by the vote to quit the European Union.

Leaving behind what’s set to be another week of political disarray at home, Osborne is embarking on a two-week shuttle tour of the US, China and Singapore in a bid to persuade financiers to stick with the UK as it prepares to end its union with the world’s largest trading bloc.

Irish economy surges 26% as revised figures take in foreign investment


GDP growth in 2015 was three times previous estimate after overseas companies were included in value of corporate sector.

England’s black market hotspots exposed


The trade in fake goods is putting hundreds of jobs at risk, experts have warned, as a BBC investigation shows the extent of the black market in England’s biggest cities.

Trading standards figures showed hotspots in Manchester, Birmingham and Newham in east London.

Commonly copied items included Beats by Dr Dre headphones, branded phone covers and cigarettes.

Mortgage rates fall to record lows


Mortgage rates are continuing to creep downwards, as the City bets on a cut in interest rates next week.

A 10-year fixed rate to be launched by the Coventry Building Society on Friday is thought to be the cheapest such deal on record. Barclays, HSBC, Metro Bank, the Leeds and the West Bromwich Building Society are among other lenders who have cut rates since the EU referendum.

Brexit is a golden opportunity for stronger US-UK trade ties, says Osborne

President Barack Obama and British Prime Minister David Cameron trade bottles of beer to settle a bet they made on the U.S. vs. United Kingdon World Cup Soccer game, during a bilateral meeting at the G20 Summit in Toronto, Canada, Saturday, June 26, 2010. (Official White House Photo by Pete Souza) This official White House photograph is being made available only for publication by news organizations and/or for personal use printing by the subject(s) of the photograph. The photograph may not be manipulated in any way and may not be used in commercial or political materials, advertisements, emails, products, promotions that in any way suggests approval or endorsement of the President, the First Family, or the White House.

The chancellor, George Osborne, will urge US investors not to turn their backs on Britain as he begins a world tour aimed at building new trade ties outside the European Union.

Osborne will meet senior figures from Wall Street in New York on Monday during the first of several missions to major economies to discuss the ramifications of Brexit on trade links.

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Originally from Grimsby, Shaun is a Politics, Philosophy and Economics Undergraduate at Goldsmiths University of London. Shaun has joined the team at Company Formations 24.7 as an Intern and Content writer for the summer period.