Economy

Which taxes could replace UK’s fuel duty amid climate push?

The UK finance ministry has stated that the government may have to introduce some new taxes to replace the loss of revenues from fuel duty and other m...

Covid cases surge again: Will there be another lockdown?

Highlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on th...

How supply chain crisis is affecting the economic recovery

Highlights The economic outlook of Britain is darkening amid a full-blown fuel crisis, labour shortage, as well as clogged ports. A Christmas cata...

How covid tests and norms failed airline and travel industry

The continuation of travel restrictions and Covid-19 testing requirements in the UK attracted a lot of criticism from airline and travel bosses. Resea...

Why UK job vacancies reached record highs despite cooling unemployme...

The Office for the National Statistics (ONS) reported UK job vacancies touched a record high of nearly 1.2 million in September. The rise came as sev...

Can nuclear power help UK meet its energy demands?

Continuous increase in gas prices, rising energy bills, global energy shortages and an ambitious goal to have net zero carbon by 2050 have fueled the...

How can CO2 supply deal benefit UK businesses?

Highlights The Carbon dioxide industry and the UK government struck a supply deal on Monday to ensure uninterrupted CO2 supply. Businesses can now...

UK energy crisis: Pure Plant, other firms going bust

Highlights BP-backed energy supplier Pure Planet may join the list of energy companies going bust. Energy regulator Ofgem is responsible for selec...

Is there a massive global energy crisis in the offing?

Highlights The sudden surge in the energy demand after lows hit during the pandemic has increased the prices of oil, gas, and coal all over the wor...

How fraud affects you financially

Highlights In H1 2021, scammers stole around £753.9 million (US $1.03 billion), up by 30% as compared with H1 2020. For the first time, the...

Where does UK get its gas supply from?

Highlights On Wednesday, wholesale gas prices surged by 37% to a record high, although they dropped back after Russian President Vladimir Putin ent...

How are businesses handling UK’s rising cost pressures?

The UK’s government statistics body, the Office for National Statistics (ONS), has released a business survey result, according to which more an...

Dilemma of UK shoppers: Time to Shop or time to stop?

The UK shoppers are hitting the shops once again and this was reflected from a recent report by the Office for National Statistics. Britons are ventur...

TWITCH Streamers Hack Leaves Everyone Clueless

TWITCH experienced a massive data breach on Wednesday, which exposed the sensitive source code and details on payments to content creators on Twitch....

Has Brexit affected UK’s passport power?

Highlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secur...

Biometric passport: UK passengers stuck at airport for hours

UK airline passengers reported delays of up to four hours across prominent UK airports following biometric passport gates failure. Travellers in most...

UK services sector hit by inflationary pressures as new orders decli...

The services sector of the United Kingdom continued to face the ongoing business challenges as the enterprises passed on the sharp increases in the co...

PM warns supply shortages to Christmas. Stocks to avoid for short te...

Following Brexit, the British economy has been in a period of transition according to the UK Prime Minister Boris Johnson. Due to the pandemic and oth...

Pandora papers leak: UK government urged to tighten laws

The UK government is being called on to tighten the country’s checks against “dirty money” post leak of data from 14 offshore financ...

Is it too early to panic for Christmas?

Highlights Retailers fear panic buying during the festival season if supply chain crisis not addressed immediately. Soaring prices of European nat...