Economy

Budget 2021: Tax hikes to take burden to highest value since 1960s,...

Source: Natee Meepian, Shutterstock Summary Tax hikes announced by British finance minister Rishi Sunak would push the nation’s overall ta...

Budget 2021: How Sunak Plans to Protect Jobs and Livelihoods

ions and extensions to various schemes without worrying about acute rise deficit. In order to reinforce job security, Chancellor of the Exchequer...

Budget 2021: How the housing market can gain from recent sops

prices of major home builders rose by nearly 6 per cent after the budget announcement. The Budget announced yesterday on 3 March had boosted the...

New GMC Hummer EV’s crabwalk feature set to enrich driving experienc...

Source:LeStudio,Shutterstock Summary The new all-electric Hummer by General Motors is all set to change the way people drive. In a recent video...

Budget 2021: UK economy to regain its pre-pandemic size by mid-2022,...

Source: Worawee Meepian, Shutterstock  Summary While announcing the UK budget 2021, British FM Rishi Sunak said that the economy would rega...

Budget 2021: Rishi Sunak To Stretch Furlough Support Until September

Source: Elle Aon, Shutterstock Summary The coronavirus job retention scheme could be extended till end of September, but businesses might need to...

What to look out for in the UK Budget 2021

ents to kickstart the economy, like setting up of a new infrastructure banks. All eyes are on Rishi Sunak as tomorrow is a big day for him when h...

Strong Demand Lifts Factory Activity Across the Globe in February

is further expected to push demand and factory activity over the near term. Without a doubt, COVID-19-driven lockdown restrictions initially weig...

How simplifying the tax system can help Sunak going forward

at support to individuals and businesses would continue till the pandemic lasts. British finance minister Rishi Sunak has a huge task of bringing...

UK car sector seeks breather from Sunak in Budget 2021

y’s concerns are not met, it might miss on its environment goals as well. Car output in January for Britain dropped by 27 per cent year-on-...

UK border delays post-Brexit getting worse, claims study 

  Getting goods into the UK from the European Union (EU) has become more chaotic and bothersome for traders post-Brexit, a study has found. Impo...

UK services show large improvement in outlook: CBI survey 

etail sales dropped in the year to February as stores slashed jobs rapidly. The businesses and professional services firms have shown their bigge...

Government announces £700-mn booster for getting children back to sc...

  The government on Wednesday announced a multi-million relief package for the education sector to ascertain a comprehensive recovery...

Why Have Holiday Bookings Suddenly Surged?

bookings; Greece, Spain, Turkey are the most favoured destinations. PM Boris Johnson’s announcement of the exit plan from lockdown led to a...

Why UK’s Staggering Unemployment Rate Is A Cause of Concern

reased about 83,000 in January The Covid-19 pandemic has led the unemployment rate in the UK, rising to 5.1 per cent in the fourth quarter of 202...

Roadmap to Recovery: Prime Minister Boris Johnson Unveils the 4-Step...

Addressing the House of Commons on Monday (22 February), British Prime Minister Boris Johnson disclosed a four-step cautious roadmap for the...

UKEF Launches Financing Scheme to Amplify Exports

  With the completion of the Brexit transition and the introduction of the newly-orchestrated arrangement between the United Kingdom and the Eur...

Sunak may extend coronavirus support into summer

navirus restrictions are still in place can be effectively managed. Rishi Sunak, finance minister, UK is all set to spend billions of pounds to k...

PM Boris Johnson To Announce Lockdown Exit Roadmap Today

The restrictions are likely to be removed in a phased manner. Prime Minister Boris Johnson is expected to declare an exit roadmap from the nation...

Have the UK hiring intentions improved in 2021?

tion, information and communications, insurance, finance, and healthcare. Businesses in the UK have shown strong hiring intension in Q1 this year...