Economy

Online Scams: UK consumers clueless on how to avert frauds

A recent report by Which? has stated that the UK’s biggest banks are failing to provide proper support to fraud victims, leaving them feeling vu...

RBA to cut bond buying program by 20% after a month

The Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has...

What do we know about UK's fuel poverty?

Summary  Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the...

What is The Triple Lock on Pension Saving?

Chancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent t...

How have the COVID-19 lockdowns affected employment in Australia?

Summary  Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (AB...

UK begins Covid-19 vaccine donation, to give away 9 million jabs

Summary  The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries w...

Planning to invest? Keep track of these economic indicators

Summary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and r...

What are the benefits and risks of a ‘vaccine passport’ for UK busin...

The widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in f...

What's the buzz around National Insurance in the UK?

Summary  The UK government may hike the national insurance contribution in order to tackle a shortfall in social care funding. The UK governm...

Lloyds Report: Why hospitality surged in June despite a slowdown in...

Summary  The hospitality sector touched a 9 year high in its June output despite a majority of other sectors recording a slowdown, according t...

Spike in Covid cases: Which sectors are likely to get impacted most?

Summary Covid-19 cases saw a recent surge that could derail the economic recovery and impact different sectors. Hospitality, Airlines, and Rea...

Covid trouble continues: UK sees 36,800 new Delta variant cases

Summary Delta variant cases in the United Kingdom increased by 36,800 All the legal restrictions will be lifted from Monday, 19 July The rate of...

UK Government to levy first-of-its-kind Sugar and Salt Reformulation...

Summary The UK government is considering levying a Sugar and Salt Reformulation Tax to lower meat and junk food consumption. Taxes raised would he...

Know what’s latest in the global economic calendar

Summary  Economies across the globe are actively recovering from the COVID-19 crisis, with major policy changes looming ahead. Improvement in...

UK construction sector expands at fastest pace in 24 years

Summary UK construction output registered the strongest rate in the last 24 years The IHS Markit/CIPS Construction PMI jumped to 66.3 in the month...

UK government mulling scrapping quarantine rules for fully vaccinate...

The government is planning to scrap quarantine rules for travellers who are fully vaccinated and returning from amber listed countries. It was reporte...

UK on course to strengthen international trade as an independent nat...

Summary Of late, the government has been apparently working on a slew of measures that can bolster the trade prospects of the UK as an independent...

New Right-to-Repair Standard for the UK in Action

Summary UK’s new right-to-repair standard came into force from 1 July. As per the new rules, now manufacturers of white goods are required t...

Global minimum corporate tax of 15% to give countries right to tax p...

Summary The US’ proposal for a minimum level of global corporate tax has found the backing of 130 nations. A proposal for charging a 15% min...

What rules are changing in the UK from 1 July?

Summary The government has decided to put on hold the complete reopening of the economy till July due to the threat of the Delta variant....