Economy

Focus Remains on Cautious Resumption of Summer Holidays

Summary There are a series of guidelines and regulations that have been instituted in order to have an added protection of the passengers and reduc...

Inlet of Fresh Air Crucial as Indoor Settings Reopen

Summary Around 25 per cent of the people are either unaware of the benefits of fresh air, and proper ventilation in the households and in the indoo...

Will FCA’s New Measures Safeguard the Loyal Insurance Customers?

The Financial Conduct Authority (FCA) has come up with new rules, after years of complaints, wherein customers renewing motor and home insurances woul...

UK Government’s £166.5 Million Cash Boost to Green Technology

Summary The UK Government has come up with a 10-point plan for a green industrial revolution In 2018, the UK government had launched a clean growt...

Interest Rates Could Rise Next Year, Says Bank of England’s Vlieghe

Summary If the economy continues to recover at a rapid speed, BoE might raise interest rate next year, said Gertjan Vlieghe. However, if the new c...

Banks Want Government to Overhaul Mortgage Support Scheme

Summary Building societies and banks urged the government to rethink mortgage support to help the homeowners struggling to pay mortgages. Support...

UK To Clamp Down on Listings That Pose Challenge to National Securit...

Summary Rishi Sunak to come up with laws for blocking companies from being listed on the LSE on the grounds of national security threat. The Chanc...

UK’s Trade with EU Drop 23% in Q1 Due to Brexit-Related Disruptions

Summary The UK’s goods trade with EU nations posted a drop of 23 per cent in the first quarter of the year. Exports to Ireland suffered seve...

UK Government Borrowing Hits Second-Highest April On Record

Summary According to the institute for fiscal studies, after reaching a record high level of debt due to economic shock after the pandemic, the bor...

How Renewable Energy Sources Evolved in The UK Over the Years

Summary The UK’s energy mix has changed drastically over the years and 42% of electricity is now from renewable sources. In the UK, the bigg...

UK retail sales see record jump in April 2021 as consumers flock for...

Summary UK retail sales recorded sharpest growth on record in April 2021 Easements have cumulatively assisted in driving the retail sales Clothin...

How Green Mortgages Can Revolutionise Energy Efficiency in the UK

Summary UK’s climate goals will increasingly depend on how it can address heating and insulation inefficiencies in the housing sector. The g...

An Increase in Energy Prices Doubles UK’s Inflation in April

UK’s Consumer Price Inflation (CPI) increased to 1.5 per cent in April, more than double to what it was in the previous month of March (0.7 per...

Lloyds Recovery Tracker Records Output Growth Across Sectors

Summary The widespread growth suggests that the UK economic recovery has moved into the fast lane. The tourism and recreation sector’s econo...

What do Rising Bond Yields Indicate About the Economy?

Summary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowd...

Did Colonial Pipeline Attack Drive US Oil Prices Up?

Summary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of ga...

What are the Factors Impacting Bond Yields?

Summary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing i...

Why UK Government Is Denying Support to Biden’s Minimum Global Busin...

Summary The UK wants the US and others to focus on bringing in provisions that make large MNCs pay more tax in the nation where they are operating....

Violators Under Watch as Government Plans to Resume International Ho...

Summary The Department for Transport and the Civil Aviation Authority have been working closely to resume the international holidays on or after Mo...

Brexit has messed up UK’s geo-political relations with EU, US

Summary The Brexit has complicated UK’s bilateral relations with many countries. France threatened that it would withdraw electric supply to...