Economy

Sunak delays business rates review until autumn 

  Chancellor of Exchequer Rishi Sunak is expected to delay the final report on business rates’ review for the November, a Financial Times...

Why the UK consumer confidence index rose in February

  The Growth for Knowledge (GfK) has found that the UK consumer confidence index has risen to -23 in February, indicating a five-point...

How Johnson's 100-Day Target for New Covid-19 Vaccine Will Help Coun...

  Prime Minister Boris Johnson has set out a 100-day target for developing new Covid-19 vaccines alongside calling on world leaders to back the...

Why Rishi Sunak Might Have to Hike Taxes To £60 Bn A Year

  A recent study by the Institute for Fiscal Studies (IFS) has warned the government that if the furlough support scheme is not targeted properl...

UK CPI inflation jumps to 0.7% in January

UK consumer prices index (CPI) based inflation jumped to 0.7 per cent, while the consumer prices index including owner occupiers’ housing costs...

Vaccines to inject optimism in world economy, IMF pegs US growth at...

ed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun...

Will the new UK budget by Sunak have a green tinge?

The budget this year is expected to contain environment friendly measures. News reports have highlighted that Chancellor of the Exchequer Rishi S...

How Brexit Can Lead to Increase in Energy Prices for UK Businesses

  The UK businesses may have to face a price hike in energy prices post Brexit mainly due to factors like surge in transportation costs and the...

How Can UK’s New £10-Mn Green Finance Push Impact Climate Talks

The UK government has announced a £10-million climate capital investment for green finance research hubs in London and Leeds. The news comes ahe...

US Dollar drops to 3-week low as vaccine optimism abounds

significantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a thre...

UK government urges those over 70 to take Covid-19 jabs

  In a final push to meet the vaccination target, UK ministers are asking those between 70 and 80 years to get their first Covid-19 shot. O...

Post-Brexit relief: UK government to give £20m aid to support SMEs

In order to support the smaller businesses in the United Kingdom, the Boris Johnson government has announced a monetary aid of &po...

How Effective Is the Government’s Approach of Imposing A Cladding Ta...

In a bid to make high-rise buildings safer, the British housing secretary announced a £3.5-billion plan to replace combustible cladding that can...

UK economy contracts by 9.9% in 2020, largest-ever annual fall in GD...

  The UK economy recorded the “largest-ever” annual fall with the GDP slipping by 9.9 per cent in the pandemic-laden calendar year,...

What does EU proposal to delay application of post-Brexit trade deal...

The European Commission has asked its member states to delay the applications of the post-Brexit trade deal with UK till April.  On Tuesday, the...

Is the UK economy poised for a sharp turnaround?

  Andy Haldane, chief economist at the Bank of England, has said that the current state of the UK economy is like a coiled spring bursting to re...

What Does RICS’ Latest Survey Say About Property Prices in the UK

The third lockdown imposed in the UK has cast a shadow on its property market. In its monthly survey RICS (the Royal Institution of Chartered Surveyor...

Why is Mastercard supporting cryptocurrencies on its network? 

Credit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform s...

UK exporters facing Brexit-related hurdles, says study

Almost half of British businesses exporting goods have run into trouble due to Brexit transition regarding trade terms with the European Union, a Brit...

Why are the UK finance tax receipts projected to drop this year? 

A report released by the City of London Corporation has stated that the amount of tax contribution from the British financial sector for 202...