Economy

Why Labour is asking Sunak to extend Covid-19 support to the busines...

The Labour party has urged Chancellor of the Exchequer Rishi Sunak to extend the support for ailing companies after March, when much of...

UK Retail Footfall Plummets Amid the Third Lockdown

  The lockdown 3.0 has led to a substantial decline of 76.9 per cent in the number of store visitors during January in contrast to the previous...

Be prepared for negative rates in six months: BoE tells banks 

The Bank of England has told the banks to be ready for negative interest rates in the next six months. The Monetary Policy Committee (MPC) has asked t...

In A First, UK Launches Covid-19 Alternating Vaccine Study

    The United Kingdom launched the world’s first alternating Covid-19 vaccine dose study on Thursday under which the feasibility of...

Bank of England to update the market about the negative rates today

While the Monetary Policy Committee of Bank of England (BoE) is expected to leave the bank rate unchanged in its latest announcement on Thursday, it i...

Energy Consumers in The UK Willing to Adopt Sustainability:  Survey

Global consulting firm EY in a survey came across startling facts regarding the changing consumption pattern in the UK’s energy sector. Accordin...

Why private house approval hit a new high in December 2020

The private sector house approvals surged for the sixth straight month in December and hit a record high amid robust demand due to stimulus measures a...

UK Seeks to Join the Trans-Pacific Trade Group, A Year After Exiting...

  The United Kingdom formally applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trading bloc on Monday to incr...

Make UK urges the British government to address Brexit border delays...

Make UK, the manufacturers’ union of the United Kingdom, has urged the government to address Brexit border delay issues that...

Brexit fallout: Businesses ask government to resolve customs issues...

Business leaders across the UK have warned the government about their members facing difficulties at the national ports post Brexit deal got implement...

2020 Marks the Lowest Four-Year Average Motor Insurance Price for th...

The motor insurance premiums paid by Britons on an average seems to have gone down substantially during the year 2020. The pandemic-induced lockdowns...

RICS Survey Reveals Rise in Empty Shops and Office Spaces in the UK

The coronavirus pandemic has indeed reshaped the economy and has also influenced people lives. The consequent lockdowns seem to have weighed down heav...

Johnson visits Scotland to quell support for an independence vote 

British Prime Minister Boris Johnson would visit Scotland today for confronting the increasing support for a referendum on independence from the...

Brexit rules prompt Amazon to restrict alcohol sale in Northern Irel...

  UK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of&nb...

UK, Switzerland To Bolster Ties with A Financial Service Deal

Chancellor of the Exchequer Rishi Sunak is expected to hold talks with the Switzerland counterpart regarding the potential trade deal that is expected...

IMF downgrades UK economy’s forecast for 2021 

The International Monetary Fund has suggested that the UK economy will recover at a slower rate this year than what was predicted earli...

Why Australia’s consumer prices climbed in December quarter

The consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemi...

MPs ask Bank of England to raise green standards for bond purchase 

The British Members of Parliament are pushing the Bank of England to realign its corporate bond portfolio with the global climate agreement....

Covid-19 Impact: London Transport Body Seeks Assistance for Two Year...

The pandemic and the consequent lockdowns have forced most of us to stay indoors. This has hit the mass transport systems hard and affected their prof...

UK launches climate adaptation effort worldwide with partner nations

PM Boris Johnson has said that he will be launching a global climate adaptation initiative on Monday, under which it will be worki...