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Economy
UKEF Launches Financing Scheme to Amplify Exports
February 23, 2021 12:32 PM GMT| By Team Kalkine MediaWith the completion of the Brexit transition and the introduction of the newly-orchestrated arrangement between the United Kingdom and the European Union, the government is taking periodic measures in order to keep up the cross-border trade.....
Sunak may extend coronavirus support into summer
February 23, 2021 07:08 AM GMT| By Team Kalkine Medianavirus restrictions are still in place can be effectively managed. Rishi Sunak, finance minister, UK is all set to spend billions of pounds to keep supporting the economy over the next four months, as the ongoing lockdown threatens survival of...
Why firms have called for a reversal of £1.5bn green homes grant cut
February 22, 2021 01:56 PM GMT| By Kunal SawhneyThe UK government’s £1.5-billion green homes grant is expected to face funding cuts after it was launched in September last year. According to news reports, around 22,165 grants were issued which were worth worth £94.1 m.....
PM Boris Johnson To Announce Lockdown Exit Roadmap Today
February 22, 2021 09:10 AM GMT| By Team Kalkine MediaThe restrictions are likely to be removed in a phased manner. Prime Minister Boris Johnson is expected to declare an exit roadmap from the national lockdown on Monday, 22 February, under which the government will be issuing definitive guidelin.....
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Have the UK hiring intentions improved in 2021?
February 22, 2021 08:52 AM GMT| By Team Kalkine Mediation, information and communications, insurance, finance, and healthcare. Businesses in the UK have shown strong hiring intension in Q1 this year for the first after the coronavirus outbreak. According to the latest results of CIP...
Sunak delays business rates review until autumn
February 21, 2021 04:51 AM GMT| By Team Kalkine MediaChancellor of Exchequer Rishi Sunak is expected to delay the final report on business rates’ review for the November, a Financial Times news report stated. The business rate report is a crucial part of Sunak’s promise for provid.....
Why the UK consumer confidence index rose in February
February 19, 2021 10:13 AM GMT| By Kunal SawhneyThe Growth for Knowledge (GfK) has found that the UK consumer confidence index has risen to -23 in February, indicating a five-point increase. In January, the index was at -28. The British consum.....
How Johnson's 100-Day Target for New Covid-19 Vaccine Will Help Countries
February 19, 2021 05:57 AM GMT| By Team Kalkine MediaPrime Minister Boris Johnson has set out a 100-day target for developing new Covid-19 vaccines alongside calling on world leaders to back the collective efforts in expediting the development programme for new treatments, tests, and vaccines.....
Why Rishi Sunak Might Have to Hike Taxes To £60 Bn A Year
February 17, 2021 04:25 PM GMT| By Team Kalkine MediaA recent study by the Institute for Fiscal Studies (IFS) has warned the government that if the furlough support scheme is not targeted properly, and the books of account are not rightly balanced, the financial implications could be grave. I.....
UK CPI inflation jumps to 0.7% in January
February 17, 2021 01:19 PM GMT| By Team Kalkine MediaUK consumer prices index (CPI) based inflation jumped to 0.7 per cent, while the consumer prices index including owner occupiers’ housing costs (CPIH) grew to 0.9 per cent in the month of January with recreation and culture contributing the m.....
Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 11:20 AM GMT| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
Will the new UK budget by Sunak have a green tinge?
February 17, 2021 08:52 AM GMT| By Team Kalkine MediaThe budget this year is expected to contain environment friendly measures. News reports have highlighted that Chancellor of the Exchequer Rishi Sunak, who will present this year’s budget on 3 March, will launch green gilts, but their sca.....
How Brexit Can Lead to Increase in Energy Prices for UK Businesses
February 16, 2021 06:30 PM GMT| By Hina ChowdharyThe 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 UK leaving the EU internal energy market. The EU supplies almost half of the gas the UK con.....
How Can UK’s New £10-Mn Green Finance Push Impact Climate Talks
February 15, 2021 03:28 PM GMT| By Kunal SawhneyThe UK government has announced a £10-million climate capital investment for green finance research hubs in London and Leeds. The news comes ahead of the COP26 UN climate talks which will be hosted by the UK later this year. Be.....
US Dollar drops to 3-week low as vaccine optimism abounds
February 15, 2021 01:16 PM GMT| By Team Kalkine Mediasignificantly 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 three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
Brexit impact on British airlines: Are more job losses on cards?
February 15, 2021 12:00 PM GMT| By Kunal SawhneySummary New post-Brexit rules have created regulatory delays and bottlenecks for UK carriers operating in the EU leading to loss of business. Wet-leasing carriers lost out on several contracts due to the new rules, with smaller airlines facing .....
UK house prices rise with growing demand, says Rightmove survey
February 15, 2021 10:18 AM GMT| By Team Kalkine MediaSummary Asking prices for homes rose unexpectedly across the nation in early February, as per the latest Rightmove survey. Buyers continued to search for homes despite being a bit late for the stamp duty exemption, which will end on 3.....
UK government urges those over 70 to take Covid-19 jabs
February 13, 2021 10:23 AM GMT| By Kunal SawhneyIn 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. Over 14 million people in the UK have received at least one vaccine shot and the number is expected.....
Post-Brexit relief: UK government to give £20m aid to support SMEs
February 12, 2021 12:15 PM GMT| By Kunal SawhneyIn order to support the smaller businesses in the United Kingdom, the Boris Johnson government has announced a monetary aid of £20 million, primarily focused to help the small and medium enterprises. The fund has been allo.....
How Effective Is the Government’s Approach of Imposing A Cladding Tax?
February 12, 2021 10:04 AM GMT| By Hina ChowdharyIn a bid to make high-rise buildings safer, the British housing secretary announced a £3.5-billion plan to replace combustible cladding that can be dangerous for all buildings taller than 18 meters. The British government will provide reassur.....
