Economy

Tighter Tier System: How Will It Affect the Hospitality Sector

The UK government has decided to implement a tighter tier system from this week after the second lockdown gets over on 2 December. The new tier system...

How the pandemic has affected the market research industry in the UK

The UK market research industry has had a very difficult year due to the sudden outbreak of Covid-19 and subsequent lockdown. Most industries, which w...

UK To Distribute Free Vitamin D Pills To 2.5 Million Vulnerable Peop...

The British government has decided to provide free Vitamin D supplements to nearly 2.5 million of the most vulnerable people in the country, especiall...

UK and EU to resume trade talks in London

Britain and the European Union will be resuming face to face trade talks in London today, as confirmed by David Frost, chief Brexit negotiator for the...

How A Delay in Brexit Decision Is Going to Impact UK Financial Servi...

The ongoing transition process of Brexit, where the UK is all set to exit the European Union (EU) on 31 December, surrounds a wide range of business a...

Royal Bank of Scotland Warns Online Selling Scams Could Peak on Blac...

With the increase in online commerce in the last few months of pandemic, the frauds and scams are on the rise in the country. Several banks have been...

CMA To Restrict Powers of US Tech Giants Google and Facebook in the...

In a bid to bring a level playing field for smaller firms and curb the unfair market for consumers, the UK is going to impose a new competition regime...

UK to replace RPI with CPIH as a measure of inflation from 2030

Britain has finally decided to bring in a major reform in its financial system. It has been decided that the Retail Price Index, an inflation measure...

Covid Christmas rules: how will they impact British hospitality and...

  Prime Minister Boris Johnson has allowed families to mix up and celebrate the festive period during 23 to 27 December in the form of what he c...

Covid-19: Inadequate Supply of PPE Cost Taxpayers Extra £10billion

The United Kingdom has spent a whopping £10 billion more for personal protective equipment (PPE) kits because of a heightened global demand and...

UK Car Production Plummets 18.2 Per Cent in October

The car production in the UK has fallen by 18.2 per cent in October as the coronavirus spread, and the frequent lockdowns continue to impact the marke...

BoE Governor Warns A No-deal Brexit Would Cost More Than Covid-19

The UK could see a bigger economic slump than the coronavirus pandemic has caused if Britain decides to move ahead without a trade deal with the Europ...

Sunak’s spending review 2020 at a glance

  The UK Chancellor Rishi Sunak released the public spending plan on Wednesday 24 November, setting out the government’s allocations to di...

How will a change in the Capital Gains Tax regime benefit the govern...

The United Kingdom could be moving into a new Capital Gains Tax regime where these taxes can double up from their current levels, according to the Off...

How prepared is the UK auto sector for a no-deal Brexit?

With Brexit negotiations reaching the final rounds, the UK automotive industry has recently submitted a petition for a zero-tariff trade deal. The cal...

Which all UK industries are likely to benefit most if VAT relief is...

The UK government had reduced Value Added Tax on hospitality services from the current 20% standard rate to the reduced rate of 5% on 8 July and then...

Which sectors could gain as the UK enters a tiered set of rules post...

The UK government has decided to go in for a strict region-wise set of rules after the second lockdown gets over on 2 December. Though the decision is...

Brexit: Britain and Canada To Trade Under EU Similar Terms After Tra...

The UK and the Canadian government have agreed to continue their bilateral trading on the same terms as that of the current European Union (EU) after...

Rishi Sunak: We want a Brexit deal, but not at any cost

Rishi Sunak, the British Finance Minister admitted that there was genuine progress on Brexit negotiations between the UK and the European Union. At th...

Will G20 Call on Private Lenders to Suspend Debt Repayments Make Any...

Summary The G20 meet this week have one their agenda to make a request to the private money lenders to suspend debt repayments till the situation i...