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Economy
British public spend on furlough rises to £46.4 billion
December 19, 2020 06:51 PM GMT| By Hina ChowdharyRecent government data has revealed that the British public spending on furloughing private sector employees reached a total value of £46.4 billion ($63.0 billion) on 13 December, up from £43.0 billion in the previous month. The scheme.....
UK Retail Sales Decline by 3.8 Per Cent in November Due to Lockdown, Restrictions
December 18, 2020 02:09 PM GMT| By Hina ChowdharyThe UK’s retail sales plunged by 3.8 per cent in November in comparison with October as several stores remain closed due to the second lockdown and restrictions imposed due to the surge in coronavirus cases. The Office for National Statistic.....
UK consumer confidence jumps with the Covid-19 vaccination program
December 18, 2020 11:18 AM GMT| By Kunal SawhneyConsumer confidence in the UK has increased modestly in December as the economic situation looks progressive on the back of the start of the Covid-19 vaccination programme in the country. The Consumer Confidence Barometer rose by seven poin.....
Coronavirus update: tough restrictions to last long with rising cases
December 18, 2020 07:49 AM GMT| By Kunal SawhneySummary Experts predict the restrictions to last until February with more than 35,000 cases recorded on Thursday England faces tougher restrictions from tomorrow with parts of east and south-east moving into tier 3 Scientis.....
House Prices in the UK Reach Record High in October
December 17, 2020 02:12 PM GMT| By Hina ChowdharyThe house prices in the United Kingdom have hit a record high in 2020, according to the latest ONS data. The prices have risen by 5.4 per cent, reaching an average of £245,000 in October, which is highest since October 2016. The stamp duty s.....
UK and US in talks over a trade deal
December 17, 2020 07:57 AM GMT| By Hina ChowdharyRobert Lighthizer, US trade representative said that the UK and the US are in talks to lower tariffs and work out a mini-trade deal. The deal is likely to see Britain lower tariffs over subsidy for aerospace businesses. America also wants i.....
Brexit effect: Facebook to shift UK users to California agreements
December 16, 2020 09:27 AM GMT| By Team Kalkine MediaThere are a lot of changes happening as the Brexit transition deadline comes to an end on 31 December. Not only the arrangement of international trade is changing, the data and privacy policies are also supposed to witness modifications. With the t.....
Britishers Oppose Government’s Plan to Relax Covid-19 Restrictions During Christmas
December 16, 2020 08:38 AM GMT| By Hina ChowdharyAs Christmas is just a few days away, people in the UK are not much fervent about the festive season considering the rising coronavirus cases across the country. In response to the government’s plan of relaxing coronavirus restrictions for f.....
Gold jumps to a one-week high on hopes of Fed stimulus
December 16, 2020 07:43 AM GMT| By Kunal SawhneyGold prices rallied to a one week’s top today as the hopes grow for further stimulus by the US government as the Federal reserve policy decision is awaited. The price of yellow metal had dropped to a low of USD 1,820 per ounce at the start o.....
PM Boris Johnson To Visit India In January In A Bid to Boost Jobs and Investment
December 16, 2020 06:18 AM GMT| By Team Kalkine MediaUK Prime Minister Boris Johnson will be travelling to India in a move that is intended to buttress the strategic relationship, boosting job prospects and investment with India. This will be Johnson’s first bilateral visit to India after resum.....
UK’s Unemployment Climbs To 4.9% In October Quarter, Hospitality Sector Worst Hit
December 15, 2020 04:11 PM GMT| By Hina ChowdharyThe official figures have reported that UK companies had 819,000 fewer workers on their payrolls in November than at the start of the pandemic. The figures of UK unemployment till the month of October have been published by the Office of National S.....
Covid Restrictions in London May Not Ease Soon as All 32 Boroughs Set to Enter Tier 3
December 15, 2020 01:27 PM GMT| By Team Kalkine MediaFollowing an exponential rise in coronavirus cases in the last one week, London, Hertfordshire and Essex will move into the toughest tier of Covid-19 restrictions from Wednesday, the government said. The existing set of restrictions may not end soo.....
British Insurers Extend Support Yet Again for Covid-19 Until March
December 15, 2020 10:28 AM GMT| By Hina ChowdharyThe probability of coming out of the adversities caused by the pandemic is getting stronger on the backdrop of a potential Covid-19 vaccine. Amid the positive sentiment of the mass vaccination, the insurance industry has decided to extend support t.....
UK and EU Agree to Continue Brexit Deal Negotiations for Viable Solution
December 14, 2020 01:12 PM GMT| By Team Kalkine MediaUnable to come on a fruitful agreement, UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen have said they would keep discussing the free trade deal beyond the self-imposed deadline on Sunday in a bid to find a vi.....
Green energy: Government announces plans to support 220,000 British jobs, to start talks with EDF
December 14, 2020 12:12 PM GMT| By Kunal SawhneyThe UK government said that it is planning to support around 220,000 jobs across Great Britain as part of the Green Industrial Revolution project. The proposal is part of the government’s energy white paper, which chalked out the plan to deca.....
UK Manufacturers Body Warns of a Knockout Blow If Brexit Deal Not Secured
December 14, 2020 09:43 AM GMT| By Kunal SawhneyAs the UK and EU make best efforts to clinch a Brexit deal, Make UK has stated that in the absence of a trade deal, it will render a big knockout blow to the sector. The trade body has slashed the growth forecast for the sector from 5.1 per cent to.....
Oil prices jump with hope of rising demand
December 14, 2020 08:25 AM GMT| By Hina ChowdharyBrent crude crossed $50 a barrel last week for the first time since March this year, signalling hopes of the long-awaited rise in oil demand. The global oil industry faced a deep slump for months after the outburst of the pandemic. Demand .....
Christmas cheer: Transport Secretary announces £3 mn to meet festive travel demand
December 12, 2020 11:50 AM GMT| By Team Kalkine MediaSummary Transport Secretary announces funding to bolster the coach services With the additional funding, 80,000 seats will be made available to ensure a smooth travel With the festive season around the corner, the UK government has announc.....
Pound falls with rising fears of a no-deal Brexit
December 12, 2020 08:19 AM GMT| By Team Kalkine MediaThe pound sterling dropped by 1.2 per cent against the US dollar on December 11, reaching a four-week low value of $1.31, after Boris Johnson, the UK PM announced that a no-deal Brexit appeared very likely. Both the sides, namely the UK and the...
US, EU Planning Sanctions on Turkey for Buying Russian S-400 Air Defence Systems
December 11, 2020 03:33 PM GMT| By Hina ChowdharyThe US and EU are planning to inflict pressure on Turkey. While the US wants to put sanctions for buying S-400 missiles or air defence systems from Russia in 2019, the EU, on the other hand, is targeting Turkey for its involvement in energy explora.....
