Economy

How Yellow Messenger’s WhatsApp Virtual Assistant Will Empower Busin...

Amid the coronavirus pandemic-laden challenging situations, most businesses have been facing a slump in sales largely due to the relatively lower spen...

Will Government Follow OTS Report Stating It Can Raise £14 Billion B...

In an attempt to replenish the British government’s battered finances, the Office for Tax Simplification (OTS) has said that the Treasury could...

What does UK’s New National Security and Investment Bill Mean for Co...

The UK government will table the National Security and Investment Bill in the lower house of the British parliament later this week. The bill was intr...

Can Boris Johnson compromise with the EU on trade deal?

  The Brexit negotiations are at the most crucial and difficult stage at this moment. The United Kingdom had left the European Union on 31 Janua...

What Does Biden’s Victory Mean For The UK And Bilateral Trade

US President-elect Joe Biden’s historic win in the presidential elections will open a new chapter for the US-UK relations. Prime Minister Boris...

A Walk Through European EV market: How Government Subsidies & Cost-E...

The mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dism...

Furlough extension: impact on UK economy and employment

  The extension of the popular furlough scheme till end of March 2021 has been described as a lifeline for the businesses and workers struggling...

Worried over a double-dip recession, UK extends furlough and BoE pro...

  The fears of the UK economy moving towards a double-dip recession might just turn out to be true, if one goes by the latest PMI survey results...

FCA predicts disruptions in financial markets post the end of Brexit...

British watchdog Financial Conduct Authority has said that there could be unexpected disruptions in the country’s financial markets if Brexit ne...

Bank of England Injects £150 Billion Stimulus into UK Economy

The Bank of England has decided to give another fresh stimulus package of £150bn ($194bn) for the UK economy in the wake of the second lockdown...

UK Lockdown 2.0 - Which Businesses Are Staying Open and What Is Diff...

The second coronavirus lockdown will come into force in England from 5 November midnight till 2 December, which will lead to the closure of non-essent...

UK Car Industry to Suffer with The Economic Fallout of Lockdown 2.0

With more than one million active coronavirus infected cases, the British Prime Minister Boris Johnson announced a second national lockdown across the...

CBI Chief Says British Companies Will Face Gloomy Winter Amid Second...

  The second national lockdown might devastate the economic conditions in the country as the UK companies could face bleak mid-winter. Chief of...

Farage To Rebrand His Brexit Party to Anti-Lockdown Party

Brexit Party leader Nigel Farage will rebrand the group ‘Reform UK’, a party working as an anti-lockdown party, primarily to fight against...

How will the second lockdown hit the UK economy?

  The industries such as retail, hospitality, and travel are in for a nightmare as the UK government imposes the second lockdown across the coun...

Should the UK Government Extend Furlough Scheme to Save Businesses?

The UK government’s coronavirus job retention scheme, which was announced in March 2020, will end on Saturday. This would close the first phase...

UK could enter a double dip recession as IMF lowers growth forecast

The International Monetary Fund (IMF) has downgraded its forecast for the UK economy to a contraction of more than 10 per cent for the year 2020, as t...

Leaked Report says UK Could See More 85,000 COVID-19 Deaths in Next...

The UK could see more than 85,000 deaths during the second wave of coronavirus, a leaked government advice shows. Government data shows that there wer...

UK’s Car Production for September 2020 Records Lowest In 25 Years

The car production in the UK has fallen by 5% in September as compared with the same month in 2019. This is the worst production number since 1995, ac...

British retail sales drop at the sharpest pace since June

The business environment is going through a rough phase with October witnessing a mixed bag of commerce activities. Prices in British shops continued...