Economy

No-deal Brexit: Imported cars could become dearer by £1,900

The British car industry faces a greater challenge when the EU common area regulation expires on 31 December 2020. The society of motor manufacturers...

PMI indicates a flattening recovery for the UK economy

  The UK IHS Markit flash PMI survey for October 2020 revealed that the economic recovery seen in the earlier months has faded away as the coron...

UK consumer confidence index falls as fear of recession mounts

The United Kingdom is currently experiencing the second wave of the Covid-19 with tougher social distancing restrictions being introduced. The prime m...

FTSE 100 inches up as Sunak rolls out extra job support

  Rishi Sunak, Chancellor, UK Treasury had granted additional support under the earlier announced Jobs Support Scheme (JSS) which begins on 1 No...

UK Secures Its First Post-Brexit Trade Deal with Japan

In a major success for the Boris Johnson government, United Kingdom has secured its first major trade deal with Japan since it broke away from the Eur...

UK national borrowings grow as coronavirus support continues

Public sector borrowings of the UK government were worth £36 billion during September 2020, according to the latest data from the Office for Nat...

Gordon Brown Urges Govt To Pay Subsidy to Employers for Hiring Worke...

Former Prime Minister Gordon Brown, who led the country during the financial crisis of late 2000, has urged the government to provide employers a subs...

90 per cent of the current workforce would need reskilling by 2030,...

  The Confederation of British Industry (CBI) has warned that Britain could face serious threat if it does not upskill its workforce as business...

Coronavirus update: Manchester economy’s growth to suffer with tier-...

  Sir Richard Leese, leader, Manchester city council has requested the UK government to come out with an effective shielding program for the reg...

Brexit: Industry Associations React on Boris Johnson’s New Walk Away...

The deadlock over the negotiations about the Brexit trade deal between the UK and European Union (EU) appears to have no favourable end. Recently, PM...

Bank of England Ensuring Preparedness of Banks for A Negative Intere...

United Kingdom’s apex bank, the Bank of England (BoE) has been leaving no stone unturned to resurrect nation’s economy. The bank had alrea...

UK’s Borrowing May Climb To £350 Billion, A Never-Before-Seen Level...

  The concerns around the rising debt pile have increased to an alarming level with the World Bank raising eyebrows on the quantum of public deb...

UK unemployment rate at a three-year high

  The unemployment rate in Britain has shot up sharply by 0.4 per cent, from 4.1 per cent (May to July 2020) to 4.5 per cent (June to August 202...

 The United Kingdom All Braced Up to Deal with The Second Wave of CO...

The fears of the COVID- 19 pandemics making a resurgence in the United Kingdom may be coming true. The infection rate across the country has been risi...

Rishi Sunak offers help to check job losses as the economic recovery...

Britain’s economic output grew at a feeble pace of 2.2 per cent in August 2020 as compared to an almost triple growth rate of 6.4 per cent obser...

Second Covid-19 wave to put UK economy’s growth on hold

The UK economy had started to recuperate from a recession after contracting during H1 2020, as various industries could reopen after the coronavirus-l...

New 95% LTV state-backed mortgages: Why lenders are concerned?

Buying a property has been one of the major things in the to-do lists of individuals, but when it comes to financing the property, a large section of...

UK Government’s Plan to Power Every Home with Wind Energy: Is it a V...

In a speech at the Conservative Party’s virtual conference on 6 October 2020, Prime Minister Boris Johnson is all set to take a pledge to p...

State Pension Age Raised To 66 Years: What All You Need to Know

The state pension age (SPA) has been increased to 66 years following which the millions of individuals looking forward to enjoying the benefits of pen...

Job Entry Targeted Support Scheme: What is there in the new £238-mn...

The UK Government has launched a new employment plan called the Job Entry Targeted Support (JETS) scheme on 5 October 2020 with an investment of &poun...