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Economy
How Brexit Can Help the UK’s Thriving Technology Sector Sail Further
November 17, 2020 03:07 AM GMT| By Hina ChowdharyThe business won’t be as usual in the UK from January 2021. Brexit will bring various structural and operational changes to many industries and businesses in the wake of a no-deal Brexit scenario. Among other sectors, the UK’s tech sec.....
UK PM Boris Johnson Self-Isolating After Possible Coronavirus Exposure
November 16, 2020 10:03 AM GMT| By Team Kalkine MediaUK Prime Minister Boris Johnson got into self-isolation on Sunday night after he came into contact with a parliamentarian who tested positive for COVID-19 infection. According to a statement issued by the 10 Downing Street, Johnson did not show any.....
What Does BRC And Shoppertrak Data Indicate About the Present Situation of UK Retailers?
November 14, 2020 07:21 AM GMT| By Kunal SawhneyThe second national lockdown seems to have weighed down heavily on the non-essential retailers. With over a million active coronavirus cases in UK, a second lockdown was inevitable. Lockdown 2.0 has led to a substantial decline of 75 per cent.....
What does Biden taking the throne mean for US-EU trade relations?
November 13, 2020 05:22 PM GMT| By Hina ChowdharyWith Joe Biden elected as president of the United States, a lot is set to change, particularly in the trade sector. The harsh views maintained by the previous president Donald Trump with regards to international trade damaged the trade channels sev.....
Business secretary: Government has provided monetary aid worth £200 billion in last 8 months
November 13, 2020 01:52 AM GMT| By Team Kalkine MediaWith the ongoing term of second lockdown in the United Kingdom, the fears of a strained business activity have been anticipated by most of the sectors. The reimposition of curbs on travel and hospitality along with other restrictions affecting vari.....
UK economy grew strongly in Q3 as lockdown measures eased
November 12, 2020 06:09 AM GMT| By Team Kalkine MediaThe gross domestic product (GDP) for Britain grew at a record pace of 15.5 per cent for July to September 2020 quarter, reflecting a strong recovery after a record contraction of close to 20 per cent in the previous quarter of the year. In .....
How Yellow Messenger’s WhatsApp Virtual Assistant Will Empower Businesses
November 12, 2020 05:02 AM GMT| By Hina ChowdharyAmid the coronavirus pandemic-laden challenging situations, most businesses have been facing a slump in sales largely due to the relatively lower spending capacity of the customers, and a temporarily disconnected customer-to-enterprise relation fol.....
Will Government Follow OTS Report Stating It Can Raise £14 Billion By Hiking CGT Tax?
November 12, 2020 04:42 AM GMT| By Team Kalkine MediaIn an attempt to replenish the British government’s battered finances, the Office for Tax Simplification (OTS) has said that the Treasury could raise up to £14 billion by doubling the amount of Capital Gain Tax (CGT). The report of OTS.....
What does UK’s New National Security and Investment Bill Mean for Corporate Deals?
November 11, 2020 06:24 AM GMT| By Hina ChowdharyThe UK government will table the National Security and Investment Bill in the lower house of the British parliament later this week. The bill was introduced to give enhanced powers to the government to review and if necessary, restrict foreign inve.....
Can Boris Johnson compromise with the EU on trade deal?
November 10, 2020 09:28 AM GMT| By Kunal SawhneyThe Brexit negotiations are at the most crucial and difficult stage at this moment. The United Kingdom had left the European Union on 31 January 2020 ending the membership of 47 years. The EU now has 27 economic and political partners. The .....
What Does Biden’s Victory Mean For The UK And Bilateral Trade
November 10, 2020 08:26 AM GMT| By Kunal SawhneyUS President-elect Joe Biden’s historic win in the presidential elections will open a new chapter for the US-UK relations. Prime Minister Boris Johnson, while congratulating the 77-year leader, said both the countries have “common globa.....
A Walk Through European EV market: How Government Subsidies & Cost-Effective Models Pushing Demand?
November 06, 2020 05:09 PM GMT| By Hina ChowdharyThe mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dismal trends of COVID-19. Significantly, the rise of EV vehicles promises a new dimension worldwide, .....
Furlough extension: impact on UK economy and employment
November 06, 2020 11:20 AM GMT| By Team Kalkine MediaThe extension of the popular furlough scheme till end of March 2021 has been described as a lifeline for the businesses and workers struggling to survive a harsh pandemic led winter in the UK. Rishi Sunak, Chancellor, UK Treasury extended t.....
Worried over a double-dip recession, UK extends furlough and BoE provides QE support
November 05, 2020 01:48 PM GMT| By Kunal SawhneyThe 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 by the IHS Markit/CIPS (Chartered Institute of Procurement & Supply). The UK Purchasing Mana.....
FCA predicts disruptions in financial markets post the end of Brexit transition
November 05, 2020 01:44 PM GMT| By Kunal SawhneyBritish watchdog Financial Conduct Authority has said that there could be unexpected disruptions in the country’s financial markets if Brexit negotiations fail after 31 December. Both sides, the EU and the UK, observe a significant amount o...
Bank of England Injects £150 Billion Stimulus into UK Economy
November 05, 2020 01:10 PM GMT| By Hina ChowdharyThe 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 imposed by the British government to control the rise in coronavirus cases in the last few weeks.&.....
UK Lockdown 2.0 - Which Businesses Are Staying Open and What Is Different This Time
November 05, 2020 07:20 AM GMT| By Team Kalkine MediaThe second coronavirus lockdown will come into force in England from 5 November midnight till 2 December, which will lead to the closure of non-essential shops, pubs, places of worship and gyms. On 31 October, British Prime Minister Boris Johnson .....
UK Car Industry to Suffer with The Economic Fallout of Lockdown 2.0
November 04, 2020 09:28 AM GMT| By Kunal SawhneyWith more than one million active coronavirus infected cases, the British Prime Minister Boris Johnson announced a second national lockdown across the UK. The second lockdown is expected to weigh down heavily on the ailing car manufacturing and ret.....
CBI Chief Says British Companies Will Face Gloomy Winter Amid Second Lockdown
November 03, 2020 05:32 AM GMT| By Team Kalkine MediaThe second national lockdown might devastate the economic conditions in the country as the UK companies could face bleak mid-winter. Chief of the Confederation of British Industry (CBI) Carolyn Fairbairn’s statement came after high-en.....
Farage To Rebrand His Brexit Party to Anti-Lockdown Party
November 02, 2020 10:54 AM GMT| By Team Kalkine MediaBrexit Party leader Nigel Farage will rebrand the group ‘Reform UK’, a party working as an anti-lockdown party, primarily to fight against anti-coronavirus restrictions enforced by Boris Johnson and his party. The party has officially s.....
