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Economy
Covid – 19 update: UK at a ‘tipping point’ while England readies for 3-tier restrictions
October 12, 2020 03:16 PM BST| By Team Kalkine MediaSummary Cases rising fast, especially in the north of England Prime Minister could close gyms, restaurants, and pubs in the hotspots Professor Jonathan Van-Tam, deputy chief medical officer, England said that the UK has to act quickly to a.....
BT Group’s View Gets SMF Affirmation-British Government to Miss 2025 Deadline to Fibre Up The UK
October 11, 2020 02:10 AM BST| By Team Kalkine MediaSummary Boris Johnson had promised full-fibre broadband by 2025 to every UK household during his election campaign last year Social Market Foundation has called upon the British government for major reforms in the telecom sector Industry exper.....
Rishi Sunak offers help to check job losses as the economic recovery tapers off in August
October 10, 2020 05:28 PM BST| By Team Kalkine MediaBritain’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 observed during the previous month of July 2020, according to the latest estimates from the Office for .....
UK prohibits retail investors from trading in crypto derivatives
October 09, 2020 10:35 AM BST| By Team Kalkine MediaSummary The Financial Conducts Authority has banned the sale of cryptocurrency derivatives to retail investors It also came out with its final rules regarding the sale of derivatives and exchange traded notes relating to certain types of crypto.....
Second Covid-19 wave to put UK economy’s growth on hold
October 08, 2020 06:10 AM BST| By Team Kalkine MediaThe UK economy had started to recuperate from a recession after contracting during H1 2020, as various industries could reopen after the coronavirus-led lockdown (GDP growth for July 2020: 6.6 per cent). However, the UK treasury officials have warn.....
Covid in Scotland: How will the new lockdown impact the UK economic recovery
October 07, 2020 02:44 PM BST| By Kunal SawhneySummary Scotland makes a significant contribution to the UK economy, with many of the major industrial enterprises of the country having its facilities there. Some of the largest companies have manufacturing operations in Scotland. They are BAE.....
Pound-Euro Rate Witnesses Fluctuations As Investors React To Brexit Headlines
October 07, 2020 12:00 PM BST| By Kunal SawhneyThe Pound Sterling to Euro rate showed wide fluctuations on Tuesday 6 October 2020 with various contradictory off-record rumors regarding the stances of both parties for the ongoing Brexit deal negotiations. While some sources said that EC (.....
New 95% LTV state-backed mortgages: Why lenders are concerned?
October 07, 2020 06:20 AM BST| By Team Kalkine MediaBuying 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 people approach housing financiers, lenders and other financial institutions dealing with mortgage.....
UK Government’s Plan to Power Every Home with Wind Energy: Is it a Viable Move?
October 06, 2020 06:20 PM BST| By Team Kalkine MediaIn 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 power every home in the UK with the offshore wind within a decade. The government will also be unve.....
State Pension Age Raised To 66 Years: What All You Need to Know
October 06, 2020 05:20 AM BST| By Team Kalkine MediaThe state pension age (SPA) has been increased to 66 years following which the millions of individuals looking forward to enjoying the benefits of pension will be mandatorily required to wait till they attain an age of 66 years. The new state pensi.....
Covid: Spike In Cases In UK After PHE Admits Technical Error In Counting
October 05, 2020 01:12 PM BST| By Kunal SawhneySummary The United Kingdom recorded 22,961 new coronavirus cases on 4 October 2020 The cases skyrocketed because of a technical glitch admitted by the Public Health England The issue was immediately resolved overnight with the combined efforts.....
Job Entry Targeted Support Scheme: What is there in the new £238-mn scheme for job seekers?
October 05, 2020 12:55 PM BST| By Team Kalkine MediaThe UK Government has launched a new employment plan called the Job Entry Targeted Support (JETS) scheme on 5 October 2020 with an investment of £238 million. The scheme is targeted to help those workers who were rendered jobless during the p.....
SMMT’s “Safe Harbor Scheme” To Secure Auto Industry Supply Chains Ahead of EU Pullout
October 02, 2020 01:10 AM BST| By Kunal SawhneyThe Society for Motor Manufacturers and Traders (SMMT) in the United Kingdom has launched a major initiative to address one of the major issues concerning the automobile industry currently, called the "Safe harbour Scheme" it seeks to address the p.....
UK Economy Shrinks To Record Low: FTSE 100 Might See A Fall Due To Covid-19 Resurgence
September 30, 2020 02:20 PM BST| By Team Kalkine MediaRevised data has been released from the Office for the National Statistics (ONS) which revealed that the economic output in the UK dropped by 19.8 per cent as against the initial estimates of 20.4 per cent for the second quarter of the year.....
Negative interest rates in the UK? All eyes on BoE’s November MPC meet
September 29, 2020 02:11 PM BST| By Kunal SawhneyCountries across the world are facing the dearth of economic activity since the lockdowns have been implemented due to the coronavirus pandemic. The economic activities have slowed down after business closures, suspension of services in sectors suc.....
Lens On 5 Stocks on London Stock Exchange Likely to Be Less Impacted by No-Deal Brexit
September 28, 2020 01:40 PM BST| By Kunal SawhneySummary Several sectors like banking, automobiles, and hospitality may see a severe downfall in their revenues after 31 December 2020 deadline when the EU regulations cease to apply in the UK The failure of the deal would bring about a signific.....
Rising House Prices in The UK - Should You Buy A House Now?
September 28, 2020 01:11 PM BST| By Team Kalkine MediaHouses and other real-estate assets largely remain dynamic, as far as their prices are concerned. House prices and the market values of residential homes across the UK have seen a considerable upswing after the markets started recovering fr.....
Consistent Rise In GfK Consumer Confidence Index; Spotlight On Healthcare, Retail, and Technology Stocks
September 27, 2020 07:12 AM BST| By Team Kalkine MediaBritish economy has been derailed from its growth track after a stringent shutdown was imposed in March 2020 to halt the spread of Covid-19 cases. With industries, transport, shops, and malls shut, economic activity came to a grinding halt in the U.....
Focus On EasyJet, A Covid Loan Beneficiary, As The UK Borrowings Surge
September 26, 2020 11:19 AM BST| By Team Kalkine MediaThe public borrowings for the country surged to a high level of £36 billion during the month of August 2020, according to the latest government statistics. The British government has been forced to spend a large sum of money towards economic .....
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Why Sunak’s Jobs Support Scheme Is Not Enough For Hospitality, Retail, And Entertainment Sectors?
September 25, 2020 01:58 PM BST| By Team Kalkine MediaSummary The sectors hit hardest by the coronavirus pandemic face uncertainty over their future and say that the Jobs Support Scheme is not enough for them Hospitality, retail, and entertainment, among others, who have workers on zero-hours cont.....
