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Economy
Lookers Plc and Aston Martin In Focus as The UK Car Output Falls 44.6% In August
September 25, 2020 01:33 PM BST| By Team Kalkine MediaSummary The output of the British car companies was down by nearly 350,000 units to 51,039 cars in August 2020 The demand for new cars has declined sharply due to the impact of Covid-19 pandemic The British car industry needs to brace up for a.....
PM Johnson Urge Leaders at UN Climate Roundtable to Rebuild A Greener Planet
September 25, 2020 12:25 PM BST| By Team Kalkine MediaThe high-level UN climate change roundtable, which started on Thursday, 24 December 2020, is being conducted virtually, and most world leaders are expected to address it remotely. The summit this year is crucial as greenhouse emission measures worl.....
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Escalating US-China Spat: No End in Sight
September 24, 2020 12:09 PM BST| By Team Kalkine MediaAt the time when the entire world is collectively fighting the battle against the Global Virus Crisis, the world’s two largest economies are busy settling their scores on COVID-19 origin, technology sharing and human rights abuses grounds. By.....
All About Sunak’s Furlough Replacement Scheme
September 24, 2020 10:20 AM BST| By Team Kalkine MediaThe after-effects of the coronavirus pandemic are now visible on a wide section of salaried class people, individual earners, professionals, and several small to large-scale businesses across the globe. The governments have been working continuousl.....
Spike in Covid cases to keep the UK economy under recession
September 23, 2020 01:15 PM BST| By Team Kalkine MediaThe UK economy had officially entered a recessionary phase by shrinking for two consecutively quarters of January to March 2020 (2.2 per cent) and April to June 2020 (20.4 per cent). Later, a healthy GDP growth rate of 6.6 per cent for the month of.....
Would New Coronavirus Restrictions Mean Higher Unemployment In The UK?
September 23, 2020 12:27 PM BST| By Team Kalkine MediaThe latest restrictions imposed across England to curb the spread of Covid-19 infections are expected to worsen the unemployment situation in the UK. In fact, the Bank of England has said that the UK’s economic outlook is unusually uncertain .....
Government Opens Up Kickstart Scheme For Small Companies
September 22, 2020 02:11 PM BST| By Team Kalkine MediaThe UK government was facing criticism over the fact that its kickstart scheme worth two billion pounds would be effectively excluding small-sized companies. To remove this anomaly, the government has now expanded the scheme to intermediaries who a.....
How are AUD and Yuan Faring Against the Greenback?
September 22, 2020 06:03 AM BST| By Team Kalkine MediaWhile the COVID-19 pandemic initially spurred a rally in the US dollar amidst heightening worries over the virus crisis, the greenback seems to be on the brink of ending its long-run bull cycle. The US Dollar index (DXY), which traces the America.....
Why Are The Property Rents Falling In London?
September 21, 2020 02:11 PM BST| By Team Kalkine MediaAn oversupply of rental properties available in the market during the coronavirus pandemic has led the owners to reduce the amount of rents to attract the tenants. The rental value of properties at some areas in London such as in and around the Bar.....
UK Manufacturing Output Could Shrink By 11 Per Cent In 2020
September 21, 2020 01:11 PM BST| By Team Kalkine MediaThe manufacturing industry in the UK does not see much signs of a V shaped recovery with the coronavirus pandemic still far from being over around the country. A recent survey from the Make UK and BDO has suggested that the manufacturing businesse.....
Pound Falls As Interest Rates Could Turn Negative In 2021
September 20, 2020 01:25 AM BST| By Team Kalkine MediaThe Bank of England (BoE) has informed that its officials are preparing for a possibility of pushing the interest rates below zero during the next year 2021 to drive the private sector investments across Britain. Many other regions such as the Eur.....
Brexit deal: EC President says chances fading away every day
September 18, 2020 10:15 AM BST| By Team Kalkine MediaThe European Union (EU) chief executive said on 16 September 2020 that chances for the Brexit deal are fading every day as very little time is left to put the deal in place. Ursula von der Leyen, the President of the European Commission (EC) said t.....
Sunak may use new ways to save jobs once the furlough scheme ends
September 17, 2020 01:22 PM BST| By Team Kalkine MediaRishi Sunak, Chancellor, UK Treasury has clarified time and again that the government’s furlough scheme will end in October 2020. That’s nothing new. However, what is new is that he has recently said that he might come up with some othe.....
UK house prices rose 3.4 per cent in June 2020, says ONS
September 17, 2020 01:10 PM BST| By Team Kalkine MediaThe Office for National Statistics (ONS) came up with its house price data for June 2020 on 16 September 2020. The data revealed that the average house prices in Britain rose 3.4 per cent in the year to June 2020. This increase was up from 1......
Grim Unemployment Scenario: End Of Furlough Scheme To Further Worsen It
September 16, 2020 02:22 PM BST| By Team Kalkine MediaThe recently released statistics from the Office for National Statistics (ONS) have revealed that close to 0.7 million job losses have taken place across Britain since the start of the coronavirus pandemic. Economists are warning that the unemploym.....
Bank Of England Could Keep The Interest Rate Unchanged
September 14, 2020 02:11 PM BST| By Kunal SawhneyThe Bank of England (BoE) is expected to leave the interest rates untouched at 0.1 per cent as the British economy is moving on a slow but steady path to economic recovery. The next review of the interest rates is due on Thursday 17 September 2020 .....
There Could Be A €110 Billion ‘No Deal’ Brexit Catastrophe For the EU-UK Carmakers
September 14, 2020 02:11 PM BST| By Team Kalkine MediaThe coronavirus pandemic has devastated the automobile sector. The lockdown induced by the coronavirus led to a steep decline in sales of cars. Though as soon as the lockdown was lifted by the British government, the sector witnessed the release of.....
UK Economy On The Path To Recovery: July Shows 6.6% Growth
September 13, 2020 02:00 PM BST| By Team Kalkine MediaThe British economy grew by 6.6 per cent in the month of July 2020, according to the latest government statistics. This is the third consecutive rise in monthly growth of the nation’s economic output, after June (8.7 per cent) and May (2.4 pe.....
UK Get A Major Breakthrough, Secures Free Trade Pact with Japan
September 12, 2020 02:00 PM BST| By Team Kalkine MediaOn 11 September 2020, over a video call, UK’s International Trade Secretary, Liz Truss and Japan’s Foreign Minister, Motegi Toshimitsu signed the UK-Japan Comprehensive Economic Partnership Agreement. The UK was successful in securing a.....
Brexit deadlock on Internal Market Bill: Britain inflexible, US-UK trade deal could suffer
September 12, 2020 11:32 AM BST| By Team Kalkine MediaThe ongoing talks on Brexit between Britain and the European Union (EU) seemed to be on the edge of a collapse due to the UK’s inflexibility over the Internal Market Bill. The Boris Johnson's government has not agreed to a request from the EU.....
