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Economy
Introduction of “Rule of Six”: Will It Further Put Pressure on Ailing Hospitality Sector?
September 11, 2020 02:11 PM BST| By Team Kalkine MediaThe continuous surge in the number of Covid-19 cases has forced the British Government to take preventive measures to stop the spread of the coronavirus infection. In order to restrict the growing cases, the Government has rolled out a new rule whi.....
Will food prices rise if the UK divorces Brexit?
September 10, 2020 02:11 PM BST| By Team Kalkine MediaIn case of a no deal Brexit, almost half of the goods and services being imported from the Europe could attract extra duties or levies beginning January 2021, including food. The UK government estimates had suggested that total value of border tari.....
Is the Boris Johnson Government Planning to Alter the Brexit Deal?
September 10, 2020 12:47 PM BST| By Team Kalkine MediaThe Pulling out of the United Kingdom from the European Union is creating unforeseen complications for both for the UK as well as the EU. The latest controversy to hit both these economic blocs is a statement made by cabinet minister Brandon .....
British Airways Clashes with Heathrow Ltd Over the Development Cost-Sharing
September 08, 2020 06:37 PM BST| By Kunal SawhneySummary The current tussle between Heathrow ltd and IAG, the owners of British Airways is over the sharing of costs amounting to £500 million. A third runway on the Heathrow airport was under development until the month of February this y.....
Will Higher Energy Bills During Winters Support Electricity Suppliers?
September 08, 2020 02:14 PM BST| By Team Kalkine MediaThe British home energy bills could rise by around 18 per cent during the coming winter months, says the latest report from Energy Helpline, a company providing price comparison services for energy suppliers across the UK. The Energy Helpline esti.....
A Sigh of Relief for Tesco and Associated British Foods as the Consumer Spending Increases
September 08, 2020 02:11 PM BST| By Team Kalkine MediaThe retail industry is the largest private sector employer in the UK, with one in 10 people working in the sector. Despite of the collapse of the British high street, online sales accounts for one-fifth of total retail sales across the nation. Supe.....
Government plans ‘SEAT out to help out’ scheme, Cineworld to be impacted positively
September 07, 2020 02:11 PM BST| By Team Kalkine MediaIn its efforts to bring large crowds that are required for the theatres and sports stadiums to operate viably during the coronavirus pandemic, the government plans to bring a ‘SEAT out to help out’ scheme. Oliver Dowden, Cultural Secret.....
Brexit Updates: UK Contemplates A New Bill, British Logistics Sector Looks To Avoid Chaos
September 07, 2020 02:00 PM BST| By Team Kalkine MediaDavid Frost, chief negotiator, Brexit talks has said that the UK will not take a backstep on any of its demands with respect to its future relationship with the EU (European Union). He added that the EU side has no option but to understand that the.....
The Plight of the Aviation Sector Continues Unabated- Ryanair, EasyJet And Melrose In Focus
September 06, 2020 02:20 AM BST| By Kunal SawhneyThe bounce-back situation with British Aviation as well as the aerospace industries looks far from being normal in the near term. While the Aviation sector, on the one hand, is suffering on account of continuing customer reluctance to fly, for fear.....
Sterling Expected to Weaken Against the US Dollar
September 06, 2020 02:11 AM BST| By Team Kalkine MediaThe pound sterling is expected to fall against the US dollar due to the weak state of the British economy, according to experts. On 1 September 2020, the pound sterling’s value against the US dollar peaked at 1.345. Daily spot exchan.....
Success of ‘eat out to help out’ scheme: Pret A Manger launches subscription service
September 05, 2020 11:36 AM BST| By Team Kalkine MediaThe chancellor, Rishi Sunak’s ‘eat out to help out’ restaurant meal discount scheme turned out to be a hit as it substantially exceeded the UK Treasury’s estimates. In order to help grow their sales and contribute in the rec.....
New Car Registration Decline in August, Zero-Emission Vehicles Remain in Demand
September 04, 2020 02:13 PM BST| By Kunal SawhneySummary Registrations for the new car in Britain declined by 5.8 per cent in August, in annual terms, as per SMMT data Registrations for private cars were down by 699 units in the month because of the decrease in the demand from businesses of a.....
Housing Sales And Prices Rising, But Can They Be Sustained?
September 04, 2020 02:11 PM BST| By Team Kalkine MediaThe UK based largest online property website Rightmove has noticed a surge in consumer demand for residential property as a result of the stamp duty holiday announced by the UK government. The property portal said that it analysed sales of around 2.....
Will the furlough scheme end in October and what could be its impact?
September 04, 2020 12:36 PM BST| By Team Kalkine MediaThe government has reiterated that it does not intend to extend the furlough scheme beyond 31 October 2020. From the start of September 2020, the companies using the scheme are required to contribute 10 per cent towards their staff salary. Si.....
Car Finance Applications Rise During July And August- Stocks of AUTO and LOOK in Focus
September 03, 2020 02:20 PM BST| By Kunal SawhneySummary Car finance applications, including both Personal Contract Purchase and Hire Purchase agreements, have risen considerably in the month of July and August. July witnessed a surge of 27.7 per cent in car finance applications in compariso.....
3 Main Areas Of Discord In The Brexit Trade Negotiations
September 03, 2020 02:15 PM BST| By Team Kalkine MediaRecently Michel Barnier, Head (Task Force for Relations with the United Kingdom), European Commission has expressed dissatisfaction over lack of adjustment from the British government over finalizing the Brexit trade deal between the UK and the EU .....
BoE Raises Doubts On The UK PM’s Campaign To Get Workers Back To Office
September 03, 2020 02:11 PM BST| By Team Kalkine MediaSummary The Bank of England (BoE) has raised doubts over the UK Prime Minister’s campaign to get the workers back to office. Alex Brazier, the apex bank’s ED, stated that the government’s campaign would be tainted due to the h.....
UK Enlarges Its Investment into Rapid Covid-19 Test Kit Trials
September 03, 2020 02:11 PM BST| By Team Kalkine MediaThe United Kingdom has moved a step forward in its mission to eradicate the virus. The Health Minister of Her Majesty's Government Matt Hancock has said that the government will roll out a new COVID- 19 test that will provide accurate results in le.....
Covid-19 Update: The UK Manufacturing Sector
September 01, 2020 02:11 PM BST| By Kunal SawhneySummary The British manufacturing sector continues to suffer due to the devastating impact of the coronavirus pandemic The UK Markit/CIPS Manufacturing PMI index recovered in August 2020, but from a very low base of the earlier month CBI mont.....
Medical Research Charities Face A Funding Gap; Pharma Industry Urges Government Help
September 01, 2020 02:11 PM BST| By Team Kalkine MediaThe medical research charities have suffered during the coronavirus pandemic due to a substantial fall in their income that comes from fundraising. This year there has been a gap of £310 million and since April 2020 many of the medical resear.....
