Economy

 Manufacturers in The UK Wary of The Outcome If a Brexit Deal Does N...

Summary The coronavirus pandemic has delayed the Brexit-deal negotiations between the UK and EU, with now only six months to go before the EU commo...

Banking Sector Lobby Group Asks the Government to Treat Covid-19 Loa...

Summary Banking sector lobby group TheCityUK feels that Covid-19 loans should be treated like student loans to make it easy for businesses to repay...

UK Witnesses Spike in IT Job Advertisements with The Ease in Lockdow...

Summary The coronavirus appeared not that big an issue for the technology sector, which is a very diversified sector. IT and technology jobs have...

UK’s CPI Inflation Increases To 0.6% In June Aided by Games and Clot...

Summary Gaming consoles and clothing pushed UK inflation upwards during the month of June Prices of men’s clothing and women’s clothin...

Government was not transparency regarding the £30 billion jobs plan:...

  The Institute for Fiscal Studies (IFS), Britain’s leading thinktank said that the corona jobs plan will ultimately cost the Exchequer on...

The Complete List Of Schemes Announced By Rishi Sunak, Chancellor, U...

The UK Treasury has unveiled various unprecedented stimulus plans beginning 11 March 2020 till 16 July 2020, to combat the devastating impact on the B...

Britain’s Hospitality Industry May Not Benefit From The VAT Rate Cut

Summary The government had cut the VAT rates on the hospitality sector on 8 July 2020 from 20 per cent to 5 per cent which will be applicable from...

BFC’s Call to Safeguard Jobs in the Fashion Industry

Summary The British Fashion Council (BFC) has called upon the Government to support the fashion retail businesses Oxford Economics has predicted t...

A glance at Chinese Economy: rebounding or stalling?

Summary Though economically China showcases progress, geopolitically China is garnering backlashes across the world, especially from the US for its...

Canada’s Bright Spots Amid COVID-19: The Gradual Return of Investmen...

Canada’s economy and employment has been decimated by containment measures enforced to curb the spread of the coronavirus. In days following the...

Britain needs to raise £60 billion in taxes to achieve financial sta...

Summay The Office of the Budget Responsibility report states that the public debt in the UK has reached an unsustainable level as government borrow...

The UK economy rebounds to growth in May 2020, though at a slow pace

Summary Britain’s economic output displayed a positive growth rate during May 2020, over the same period in 2019 This growth was led by manu...

Central Bankers: Deadline for Phasing Out LIBOR Would Not be Extende...

Summary Interest rate benchmark, LIBOR is used to price financial contracts and is likely to be replaced by SONIA after 2021 All financial contrac...

Fraudsters Targeting Unsuspecting Investors with Lure of Attractive...

Summary There has been a sharp rise in cases of investors being defrauded with a promise of attractive returns in UK The plunge of interest rates...

UK Lender Offers Low-Deposit Mortgages Amidst Stamp Duty Holiday

  Last week, Rishi Sunak announced stamp duty holiday on property purchases of up to £500,000. British financial institution, Nationwide B...

Government Mulling Overhaul of Planning Laws in Upcoming Ten Freepor...

Summary The UK government is mulling overhaul of planning laws in upcoming 10 freeports, in a rush to make itself fully ready for December 2020, EU...

Treasury’s Job Bonus Scheme: Primark, John Lewis, and William Hill d...

Summary Primark had furloughed around 30,000 employees in Britain in March 2020, but had removed them from the scheme during June 2020 John Lewis...

UK Insurers To See A Surge In Travel Insurance Policy Demand Post 31...

Summary European Health Insurance Card (EHIC) which covers health insurance needs for travellers of all EU members citizens when they travel within...

Stamp Duty Holiday to Give A New Lease of Life to The Crisis Stricke...

Summary Chancellor Sunak announced housing sector stamp duly holiday till 31 March 2021, when the industry was expecting it for only six-months De...

PM takes measures to raise the economic activity in Britain, while t...

Summary Johnson asks his staff to start coming to office from Monday, 13 July PM office is preparing a nine-month roadmap to return to normal life...