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Economy
PM Announces Further Relaxation in the Lockdown Restrictions- Cineworld Group in focus
August 14, 2020 02:35 PM BST| By Kunal SawhneySummary Boris Johnson announced that there would be further relaxation provided in the lockdown restrictions imposed by the British government Indoor theatres, music and performance venues, wedding receptions, sports events, etc. will take plac.....
British Government Signs Up for another 90 Million Doses of Covid-19 Vaccine
August 14, 2020 02:22 PM BST| By Hina ChowdharySummary The UK has added 90 million doses of coronavirus vaccine to its existing stockpile UK potential reserve stands at over 300 million doses of experimental vaccines AstraZeneca previously signed up for supplying 30 million of doses by Sep.....
Business Leaders Predict Office Downsizing, How Will Office REITs Be Impacted?
August 14, 2020 05:00 AM BST| By Kunal SawhneyA latest survey by Accumulate Capital was conducted interviewing 500 plus business leaders in the UK. It revealed that almost three fourth of these leaders surveyed said that their office premises would have to be relocated to smaller commercial pr.....
Need For A Strong Infrastructure Sector To Boost Economic Growth In The UK
August 13, 2020 09:48 PM BST| By Kunal SawhneySummary Economic crisis during the coronavirus pandemic has re-emphasised the need for having continued attention on infrastructure projects for boosting economic growth. According to the 2019 data for overall quality of infrastructure present.....
Rising UK House Prices Despite Deteriorating Economy; Focus on Taylor Wimpey & Crest Nicholson
August 13, 2020 09:27 PM BST| By Team Kalkine MediaSummary UK GDP has fallen by 20.4 per cent in the quarter ended June 2020, putting the country into recession The average housing prices in London rose by 4.7 per cent year-on- year to March 2020. Halifax house price index stated that average .....
What Will It Take To Fully Recover From The Coronavirus Slump?
August 13, 2020 02:20 PM BST| By Team Kalkine MediaExperts predict the recovery to be slow and long drawn. UK Chancellor calls for three Rs to revive the economy under recession British economy contracted by a record 22.2 per cent during H1 2020 However, economic output grew by 8...
British Pension Group LAPFF Demands A Ban on All New Petrol, Diesel and Hybrid Cars By 2025
August 13, 2020 02:11 PM BST| By Kunal SawhneySummary LAPFF, one of the largest pension fund houses in the United has demanded that fossil fuel cars be phased out by the country by 2025 The stand taken by the pension fund group is in response to the consultation process initiated by the go.....
British Insurers Provisioning More with Increase in Covid- 19 Death Payouts
August 12, 2020 08:42 PM BST| By Kunal SawhneySummary Most insurers have witnessed increased payouts on deaths being attributed to the coronavirus pandemic There has been an increase in the businesses of the insurers as people are rushing in to buy life insurance, income protection and ill.....
Does The Risk of Job Losses At TSB Highlight the Importance Of Technology For Banking Sector?
August 12, 2020 08:38 PM BST| By Team Kalkine MediaThe coronavirus pandemic has strengthened the concept, making it a new normal. Summary TSB Bank cited reduced customer visit to its branches during the coronavirus pandemic as a reason to cut the role of cashiers in its branches, risking m...
UK GDP To Contract More Than Any Other G7 Nation In The Second Quarter
August 12, 2020 02:55 PM BST| By Team Kalkine MediaSummary British economy to shrink steeply by 21 per cent during Q2 2020 The country’s economic output had declined by 2.2 per cent during Q1 2020 This brings the UK in the list of countries undergoing economic recession, Eurozone and the.....
UK-Japan Trade Deal and Its Impact on Different Businesses
August 12, 2020 02:32 PM BST| By Hina ChowdharySummary The UK currently conducts its bilateral trade with Japan through the existing deal that they negotiated with the European Union last year UK and Japan have reached an agreement in most of the areas such as car trade and financial servic.....
Is The UK Retail Spending Approaching Pre-Pandemic Levels?
August 12, 2020 02:23 PM BST| By Kunal SawhneyOnly mild signs of recovery seen with the sector still trying to catch-up on lost ground Total retail sales were up marginally by 3.2 per cent in July 2020 compared with the same period previous year Food, furniture, and homeware...
UK is Undergoing Economic Recession
August 12, 2020 02:10 PM BST| By Team Kalkine MediaSummary UK GDP shrank by 20.4 per cent during April to June 2020, and by 2.2 per cent during January to March 2020 Only the pharmaceuticals category (amongst manufacturing segment) grew positively during Q1 and Q2 2020, as per government data .....
Is Short Term Negative Perception Hurting Commercial Property Valuations in the UK?
August 12, 2020 12:46 AM BST| By Hina ChowdharySummary Lockdown, social distancing measures, and increasingly popular work from home facilities are taking the sheen out of the commercial real estate in major high-profile areas in the UK Falling rental income, and high uncertainty regarding.....
Has Sunak’s Stamp Duty Holiday Led to The Upbeat Demand Scenario for The UK Property Market?
August 11, 2020 02:10 PM BST| By Kunal SawhneySummary After the announcement of stamp duty holidays, the property market has moved upwards with a good amount of increase in the number of buyers registering to purchase homes. The chancellor, Rishi Sunak, in his summer financial statement, h.....
Has The Dismal UK Employment Data Impacted Stock Markets?
August 11, 2020 02:10 PM BST| By Kunal SawhneyFTSE 100 index rallies despite worrisome data released by the government on the job losses front Summary The county records an unemployment rate of 3.9 per cent for the second quarter of 2020 Younger and older people had been mor...
One In Three UK Firms Could Cut Jobs By Autumn: CIPD Survey
August 10, 2020 02:20 PM BST| By Hina ChowdharySummary Job loss is the most severe immediate impact of Covid-19 crisis Chartered Institute of Personnel and Development (CIPD) and Adecco Group, in a survey of 2,000 companies stated that one out of three businesses in the United Kingdom inten.....
Government Provides Additional £256 Million Support to Bus and Tram Operators
August 10, 2020 02:15 PM BST| By Kunal SawhneySummary The government announced second round of funding worth £256 million for the bus and tram operators in the UK The money would help the public transporters to scale up their services ahead of September 2020 which is likely to see an.....
Negative Interest Rate Possibility Remains Alive in the UK In Face of Slow Economic Recovery
August 10, 2020 02:10 PM BST| By Team Kalkine MediaSummary BoE may contemplate a negative interest rate regimen to support the battered economy of the nation The bank had explored the possibility of using negative interest rates in its quarterly monetary policy report published earlier this mon.....
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China exports grow 7.2pc in July while clouds loom over Australia-China relations
August 10, 2020 10:50 AM BST| By Team Kalkine MediaSummary China's exports rose 7.2% in July, while imports fell 1.4% compared to a year ago. The rise in exports came due to the rising demand for medical supplies, and automobiles as coronavirus restrictions eased around the world. China's trad.....
