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Economy
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BCC Survey: UK’s Business Conditions Poor in Q1 2021
April 01, 2021 05:45 AM BST| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A survey by BCC has found that UK’s business conditions were historically poor in Q1 2021. But business sentiments in the same quarter were also boosted by government’s lockdown easing r.....
UK Economy Rebounds More Than Expected, Lens on Top 5 FTSE 100 Gainers
March 31, 2021 03:48 PM BST| By Suhita PoddarSource: patpitchaya, Shutterstock Summary The UK economy grew by 1.3 per cent for period October to December last year, according to official data. The production output dropped by 8.6 per cent for 2020, while services output declined by 8.9 p...
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Recovery on Cards: UK Business Confidence Improves to One-Year High
March 30, 2021 09:03 AM BST| By AbhijeetSource: Panumas Yanuthai, Shutterstock Summary Lloyds Bank Business Barometer increased by 13 percentage points to 15 per cent. The survey shows the biggest increase in overall confidence in the Manufacturing and Retail sectors. Of the 12 UK...
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Brexit Woes: 11% Exporters May Permanently Halt Business with the EU, Study Finds
March 29, 2021 02:20 PM BST| By AbhijeetSource: Rawpixel.com, Shutterstock Summary A new study has found that 23% of exporters have temporarily stopped exporting to the EU. About 4% decided to stop trading with the EU permanently because of the new trading rules. About 11% of expor...
BoE Asks Bankers to Keep Liquidity Tap Open to Help Households, Businesses
March 26, 2021 03:39 PM GMT| By AbhijeetSource: Tupungato, Shutterstock Summary The Bank of England asked banks to continue lending to companies and households. BoE said UK banks can support both businesses and households as they continued to reel under the pressure of the pandemic....
Report: 840,000 Brits Have Rent Dues, Landlords’ Body Warns of Rising Homelessness
March 26, 2021 02:59 PM GMT| By AbhijeetSource: Srdjan Randjelovic, Shutterstock Summary A report has found that 840,000 tenants have arrears in rent since the lockdown began. The report found that debts have increased so much that tenants would no longer be able to afford to pay th...
How Prices of Products Will Go Up Due to Suez Canal Blockade
March 25, 2021 04:02 PM GMT| By Suhita PoddarSource: Leonardo da, Shutterstock Summary The Suez Canal, built in 1869, is a strategic location as it connects the Red Sea with the Mediterranean Sea and is crucial as around 12 per cent of global trade pass through it. Experts said that the...
Why the UK Unemployment Rate Fell for The First Time Since the Pandemic
March 23, 2021 02:40 PM GMT| By Suhita PoddarSource: Tong_stocker, Shutterstock Summary The Office for National Statistics reported that UK’s unemployment rate fell to 5% in January, beating the previous forecast of 5.2%. The December jobless rate was 5.1%. The number of payrolls...
Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes
March 19, 2021 05:15 AM GMT| By Daminintinued government support seems necessary to drive economic recovery in the period ahead. The continuing rollout of COVID-19 vaccines worldwide to contain the spread of the pandemic has emerged as a shot in the arm for the global economy. The...
UK Govt Borrowed £19.1 Bn In February, Highest In 28 Years
March 19, 2021 04:11 AM GMT| By AbhijeetSource: Freedomz, Shutterstock Summary The UK government borrowed £19.1 billion in February, the highest since 1993. The fiscal deficit for the first 11 months of the financial year was at £8 billion, up 6% year-on-year. According...
Brexit Woes: Exports to UK From Europe Sank by Record 27.4% In January
March 18, 2021 03:52 PM GMT| By Suhita PoddarSource: MOLPIX, Shutterstock Summary Latest data show exports to the UK from Europe fell by 27.4 per cent to €18 billion in January. Britain’s export to the union also fell by 59.5 per cent to €6.4 billion. Data from Ireland s...
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The Economic Corner
March 18, 2021 01:30 PM GMT| By Team Kalkine MediaSource: vwhiteMocca, Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. The Fed upgraded US growth forecast and signalled that the interest rates will be kept close to zero unti...
BoE MPC March 2021: Rates Kept At 0.1%, Policy Stance Remains ‘Appropriate’
March 18, 2021 12:56 PM GMT| By Abhijeetee has kept the policy stance “appropriate” at its meeting ended on 17 March 2021 The Bank of England (BoE) Monetary Policy Committee (MPC) on Thursday, 18 March, maintained the key lending rates near zero, at 0.1 per cent, for the e...
Biggest Global Economic Updates
March 18, 2021 05:33 AM GMT| By Team Kalkine MediaSource: Sittipong Phokawattana ,Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. US Federal Reserve meeting on 17 March was one that was closely watched by the world. The...
Top 5 developments from Australia and world
March 18, 2021 03:06 AM GMT| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
Why UK Banknotes Should Feature More Women Achievers in Future
March 13, 2021 05:55 AM GMT| By Suhita PoddarSource: MiniStocker, Shutterstock Experts and economists have raised the need for more women to be celebrated on British banknotes as only three women have appeared so far on Bank of England no...
Which Were the Winning Sectors in The UK Budget 2021
March 13, 2021 05:02 AM GMT| By Suhita Poddarptember, where employees will continue to receive 80 per cent of their salary UK Chancellor of Exchequer Rishi Sunak announced his second annual budget on 3 March, which included promising measures to safeguard the coronavirus crisis that hit bu...
Why the UK Exports to EU Fell by Record 41% In January
March 12, 2021 05:09 PM GMT| By Suhita PoddarSource: Travel mania, Shutterstock Summary UK’s exports to the EU fell by a record 40.7 per cent in January due to Brexit, stockpiling and lockdown restrictions. ONS reported the UK economy contracted by 2.9 per cent, better than p...
Know What’s Latest in Global Economic Calendar
March 09, 2021 08:27 AM GMT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 10:31 AM GMT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
