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Economy
Job Entry Targeted Support Scheme: What is there in the new £238-mn scheme for job seekers?
October 05, 2020 10:55 PM AEDT| By Team Kalkine MediaThe UK Government has launched a new employment plan called the Job Entry Targeted Support (JETS) scheme on 5 October 2020 with an investment of £238 million. The scheme is targeted to help those workers who were rendered jobless during the p.....
SMMT’s “Safe Harbor Scheme” To Secure Auto Industry Supply Chains Ahead of EU Pullout
October 02, 2020 10:10 AM AEST| By Kunal SawhneyThe Society for Motor Manufacturers and Traders (SMMT) in the United Kingdom has launched a major initiative to address one of the major issues concerning the automobile industry currently, called the "Safe harbour Scheme" it seeks to address the p.....
UK Economy Shrinks To Record Low: FTSE 100 Might See A Fall Due To Covid-19 Resurgence
September 30, 2020 11:20 PM AEST| By Team Kalkine MediaRevised data has been released from the Office for the National Statistics (ONS) which revealed that the economic output in the UK dropped by 19.8 per cent as against the initial estimates of 20.4 per cent for the second quarter of the year.....
Negative interest rates in the UK? All eyes on BoE’s November MPC meet
September 29, 2020 11:11 PM AEST| By Kunal SawhneyCountries across the world are facing the dearth of economic activity since the lockdowns have been implemented due to the coronavirus pandemic. The economic activities have slowed down after business closures, suspension of services in sectors suc.....
Rising House Prices in The UK - Should You Buy A House Now?
September 28, 2020 10:11 PM AEST| By Team Kalkine MediaHouses and other real-estate assets largely remain dynamic, as far as their prices are concerned. House prices and the market values of residential homes across the UK have seen a considerable upswing after the markets started recovering fr.....
Consistent Rise In GfK Consumer Confidence Index; Spotlight On Healthcare, Retail, and Technology Stocks
September 27, 2020 04:12 PM AEST| By Team Kalkine MediaBritish economy has been derailed from its growth track after a stringent shutdown was imposed in March 2020 to halt the spread of Covid-19 cases. With industries, transport, shops, and malls shut, economic activity came to a grinding halt in the U.....
PM Johnson Urge Leaders at UN Climate Roundtable to Rebuild A Greener Planet
September 25, 2020 09:25 PM AEST| 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 09:09 PM AEST| 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 07:20 PM AEST| 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 10:15 PM AEST| 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 09:27 PM AEST| 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 11:11 PM AEST| 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.....
Why Are The Property Rents Falling In London?
September 21, 2020 11:11 PM AEST| 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 10:11 PM AEST| 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 10:25 AM AEST| 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 07:15 PM AEST| 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 10:22 PM AEST| 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 10:10 PM AEST| 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 11:22 PM AEST| 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 11:11 PM AEST| 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 .....
AI on the Rise: A Look at Top AI Companies and Their Stocks