126 results for "UK economy"

The Bank of England is not very optimistic about the French elections. The Bank reckons that the French elections are likely to shake up the world's financial scene and even...

The latest predictions from the British Chambers of Commerce (BCC) suggest that the UK economy is set to grow faster than expected. Moving from a previous estimate of 0.5% to...

A recent analysis commissioned by Microsoft predicts that if the UK embraces cloud computing and artificial intelligence (AI), the country's GDP could increase by £550 billion by 2035. The study,...

According to the Office for National Statistics, the UK economy saw a 0.1% increase in Gross Domestic Product (GDP) in February of this year, following a 0.3% rise in January....

Official data showed that the UK economy displayed signs of growth in January after experiencing a mild recession in the second quarter of 2023, offering prime minister Rishi Sunak a...

Britain braces for a looming financial blow as a surge in sick days is predicted to incur a staggering cost of £66 billion by the decade's end, sounding alarm bells...

In a cautionary note, Swati Dhningra, a policymaker at the Bank of England, has expressed concerns about the potential consequences of delaying interest rate cuts until inflation further subsides. Dhingra...

Renowned economist Hamish McRae provides insights into the trajectory of the UK economy, emphasizing upcoming figures that could signal a rebound. Anticipated interest rate adjustments add to the intrigue, and...

Regional disparity in the UK's economy remains deep, as the gap between the prosperity of London and the South East and that of the rest of the country continues to...

Imposed immigration restrictions on international students are raising concerns among university leaders, who predict potential damage to the UK's economy. The enrolment of overseas students has witnessed a significant drop...

A report reveals that the UK's net zero economy experienced a notable surge of 9% in 2023, in stark contrast to the marginal 0.1% growth observed in the overall economy....

Rishi Sunak's vow to foster economic growth hits a dissonant note as the UK unexpectedly plunges into recession. Shadow chancellor Rachel Reeves asserts that Sunak's commitment lies in tatters, painting...

Last April, the UK saw an increase of 1.1% in average house prices over the same month the previous year, says the Office for National Statistics (ONS). This positive trend...

Millions of UK households could face a council tax increase after July. The Labour Party's Wes Streeting has refused to rule out a council tax increase if it wins the...

Prime Minister Rishi Sunak's aspirations for a pre-election cut in the Bank of England's base rate are in danger of being dashed on Thursday. On Thursday, the Bank's Monetary Policy...

The Resolution Foundation, a leading think-tank, has warned that record immigration has not made Britons richer, and has instead masked a major productivity crisis. Britain's Record Immigration Levels and Economic...

At a time when rising council tax, broadband and mobile phone prices, as well as pressures on family finances, have put a strain on customer spending growth, a report suggests...

UK inflation fell to 2.3% in April, marking the lowest percentage for almost three years, but the fall was less than expected, dashing expectations of an interest rate cut much...

According to PwC's most recent global AI employment barometer, UK workers are now offered a hefty 14 % wage premium for AI-savvy roles, underscoring the sector's extraordinary growth. The analysis,...

Supermarkets and other gas dealers have been charged with inflating their profit margins and pushing up UK fuel price to new highs. UK Fuel Price Crisis: RAC Calls for Government...

The Department for Work and Pensions (DWP) has vowed to offer people additional time and assistance in order for them to find a job. The pledge comes as new Universal...

UK universities have recently reported a significant decline in foreign students' numbers, amid warnings that further student visa restrictions would restrain a vital flux of talent for the nation's creative...

With a 4.9 percent rise from the year prior, the UK's green taxes revenue in 2023 was £52.5 billion, nearly returning to the pre-pandemic state. The rate of corporation tax...

The UK emerged from recession at the beginning of the year thanks to stronger-than-expected growth. According to official statistics, the GDP expanded by 0.6% between January and March—the quickest pace...

The next government will be required to hit voters with post-election tax increases and delay net-zero investment unless it is willing to scrap Treasury guidelines for managing public finances, according...

The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...

Taxes and high interest rates are set to make the UK economy the slowest growing in the G7 next year, according to forecasts by the Organisation for Economic Co-operation and...

According to the Trades Union Congress, many average UK workers have seen £200 vanish from their bank accounts.  Average UK Workers Experience Real Wage Decline, Criticisms of Conservative Policies Arise...

On April 26, newly enacted laws that empower law enforcement agencies in the United Kingdom to “seize, freeze and destroy” crypto assets came into effect. This legislative action directly responds...

In light of growing challenges to international security, the prime minister Rishi Sunak announces an increase in the military budget. UK Plans Defence Spending Increase to 2.5% of GDP by...

The cost of living crisis that has plagued millions of households since the end of 2021 appears to be easing, as data shows that UK grocery price inflation fell to...

Early fees are likely to become a substantial monthly financial burden when post-Brexit border checks begin at the end of this month. New Brexit Border Charges Several key figures in...

The RAC issued a warning that UK petrol prices might soar far above 150p per litre, after rising by roughly 8p this year. Rising UK Petrol Prices Spark Concerns Since...

Britain's economic vitality is under the microscope as the decision by the public sector to adopt a four-day work week generates much discussion and concern. Indeed, the Welsh Government, backed...

UK Prime Minister Rishi Sunak's proposed wine tax changes have raised serious concerns across the industry. The new regulations, due to come into force in February 2025, could lead to...

As the Easter holiday gets underway, millions of people in the UK are expected to hit the road on Good Friday due to heavy winds from Storm Nelson. Storm Nelson...

It is commonly believed that the British government, a body elected by the people, mostly by its pensioners, always has their interests at heart. However, this perception is not entirely...

Nearly 8 million jobs in the UK could be lost due to the omnipresence of artificial intelligence in almost every work field. New research has warned that the people most...

The UK housing market offers poor value for money compared with other developed countries. Typically, UK households spend much more money for much less living space. This means that the...

Britain is currently facing its most significant and sustained rise in the number of working-age adults unable to work due to illness since the 1990s. This highlights the urgent need...

The latest data published recently by the Office for National Statistics (ONS) reveals a significant rental costs rise across the UK last February, while price adjustments in the housing market...

The UK has long been an attractive destination for most international students seeking a visa to study abroad. With its prestigious universities and global reputation, Britain's higher education system has...

New UK visa laws are now in effect, aiming to limit care workers from bringing their relatives, while caregivers who are sponsoring migrants are asked to register.  New UK Visa...

Job vacancies in the UK have dropped to their lowest in three years as recruiters delay or suspend their hiring processes. A situation that considerably impacts the country's economy, already...

UK new car sales have surged to their highest level in twenty years this February, marking a significant milestone in the automotive sector. Corporate entities have played a pivotal role...

The United Kingdom has seen a significant fall in its trade volumes in recent years, marking the biggest five-year fall on record. Economists attribute this decline largely to the impact...

Online property platform Zoopla has unveiled optimistic figures, indicating a robust trajectory for UK property sales. Projections suggest the market is poised to achieve approximately 1.1 million transactions throughout the...

Following global climate alarmism and the need to reduce carbon emissions, the UK is undertaking a monumental shift to renewable energy. However, in this laudable transition, concerns have arisen about...

The Department for Work and Pensions (DWP) has unveiled ambitious plans to optimize £1.4 trillion in pension schemes, aiming to enhance benefits for savers and contribute to the broader economic...

As the UK enters its first recession in 11 years, gold's safe-haven appeal is attracting attention from investors. As the economy slows and markets become more volatile, they are looking...