The bosses of four of the largest British banks secretly urged the Chancellor to abandon the most important regulatory change imposed after the 2008 financial crisis, which warned its continuous imposition inhibiting the economic growth of the United Kingdom. Sky News has obtained an explosive letter sent this week by the Directors General of HSBC … Read more
Reckless travelers returning from the EU may have their sandwiches and local specialties, such as cheese, confiscated when they enter the United Kingdom. The luggage in which they transport their goodies can also be seized and destroyed – and if the border force catches them to try to pass meat or dairy products without declaration, … Read more
The Chinese economy worked better than expected in the first quarter of the year – but it reflects a moment before the explosive trade war with the United States, which saw the two largest world economies decoupled effectively. Economists had predicted that the gross domestic product would increase by around 5.1% in January to March, … Read more
The net zero sector has increased by 10% in the past year – adding 83 billion sterling books to the British economy, suggests a new study. Employment in green businesses and industry has also climbed 10%, supporting the equivalent of 951,000 full-time jobs (2.9% of total employment in the United Kingdom). Last policy: PM warns … Read more
Yes, there are all kinds of services. THE British economy is still online. An expansion of 0.1%, to a key measure, is about as close as possible to zero. The gross domestic product per capita – a better measurement of our standard of living – shrinks (indeed, it has shrunk for two quarters). And the … Read more
The British economy almost returned to growth in November after two months of contraction, according to the latest official figures. Gross domestic product (GDP), the standard measure of the value of an economy and everything it produces, increased by 0.1%, according to data from the Office for National Statistics. Growth of 0.2% was forecast. Money … Read more
British businesses are heading into the new year in a gloomy mood. New chancellor Rachel ReevesThe increase in employer National Insurance Contributions (NICs) in his autumn budget will increase the cost of employing people, which is likely to impact both hiring and investment. Some sectors face specific challenges: the automotive industry, for example, still grapples … Read more
The UK economy showed no growth last quarter, according to revised figures from the Office for National Statistics (ONS). The previous estimate for July and September indicated that the economy grew by 0.1%. Early estimates show that real GDP per capita fell by 0.2% in the third quarter of 2024, down 0.2% from the same … Read more
The economy remained in reverse gear in October, according to official figures covering the month before the government’s first budget. The Office for National Statistics (ONS) said output fell 0.1% following the 0.1% fall recorded the previous month. It was the first time since the COVID pandemic that the economy contracted for two consecutive months. … Read more
A third successive interest rate cut has been ordered by the European Central Bank (ECB) to help stem the slowdown in the eurozone. The bank’s board said that while its fight against inflation continued to make real progress, it was also acting to help fuel declining demand in the 20 countries that use the euro. … Read more