The agreement, which covers the majority of goods, is extended for an additional five years, providing much-needed economic support to Ukrainian businesses impacted by the war.

China's spy agency said Monday the head of a foreign consultancy had been found to be spying for Britain's MI6 intelligence service.

Business investment in the UK increased in the first six months of 2023, but the growth was partly due to exceptional factors such as investment in new planes and a tax break. Businesses are now expecting inflation to be lower than previously forecast, which could reduce the pressure on the Bank of England to raise interest rates.

The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.

Concerned that some degrees offered by British universities are failing to deliver good graduate outcomes, the government have announced plans to limit student numbers on poorly performing courses.

The British economy defied expectations by experiencing a slight growth in April, driven by the resilience of retailers and the thriving film industry.

Britain's scandal-hit business lobby group, the CBI, faces a vote crucial to its survival Tuesday, with members urged to back reform under new leadership after allegations of sexual harassment by staff.

Most British businesses expect their sales to rise over the coming year - an improvement from late 2022 - despite seeing no sales growth over the past three months, the British Chambers of Commerce said on Tuesday.

Ben Harrison suggests long-term investments and reforms for the UK's employment services, as the nation's economic challenges continue to haunt employers and employees alike.

British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above 10 percent, prolonging a cost-of-living crisis that has sparked massive strikes.

The Energy Bill Relief Scheme offers help for businesses, the public sector and charity organisations.

British businesses are gloomy about prospects for 2023 as they face the likelihood of a surge energy bills and ongoing post-Brexit trade difficulties, the British Chambers of Commerce said late on Wednesday.

Britain's next prime minister, former finance chief Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

British companies are the most downbeat about the outlook for their profits since the depths of the COVID-19 pandemic in late 2020 despite widespread plans to raise prices, a major survey showed on Thursday, adding to signs of gloom about the economy.

Dashed hopes, so far at least, that Brexit would tilt Britain's economy towards growth driven by trade and investment are threatening another of Prime Minister Boris Johnson's flagship policies: "levelling up" the regions outside of London.

Rocked by a major revolt against his leadership this week, British Prime Minister Boris Johnson will on Thursday promise to rejuvenate a flagging economy and make it easier for young people to buy homes.

The British Chambers of Commerce (BCC) said the report reflected the "lived experiences" of more than 1,000 small- and medium-sized firms trading with the EU.

Britain will still introduce full customs declarations and controls on January 1, 2022, as planned.

Five major business lobby groups say companies will begin relocating jobs out of the UK in the coming months if no deal is in place.

Survey of more than 7,100 businesses reveals improvements in the manufacturing sector in the third quarter.

Discussions open as UK and German business leaders jointly call far "business critical" issues such as workers' rights, tax and customs arrangements to be tackled.

Latest UK official economic data greeted with caution by City analysts and business lobby groups.

Economy to see subdued growth in second quarter, BCC says.

Taylor says flexibility is key to job creation in the UK, even though millions are in insecure work.

Some 54% of firms say their needs are not being prioritised by the government.

CBI, BCC, IoD and FSB among business lobby groups calling for politicians to get their act together for the sake of the UK economy.

Labour's shadow foreign minister Catherine West writes for IBTimes UK on migration.

Theresa May will unveil the party's pledge to help those in the gig economy.

Department for Culture, Media and Sport study: "Nearly half" of UK businesses suffered a cyberattack or breach.

Even though big businesses are major targets, we all need to improve security.