UK Retailers Continue to Struggle From Economic Uncertainties and Changing Consumer Habits in November
The fashion and clothing sector, traditionally a cornerstone of the UK retail landscape, continues to face headwinds, according to recent reports.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
Businesses Clamour for Certainty and Sustained Tax Rate Break Ahead of Autumn Statement
British business groups have urged the government to formulate a long-term industrial policy, with industry leaders pushing for tax breaks to be made permanent.
Labour Strikes a Confident Note in Liverpool Despite the News of Turmoil in the Middle East
Rachel Reeves was in the limelight in Liverpool, described as the would-be "first female Chancellor ever in Britain", and also the "best qualified".
New cultural education plan to be added to state school curriculum
In 2023, the UK invested more than £75 million into the creative arts and culture sector. The creative arts pledge aims to create more opportunities and job roles for young people.
Crisis-hit UK business lobby faces survival vote
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.
UK government's £7 billion Energy Cost Relief program uplifts businesses
The energy cost relief program benefits majority of UK businesses, extending assistance to non-standard customers with license-exempt suppliers.
Record number of Indian-owned companies in the UK ahead of UK-India free trade agreement
UK-India free trade agreement may 'boost' the growing number of Indian-owned companies in the UK, but question marks remain on Britain's post-Brexit position.
UK job postings soar to record high after Easter holiday
According to REC and Lightcast, there were nearly 190,000 new job posts during the Easter holiday. However, industry and job type disparities emerge.
Sunak seeks to boost UK business links amid crisis
Sunak's Conservatives and the main opposition Labour party are jockeying for position ahead of a general election expected next year.
UK government's updated Net Zero Strategy welcomed by finance industry
The Government's updated Net Zero Strategy, which now recognises the key role played by UK-based professional bodies, has been welcomed by the finance industry.
Approximately 3.7m people in the UK are working low-paid and insecure jobs
The Good Business Charter has redefined its brand to encourage ethical business practices across 10 key areas as poor business practices continue in the UK economy.
Head of British business lobby sacked over misconduct
The CBI suspended three other employees and apologised to victims as it expressed "revulsion" over their stories and admitted "serious failings" in its handling of the matter.
The Resilience of UK SMEs - How small businesses can navigate economic challenges
Despite the tough economic challenges that have rattled the UK in recent years, opportunities are ripe for UK SMEs to innovate and flourish like never before.
UK employers feel the strain of missing skilled workers
Frustrated with England's education system, Simon Biltcliffe spends a lot of time training new hires at his marketing firm in the "soft skills" he and many employers say the country's sluggish economy badly needs.
British labour market, and pay growth, slow in February - REC
Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.
Pound faces mid-Atlantic as markets eye BoE blink
Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it - showing just how peculiarly British the downturn there has become and heaping pressure on the Bank of England.
UK employers urge Sunak to act urgently on growth reforms
Britain is lagging its peers in the race to spur economic growth and Prime Minister Rishi Sunak must act now to boost green investment, fix a lack of workers and avoid chaos over post-Brexit rules, the head of an employers group said on Monday.
CBI urges the UK government to act decisively on energy bill scheme
The CBI has urged the UK government to clarify its position on the energy bill scheme and explore policy reforms in tackling the rising energy bills.
UK economy to shrink in 2023, risks 'lost decade': CBI
Britain's economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday.
'Employ more British workers,' Jenrick tells UK businesses
UK Immigration Minister Robert Jenrick has urged UK businesses to train local people while the CBI head wants more migrant workers boost economy growth.
UK public finances worsen, as OECD warns on outlook
The government and OECD both see UK growth of above four percent this year.
Britain must end reliance on 'cheap labour', Starmer tells businesses
British main opposition Labour leader Keir Starmer warned business bosses on Tuesday "the days of low pay and cheap labour" must end, putting him in line with Prime Minister Rishi Sunak who has also rejected calls for looser immigration rules.
COVID in China sets sterling for biggest daily fall in two weeks
Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID-19 cases in China, which led to new restrictions in the world's second largest economy.
Recession-hit UK needs more migrant labour: business group
The UK has forecast its economy to shrink 1.4 percent next year, hit additionally by fallout from Brexit which has resulted in foreign workers returning home.
Analysis: UK's Hunt faces triple threat from debt, recession and conservative rebels
Newly confirmed finance minister Jeremy Hunt must keep investors calm about Britain's debt mountain, avoid causing a deep recession and work out a way to stop the Conservative Party from splintering again - and all of it by next Monday.
UK manufacturers gloomy about near-term outlook - CBI
British manufacturers expect the biggest drop in production since the start of last year over the next three months, a monthly survey from the Confederation of British Industry showed on Wednesday.
UK services sector downbeat in face of record costs - CBI
Britain's services businesses reported a record increase in costs over the past three months and are downbeat about the future, as inflationary headwinds look set to squeeze demand further, the Confederation of British Industry said on Tuesday.
UK economy slows as factories report output slump
Britain's private sector slowed to a crawl in August as factory output fell and the larger services sector eked out only a modest expansion, adding to signs that recession may be looming, a closely watched survey showed on Tuesday.