UK inflation drops to almost 8% in June 2023, marking significant slowdown in price growth
Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.
UK businesses can create nearly 2 million jobs through successful international expansion
A new report by Santander UK reveals that successful international expansion by UK businesses could create about 1.9 million jobs and boost Glasgow's economy by £735 million.
Retail warehousing vacancy rates in the UK continue to decline
The UK retail warehousing sector is witnessing a decline in vacancy rates as retailers capitalise on the availability of second-hand items resulting from administrations and CVAs.
Bank of England warns of rising mortgage payments and potential struggles for UK households
The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.
UK water crisis pollutes privatisation legacy
Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation.
UK retail sales in June show modest growth, falling behind inflation rates
Retail sales saw a slight improvement in June, with like-for-like (LFL) sales increasing by only 1.9 per cent, according to the latest data from BDO LLP.
UK-India free trade agreement aimed at supporting women-led SMEs
The ongoing UK-India free trade agreement negotiations are focusing on women-led SMEs with a dedicated chapter on Trade and Gender Equality.
Why companies employing workers in India see success
India has a large pool of highly skilled professionals in various domains, including IT, software development, engineering, finance and customer service and companies can create mutually beneficial partnerships by hiring them.
Stocks struggle in subdued deals amid US holiday
Asian and European equities faltered Tuesday in muted trade, with Wall Street shut for the US Independence Day holiday.
UK saved 1,800 jobs in the steel industry with a £30mn emergency COVID loan
During the COVID-19 pandemic, Celsa secured a £30 million COVID emergency loan for their facility in Cardiff which saved 1500 pre-existing jobs directly and created 300 jobs indirectly.
Britons increasingly hungry, isolated because they cannot afford food: report
More than 11 million people in the UK faced hunger in the past year, according to research conducted by the food bank charity Trussell Trust.
'Drinkflation' a growing concern as high inflation worries UK hospitality sector
Less booze in your drink as soaring costs and reduced consumer spending pose challenges for brewing sectors.
Three-quarters of UK businesses are lacking experienced workers
According to a recent report, the majority of businesses lack initiatives to attract older workers back into the workforce, despite government efforts.
German economy bids goodbye to years of plenty
On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation.
Wrong policy decisions may play a key role in Britain's high inflation rates
Apart from global factors, UK policy decisions have exacerbated inflation – whether post-pandemic public spending or the slow pace of interest rate hikes.
Interest rate hike heaps pressure on cash-strapped Britons
Millions of Britons are facing fresh mortgage misery after the Bank of England increased interest rates by an unexpected half-point, putting homeowners at risk of higher repayments on their loans during a cost-of-living crisis.
Cost of living crisis drops UK workers' retirement figures to 1 million
A recent report describes this phenomenon of people postponing their retirement plans as "the great un-retirement", given the number of people out of the labour market has reduced compared to last year.
Resilient retailers and thriving film industry drive unexpected growth in British economy in April
The British economy defied expectations by experiencing a slight growth in April, driven by the resilience of retailers and the thriving film industry.
A reported 41 companies commit to assisting over 250,000 Ukrainian refugees with jobs
The next three years will see leading businesses provide hiring, connections and training across Europe to Ukrainian refugees.
How will the emergence of generative AI change future products, and how should product managers respond?
In the AI era, product managers must focus on the speed of product development, marketing, and building competitive advantages with talent having AI knowledge.
Ukrainian women want higher-end job roles in Poland
Most of the Ukrainian refugees that have found employment in Poland are women. But regardless of their qualifications, they are being ushered into the social care field.
Latest labour market data spells more trouble for UK mortgage holders
A reported 1.3 million UK households with mortgages were already expecting increased costs at the start of the year. The latest data means there is more pain yet to come.
Markets extend rally as US inflation data fans rate pause hopes
Asian investors pushed equities even higher Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
May data shows vacancy growth is slowing slightly, yet British skills gap is still hindering economic recovery
Vacancy growth is at its lowest since early 2021, but employers still cannot find qualified staff – especially as wage growth continues, albeit more slowly.
UK-Australia free trade agreement to reduce the cost-of-living effect on consumers
This historic UK-Australia deal formally designated as the Australia-United Kingdom Free Trade Agreement (A-UKFTA) will be regarded as the ultimate standard for trading with Australia.
Asian markets surge on Fed rate hopes
Wall Street and European markets ended with healthy gains, and Asia followed suit on Friday.
Majority of British business owners alarmed by soaring energy bills, survey reveals
As fixed market agreements and government subsidies for non-household energy bills expire, energy costs could potentially increase by 133 per cent.
London businesses pave the way to harness the potential of refugees in the workforce
Recognising the immense potential benefits that refugees can offer to the economy, London's businesses are moving to boost refugee employment.
Grown Close, Sold Close - Unveiling the ups and downs of local sourcing in British supermarkets
Despite challenges, businesses are embracing local sourcing to strengthen their supply chains and align with customer preferences and environmental concerns.
Evolving drone technology is revolutionising the transportation and logistics industry
Advancing drone technology is revolutionising the transportation and logistics market as data shows that the industry is projected to grow from $534 million in 2022 to $17,881 million by 2030.