ECONOMY

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

Jastine Beatrice Yap Nov 23, 2023

The UK government is changing the unsustainable UK welfare system with a new policy change that will reduce benefits for disabled and mentally ill people and make them work from home.

Pratiti Nath Nov 21, 2023

In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.

Callum Conway-Shaw Nov 15, 2023

With the cost of household gas and electricity remaining notably elevated, the cost of living crisis continues to plague Britons.

Jastine Beatrice Yap Nov 14, 2023

The summit, jointly hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aims to position the UK as a leading global business destination and attract billions of pounds in strategic investments.

Pragati Singh Nov 13, 2023

Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.

Callum Conway-Shaw Nov 03, 2023

Data from Zoopla shows there has been a 23 per cent reduction in housing sales so far this year compared to the same time last year.

Callum Conway-Shaw Oct 30, 2023

Transparent communication with customers about price changes and a continuous focus on cost analysis are essential components of a comprehensive strategy to lower prices during inflation while maintaining competitiveness.

Daniel Elliot Oct 27, 2023

A 10 per cent rise in the real living wage will be a "lifeline" for 460,000 workers struggling with low pay but minority ethnic workers are still disproportionately paid the lowest wages.

Homera Hassan Oct 26, 2023

The UK Space Agency has signed a deal with the "only full-service orbital mission provider" in the space industry for a two-week UK astronauts' flight mission, showcasing the nation's role in commercial space investment.

Pratiti Nath Oct 26, 2023

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.

Pragati Singh Oct 26, 2023

Approximately half a million employees employed by companies committed to the voluntary Real Living Wage are poised to experience a substantial increase in their earnings, bringing their minimum hourly wage to at least £12.

Pragati Singh Oct 26, 2023

The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.

Callum Conway-Shaw Oct 25, 2023

In September, the Government announced a £500 million grant for Port Talbot's steelworks, to keep the plant open and produce steel in a greener way.

Callum Conway-Shaw Oct 23, 2023

UK companies across various sectors like finance, logistics and transport can now use satellite data for their benefit as the UK Space Agency is opening it for business use.

Pratiti Nath Oct 20, 2023

While nothing is set in stone yet, a new report suggests the small-scale production of foldable iPad units will begin by the end of 2024.

Vinay Patel Oct 20, 2023

CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.

Pragati Singh Oct 18, 2023

The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.

Callum Conway-Shaw Oct 17, 2023

The initiative, commissioned by the Foreign, Commonwealth & Development Office (FCDO), aims to deepen collaboration between the UK and India on recent and planned regulatory reforms in the pension sector.

Pragati Singh Oct 17, 2023

As Britain grapples with a cost of living crisis, the deeper fissures in the economy, including inadequate education and training spend, are more evident than ever.

Mehar Sultan Oct 12, 2023

The Nobel Prize Organisation honoured Claudia Goldin for shedding light on the various underlying factors like childbirth and contraceptive pills as reasons behind the gender gap in earnings.

Pratiti Nath Oct 10, 2023

Britain has set the ball rolling for deregulation with the launch of the Smarter Regulation Programme which will review 90 UK regulators across different sectors for 12 weeks, identifying and scraping unnecessary regulations.

Pratiti Nath Oct 04, 2023

New data has shown the UK economy grew faster than Germany or France since Covid, but analysts are wary of the future, as recent figures show sluggishness.

Mehar Sultan Sep 29, 2023

The approval of the Rosebank development follows an extensive regulatory process, including a detailed environmental impact assessment and public consultation. All new projects, including Rosebank, align with the natural decline of the North Sea basin.

Pragati Singh Sep 27, 2023

While London has the highest number of estates subject to the tax, regions such as Sussex, the Cotswolds, and areas around Birmingham are expected to have the highest number of taxable estates per 100,000 residences.

Pragati Singh Sep 27, 2023

Economically inactive British youths can now get employment support through the Youth Offer programme, which will reduce work barriers with assistance like interview coaching.

Pratiti Nath Sep 26, 2023

A new Board of Trade has been created to boost UK exports in high-growth potential sectors like the fashion retail and food and drink sectors.

Pratiti Nath Sep 21, 2023

Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".

Mehar Sultan Sep 13, 2023

Birmingham City Council, Europe's largest local authority, declared effective bankruptcy due to annual budget shortfalls, shifting focus to protect vital services while halting non-essential spending.

Pragati Singh Sep 08, 2023