ECONOMY

A new survey found that almost half of new parents have got into debt over childcare expenses and 25 per cent of mothers on maternity leave are skipping meals to cut costs.

Danielle Summer Feb 20, 2024

The UK signed its first economic partnership with an African country this week as it seeks to enhance trade relations with Nigeria, especially in the exports and imports of financial and legal services.

Pratiti Nath Feb 15, 2024

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.

Pragati Singh Feb 13, 2024

According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.

Danielle Summer Feb 13, 2024

A new AI regulation white paper has called for strict changes AI regulatory framework including supporting UK regulators with £100 million in funding to develop technical systems to monitor AI systems.

Pratiti Nath Feb 07, 2024

The new data, derived from experimental results within the Labour Force Survey, could potentially exert pressure on the Bank of England to reconsider any immediate plans for interest rate cuts.

Pragati Singh Feb 07, 2024

The costs borne by farmers, notably for energy, fertiliser, and transport, have escalated in numerous EU countries, particularly since Russia's invasion of Ukraine in February 2022.

Jastine Beatrice Yap Feb 04, 2024

The movement restrictions imposed by Brexit on Britons, including second-home owners, has had a detrimental effect on EU economies. But, could it all change?

Danielle Summer Feb 03, 2024

The report's focus encompassed the concentration of employers, the prevalence of non-compete clauses and the recent surge in hybrid working arrangements.

Pragati Singh Jan 30, 2024

A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.

Pragati Singh Jan 22, 2024

The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.

Pragati Singh Jan 18, 2024

As the next general election approaches, MP Rachel Reeves will introduce JP Morgan investors to Labour's plan to regrow the British economy.

Danielle Summer Jan 18, 2024

To protect Kyiv from bankruptcy, the UK and Ukraine have launched a tech programme that will allow for international networking and business collaborations.

Danielle Summer Jan 17, 2024

The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.

Danielle Summer Jan 17, 2024

Wealth inequality has become a highly divisive issue.

Sadhna Yadav Jan 17, 2024

The world's billionaires have collectively become £2.6 trillion richer since 2020, growing their wealth at a rate three times faster than inflation.

Jastine Beatrice Yap Jan 16, 2024

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

Pragati Singh Jan 12, 2024

The UK government has announced a civil nuclear roadmap that seeks to revive the UK nuclear sector with a plan to build new nuclear reactors, fuels, and technology, adding UK jobs across the country.

Pratiti Nath Jan 12, 2024

Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.

Pragati Singh Jan 11, 2024

The UK has launched a unique nuclear fuel production programme called the HALEU programme which powers nuclear reactors previously fueled by Russian fuel, fulfilling its COP28 promise of reducing Russian fuel dominance.

Pratiti Nath Jan 09, 2024

Around 1.5 million households are anticipated to have increased mortgage costs due to the housing crisis as the period of fixed-rate deals is ending.

Jastine Beatrice Yap Jan 08, 2024

Research shows that a record number of children have been forced into temporary accommodation this winter, including shipping containers and shared rooms.

Danielle Summer Jan 02, 2024

The UK government has revealed how its Green Recovery Challenge Fund helped add more green jobs and saved hectares of land across the UK through 150 environmental projects.

Pratiti Nath Dec 28, 2023

The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.

Jastine Beatrice Yap Dec 27, 2023

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

Danielle Summer Dec 21, 2023

Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.

Callum Conway-Shaw Dec 20, 2023

As inflation continues to dominate low-income households across the UK, the government have offered to fund their transition towards green energy.

Danielle Summer Dec 20, 2023

As Russian President Vladimir Putin continues to deny an economic crisis, the UK and its NATO allies have implemented further sanctions on Russian businesses.

Danielle Summer Dec 19, 2023

The BRICS alliance – comprising Brazil, Russia, India, China, and South Africa – is gearing up for expansion.

Jon Stojan Dec 18, 2023