Review of UK Regulators Aims to Reduce Post-Brexit Hurdles for Businesses and Root Out 'Bad Practices'
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.
Revised Figures Show UK Economy Recovered Faster Post-COVID Than Previously Estimated
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.
Experts predict the Bank of England will raise interest rates a final time from 5.25% to 5.5%
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".
Fears of further delay to UK's post-Brexit border checks
Britain is expected to confirm that it will once again delay introducing post-Brexit border controls on food and fresh products coming from the European Union, the Financial Times reported Thursday.
The Lionesses' World Cup Final tryst could boost the UK economy by £185 million
A report on the Women's World Cup 2023 consumer spending provides insights on how the Lionesses' World Cup Final tryst will help the UK economy as people head to pubs.
UK's long-term sick pile pressure on economy
The number of people not working in t.he UK due to chronic illnesses has soared since the pandemic, putting pressure on the British economy, analysts said on Tuesday.
Rural connectivity could make over £65 billion boost to UK economy
A study has revealed the potential for enhanced rural connectivity to inject £65.1 billion into the UK economy.
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.
UK economy falters as outlook darkens
The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.
Prime Minister Rishi Sunak wants British businesses to fight for Ukraine
At the global summit, Rishi Sunak will call for British business leaders, entrepreneurs, and NGOs to assist with the rebuilding of Ukraine.
UK inflation slides to 13-month low, stays elevated
UK food price inflation stood at 19 percent in April, around the highest level in more than 45 years.
IMF forecasts UK economic growth in major U-turn
The IMF ripped up its previous forecast in April for a 0.3-percent contraction.
Nigel Farage tells Brits that 'Brexit has failed'
Nigel Farage announced that 'Brexit has failed', leaving Brits wanting explanations from the Conservative government and an increase in anti-Brexit campaigns.
Workers in the UK are positive about jobs regardless of high inflation
Research finds UK workers' job confidence to be positive despite the cost of living crisis and a stagnant economy. However, data reveals a fall in social mobility, with many workers not having a degree in the top socio-economic levels.
UK children receiving food aid spikes to over one million: charity
In 2017-18 the figure was less than 500,000.
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 economy shows signs of recovery despite inflation's drag
British businesses reported their busiest month in a year and consumers turned more confident.
Bank of England's Pill says latest UK data is disappointing
Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is "somewhat disappointing" even if it remains better than forecast by the BoE late last year.
Strikes weigh on UK economy which stagnated in February
Britain's economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less likely to be brewing in early 2023, official data showed.
Britain's Sainsbury's offers lower prices to loyalty card holders
Sainsbury's, Britain's second-largest supermarket group, on Tuesday began offering lower prices on more than 300 items to the 18 million members of its Nectar loyalty scheme, rivalling a similar initiative at market leader Tesco.
Inflation means last call for raft of UK pubs: study
A total of 153 pubs shut in the first quarter compared with 104 during the first three months of 2022
UK house sales at pre-COVID levels after 'mini-budget' shock - Rightmove
British homes sales recovered to within a whisker of pre-pandemic levels in March, representing a recovery from September when the failed economic plan of former prime minister Liz Truss sparked turmoil across markets, a survey showed on Wednesday.
UK businesses could see annual tax bills increase by around £9,000
A new analysis has found SMEs could see annual tax bills increase by around £9,000 for the bigger earners from this month. Firms making a profit of £200,000 can expect to see tax bills climb from £39,723 to £49,361.
Environmental and regulatory concerns raised as UK enters Trans-Pacific Partnership
The UK's agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has provoked environmental and regulatory concerns, despite support from the Labour Party.
UK businesses more upbeat about sales despite weak growth
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.
Job adverts are high - though the UK economy faces labour and skills shortages
The total number of job adverts remains high as the UK government tries to entice individuals back to work with spring budget measures.
Energy bill support pushes UK budget deficit to February record
Britain's government borrowed more than expected in February, official data showed on Tuesday, but finance minister Jeremy Hunt may still hope that falling energy costs and inflation will offer leeway later this year for a pre-election tax cut.
UK debt agency treads careful path to sell near-record volume of bonds
Britain is trying to limit the burden on bond dealers as it prepares to sell the highest volume of government debt since the COVID-19 pandemic against a backdrop of turbulent markets, the head of the UK Debt Management Office (DMO) said on Wednesday.
Proposed data bill to save UK economy £5 billion in 10 years
A new proposed UK data bill would reduce pointless paperwork for UK businesses and other EU countries could follow suit to ease European companies.
Green economy and net zero target should be 'budget priorities', says environmental expert
A "green economy" and net zero emissions target should be key priorities in next week's Spring Budget announcement, says environmental expert Laura Hoy.