uk-economy
Top StoriesUK Hands Water Customers Bigger Payouts for Service Failures
InvestingUK Stocks Start Policy Decision Week Lower; Entain Falls
FinanceBritain to Publish Economic and Fiscal Forecasts on March 26
TradingSterling Ticks Up, PMIs Show UK Price Pressures
France-UK Electrical Interconnector Suspension Extended, Operator Says
Date: December 16, 2024
(Reuters) – The electrical interconnector between France and Britain will stay suspended until February 2025 due to a damaged cable, channel operator Getlink said on Monday. The service was first suspended on Sept. 25. The expected return of service is now expected on Feb. 10. Getlink, which runs the undersea tunnel connecting France to the...
UK Factories Take Fright as Budget Adds to Cost Pressures, Survey Shows
Date: December 16, 2024
LONDON (Reuters) – British manufacturers have reported the sharpest loss of confidence since the start of the COVID-19 pandemic in the face of higher costs including tax increases by the new government, a group representing the sector said on Monday. Make UK said its gauge of manufacturers’ confidence about the economic outlook over the next...
UK Property Asking Prices Fall, Headwinds Remain for 2025, Rightmove Says
Date: December 16, 2024
By Suban Abdulla LONDON (Reuters) – Average asking prices for newly listed houses and apartments in Britain fell by 1.7% in December, but activity was robust for the time of year as movers aimed to complete sales before property purchase taxes rise in April, property website Rightmove said on Monday. Rightmove’s data is not seasonally...
Aviva Set to Buy Direct Line to Create $21 Billion British Insurer
Date: December 13, 2024
By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached...
Bank of England’s Dhingra Calls for More Interest Rate Cuts
Date: December 6, 2024
By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible...
Aviva Set to Buy Direct Line to Create $21 Billion British Insurer
Date: December 6, 2024
By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached...