uk-economy
Top StoriesUK Government Confirms Spread of Bird Flu in Commercial Poultry
InvestingLondon Stocks Edge Up, US Election in Focus
BusinessUK New Car Sales Fall 6% in October, Industry Data Shows
Top StoriesUK Services Sector Lost Steam in Lead up to the Budget, PMI Shows
Primark Expecting a Good Christmas, Says Parent’s Boss
Date: November 5, 2024
By James Davey LONDON (Reuters) – Budget clothing retailer Primark is expecting to trade well in the run-up to Christmas, the boss of its parent said on Tuesday. “We think that Christmas is going to be good,” George Weston, CEO of Associated British Foods, told Reuters in an interview after the group reported annual results....
English University Fees to Rise for First Time Since 2017 to Try to Fix Funding Crisis
Date: November 5, 2024
By Andrew MacAskill LONDON (Reuters) – The British government announced plans to raise the cost of university tuition fees for domestic students in England on Monday for the first time in eight years, in an attempt to improve the finances of many crisis-hit institutions. Nearly half of British universities are expected to record a loss...
UK Regulator Says $19 Billion Vodafone-Three Tie-Up Likely to Go Ahead
Date: November 5, 2024
By Sarah Young and Kate Holton LONDON (Reuters) – The $19 billion merger between Vodafone and Hutchison’s Three UK is likely to be given the regulatory green light as Britain’s need for investment outweighs short-term competition concerns. Britain’s anti-trust regulator said on Tuesday it believed the combination of the country’s third and fourth biggest mobile...
UK Consumer Spending Slowed Before Last Week’s Budget, Retailers Say
Date: November 5, 2024
LONDON (Reuters) – British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves’ Oct. 30 budget and rising energy bills deterred shoppers, a survey showed on Tuesday. The British Retail Consortium said spending in shops increased by 0.6% in annual terms in October, below September’s 2.0% growth...
Britain Faces Huge Challenge to Meet 2030 Clean Power Goal, Grid Operator Says
Date: November 5, 2024
By Susanna Twidale LONDON (Reuters) – Britain faces a huge challenge to meet its goal of decarbonising the electricity system by 2030 with rapid reform required, the country’s National Energy System Operator (NESO) said in a report for the government on Tuesday. The decarbonisation target, which will mean moving away from fossil fuels and a...
English University Fees to Rise for First Time Since 2017 to Try to Fix Funding Crisis
Date: November 4, 2024
By Andrew MacAskill LONDON (Reuters) – The British government announced plans to raise the cost of university tuition fees for domestic students in England on Monday for the first time in eight years, in an attempt to improve the finances of many crisis-hit institutions. Nearly half of British universities are expected to record a loss...