uk-economy
Top StoriesUK Home Secretary Warns Uncontrolled Migration Poses ‘existential Challenge’
Top StoriesEngland Had 4,500 Heat-Related Deaths During Record-Breaking 2022 – Official Data
Top StoriesAnalysis-A Year After Budget Crisis, UK Debt Faces Fresh Pensions Headwind
Top StoriesWarner Bros to Expand British Studios’ Production Capacity by Over 50%
UK’s Hunt Says Unclear When Taxes Can Be Cut Amid Interest Cost Pressure
Date: September 22, 2023
UK’s Hunt says unclear when taxes can be cut amid interest cost pressure By David Lawder (Reuters) -British finance minister Jeremy Hunt said on Thursday that higher long term interest rates were pressuring the budget and it was “absolutely impossible” to predict whether there would be room for tax cuts by the time of the...
UK PM Sunak to Announce More ‘proportionate’ Climate Response
Date: September 20, 2023
UK PM Sunak to announce more ‘proportionate’ climate response By Elizabeth Piper and William James LONDON (Reuters) -British Prime Minister Rishi Sunak will give a speech this week in which he is expected to delay some of the government’s policies to reach net zero emissions by 2050, saying the response to the climate change should...
UK’s Hargreaves Lansdown Bets on Increased Savings to Sustain Growth
Date: September 19, 2023
UK’s Hargreaves Lansdown bets on increased savings to sustain growth By Khushi Mandowara (Reuters) -Hargreaves Lansdown is betting on savers to fuel growth despite subdued investment and trading activity in the current financial year, the British investment platform said on Tuesday, after posting estimate-beating annual profit. Wealth management platforms have been grappling with a slowdown...
Britain Hands $621 Million to Tata Steel, 3,000 Jobs Could Go
Date: September 15, 2023
Britain hands $621 million to Tata Steel, 3,000 jobs could go By Sarah Young LONDON (Reuters) -Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country’s steel industry but which puts as many as 3,000 jobs at...
Britain Sees 14% Annual Rise in Missed Direct Debit Payments
Date: September 14, 2023
Britain sees 14% annual rise in missed direct debit payments By David Milliken LONDON (Reuters) – Britain reported an annual rise of 14% in missed bill payments last month for their second highest rate on record, figures on Thursday showed, pointing to growing financial strain on households. The percentage of failed direct debits – mostly...
Goldman J.P.Morgan Cut UK’s 2023 Growth Forecast
Date: September 13, 2023
Goldman, J.P.Morgan cut UK’s 2023 growth forecast (Reuters) -Goldman Sachs and J.P.Morgan on Wednesday cut their full-year growth forecast for the UK’s gross domestic product (GDP), citing an unexpectedly sharp contraction in the economy in July. The brokerages cut their forecast by 20 basis points each with JPM now expecting 0.4% expansion and Goldman Sachs...