Follow Us:
Thursday, May 26, 2022

Britain economy


Britain’s economic recovery has slowed as supply disruptions persist

November 11, 2021 11:00 pm

Gross domestic product grew 1.3% in the third quarter, down from 5.5% in the previous three months, the Office for National Statistics said.

Britain turns into test case for Covid endgame

June 21, 2021 12:22 pm

Despite inoculating a large portion of their population, Britain is struggling with high levels of infections, highest since February . The economy is also taking a hit and there is a concern that an economic recovery may be slipping further into the future.

Rishi Sunak sees 'signs of resilience' as UK economy suffers biggest drop since 1709

February 12, 2021 10:25 pm

According to Bank of England historical data, it marked the worst performance for the economy since the 'Great Frost' hibernation of 1709 when a horrifically cold European winter, followed by widespread floods, crippled activity.

UK records deepest recession among top economies

August 12, 2020 3:22 pm

The 20.4% quarter-on-quarter drop in the April to June period is worse than anything since records began in 1955, the Office for National Statistics said.

UK firms slash jobs to cope with outbreak's long term impact

July 02, 2020 4:54 pm

The owner of sandwich and coffee shop chain Upper Crust was the latest business that caters to travelers to announce cuts Wednesday.

UK economy inching past crisis peak as demand for aid slows

June 09, 2020 5:54 pm

The Department for Work and Pensions said the number of individuals making declarations for Universal Credit benefit claims fell to 96,510 in the week starting May 25, the first time below 100,000 since March. In normal times there are around 55,000 applications a week.

UK may be entering full-blown recession: Budget Watchdog

July 18, 2019 5:39 pm

The Office for Budget Responsibility said the world's fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably "pay-back" after Brexit-related stock building in early 2019.

BoE holds fire ahead of new guidance

February 07, 2014 1:02 am

Britain’s economy last year staged a surprise turnaround and markets are pricing in at least some chance of a rate hike late this year.

UK economy may grow 1.1%: NIESR

November 02, 2012 10:18 am

UK economy will return to growth in 2013,albeit moderately,after flatlining this year.

UK fights euro zone threat with 100 bn pound credit boost

June 15, 2012 6:57 pm

Britain is to tackle the Euro Zone crisis with $155.43 bn credit boost from the Govt. and Central Bank.