Page 10 - Uk Economy

UK PM Johnson unveils new tax to fund health, social care costs amidst

British Prime Minister Boris Johnson on Tuesday unveiled a new tax that will fund the country's mounting health and social care costs in the wake of the COVID-19 pandemic.

Low base pushes up India's economic growth way ahead of others in Q1 FY22

Q1 GDP data: India's economic growth closer to UK's

Bank of England signals 'modest tightening' over the next two years

Policy makers led by Governor Andrew Bailey said they now expect annual price growth to peak higher than expected around 4%

United Kingdom pushes on with talks to join Pacific trade partnership

The British government said negotiating teams will be working over the coming months to join the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership

UK inflation up more than expected amid Covid pandemic fluctuations

British consumer prices rose by more than expected last month

World Coronavirus Dispatch: Colour coding to tide over awkward socialising

UK economic growth accelerated in April, Moderna seeks US nod for its vaccine use in adolescents, and other pandemic-related news across the globe

UK economy sees uptick as payroll improving after lockdown measures eased

Further evidence emerged Tuesday to show that the British economy is recovering strongly, with the number of people on payroll increasing as coronavirus lockdown measures are eased.

Covid-19: UK economy showed resilience ahead of big lockdown easing

British economy contracted by a quarterly rate of 1.5% in first three months of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat coronavirus

UK sharply cuts global aid due to coronavirus pandemic's economic impact

The United Kingdom is temporarily reducing its international aid from 14.5 billion pounds last year to 10 billion pounds this year

United Kingdom sees budget deficit rise to highest rate since 1946

Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II

Britain's economy grew more than thought at end of miserable 2020

UK's Covid-hit economy grew more quickly than previously thought in the final three months of last year but still shrank by the most in more than three centuries in 2020 as a whole

More than a fifth of small UK exporters have suspended EU sales

More than a fifth of small British exporters have temporarily halted sales to the EU and 4% have done so permanently, a survey showed, highlighting problems that have followed the Brexit trade deal

Building back worse

The UK urgently needs a dynamic, entrepreneurial mission-setting state to confront the triple crisis of Covid-19, rising inequality, and climate change

UK economy contracts 2.9% in January, trade with EU hit hard by Brexit

Britain's economy is likely to shrink by 4 per cent in the first quarter of 2021, due mostly to the latest lockdown but also because of disruption caused by new, post-Brexit rules

Britain increases business tax to pay off nation's vast Covid-19 debt

"Even after this change, the United Kingdom will still have the lowest corporation tax rate in the G7," Sunak said

UK's Sunak extends Covid rescue plan but firms to pay more tax from 2023

A tax cut for home-buyers was also extended until the end of June

Rishi Sunak plots tax raid to plug UK deficit, risking Tory rage

Sunak's answers will shape his own fortunes, the Conservative government's political identity, and the UK economy's chances of making a full recovery from its deepest recession for 300 years

UK unemployment rate rises for sixth straight month amid Covid curbs

Renewed coronavirus restrictions shut down most businesses across the country

UK PM sets out cautious approach to easing England's Covid-19 lockdown

"The threat remains substantial", Johnson told parliament, saying it was crucial the roadmap was cautious but irreversible

UK economy shows signs of stabilisation after new Covid-19 lockdown hit

The IHS Markit/CIPS flash composite Purchasing Managers' Index suggested the economy was barely shrinking in the first half of February as companies adjusted to the latest restrictions