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Page 11 - Uk Economy

Britain economy suffers biggest slump in 300 years amid Covid-19 lockdowns

Gross domestic product rose 1 per cent from the third quarter, fuelled by a boom in construction and government spending

Britain economy suffers biggest slump in 300 years amid Covid-19 lockdowns
Updated On : 13 Feb 2021 | 1:19 AM IST

UK economy shrinks 9.9% amid pandemic, biggest annual decline on record

The coronavirus pandemic closed shops and restaurants and and devastated the travel industry

UK economy shrinks 9.9% amid pandemic, biggest annual decline on record
Updated On : 12 Feb 2021 | 2:45 PM IST

Worst yet to come for banks in terms of pandemic fallout, says BoE's Woods

Government relief schemes such as furlough payments and guarantees on banks' loans to companies have cushioned banks against fallout from the crisis, but these will be wound down in coming months

Worst yet to come for banks in terms of pandemic fallout, says BoE's Woods
Updated On : 05 Feb 2021 | 8:37 PM IST

Bank of England holds off more stimulus as Covid-19 vaccines roll out

The Bank of England kept its key interest rates on hold Thursday

Bank of England holds off more stimulus as Covid-19 vaccines roll out
Updated On : 04 Feb 2021 | 6:40 PM IST

Covid impact: UK unveils 1,000-pound cash boost scheme to help businesses

The funding is expected to be available until July 31 this year, Xinhua news agency reported

Covid impact: UK unveils 1,000-pound cash boost scheme to help businesses
Updated On : 28 Jan 2021 | 10:08 AM IST

Another recession looms for United Kingdom's economy as lockdowns bite

The British economy looks set to fall back into recession after official figures on Friday showed that it shrank by 2.6% month-on-month in November

Another recession looms for United Kingdom's economy as lockdowns bite
Updated On : 15 Jan 2021 | 6:49 PM IST

London resilient at top of European tech investment table despite Covid-19

LONDON (Reuters) - London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners.

London resilient at top of European tech investment table despite Covid-19
Updated On : 14 Jan 2021 | 9:32 AM IST

UK parliament approves Brexit trade deal with EU as both look to future

British lawmakers approved post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality

UK parliament approves Brexit trade deal with EU as both look to future
Updated On : 31 Dec 2020 | 8:18 AM IST

Post-Brexit trade deal new starting point for UK-EU: Boris Johnson

British Prime Minister Boris Johnson has said the post-Brexit trade deal is a new starting point for Britain and the European Union (EU).

Post-Brexit trade deal new starting point for UK-EU: Boris Johnson
Updated On : 29 Dec 2020 | 8:22 AM IST

UK fishing industry unhappy with trade deal over access to British waters

Britain's fishing industry is disappointed that a Brexit trade deal struck with the European Union does not represent more of a reduction in the access that the bloc currently has to British waters

UK fishing industry unhappy with trade deal over access to British waters
Updated On : 25 Dec 2020 | 9:37 AM IST

Relief 'tainted by some sadness': world reacts to Brexit trade deal

Britain clinched a Brexit trade deal with the European Union, seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire

Relief 'tainted by some sadness': world reacts to Brexit trade deal
Updated On : 25 Dec 2020 | 9:10 AM IST

Brexit trade agreement sparks relief but UK market will bear scars

UK's trade deal with EU removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements, but it will take UK financial markets years to lose their Brexit-inflicted scars

Brexit trade agreement sparks relief but UK market will bear scars
Updated On : 25 Dec 2020 | 8:42 AM IST

How does Britain's parliament approve EU and UK's Brexit trade deal?

Britain's parliament only has days to scrutinise and pass the laws needed to implement the deal before a December 31 deadline

How does Britain's parliament approve EU and UK's Brexit trade deal?
Updated On : 25 Dec 2020 | 8:40 AM IST

Here's UK and EU's Brexit trade deal explained with five basic questions

Brexit - or "British exit" - refers to the process of the United Kingdom leaving the EU after 47 years in the economic and political alliance of European countries built from the ashes of World War 2

Here's UK and EU's Brexit trade deal explained with five basic questions
Updated On : 25 Dec 2020 | 8:37 AM IST

What will change for British economy after UK-EU trade deal reached?

The last-minute trade deal between the UK and the EU means businesses will be spared new tariffs and border disruption at the start of the new year

What will change for British economy after UK-EU trade deal reached?
Updated On : 25 Dec 2020 | 6:48 AM IST

UK economy grew by record 16% in third quarter after first lockdown slump

Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, official data showed

UK economy grew by record 16% in third quarter after first lockdown slump
Updated On : 22 Dec 2020 | 1:21 PM IST

Bank of England prepares armoury for Brexit disorder, Covid-19 crisis

Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any market disruptions

Bank of England prepares armoury for Brexit disorder, Covid-19 crisis
Updated On : 12 Dec 2020 | 2:12 AM IST

Covid-19 crisis: Economic emergency has just begun, says Rishi Sunak

Sunak said on Thursday that he was confident and hopeful that a Brexit trade deal could be struck with the European Union - and that the shape of the deal was clear

Covid-19 crisis: Economic emergency has just begun, says Rishi Sunak
Updated On : 27 Nov 2020 | 2:47 AM IST

UK will suffer its deepest recession in more than 300 years: Rishi Sunak

Says health emergency not over yet & economic emergency has only just begun

UK will suffer its deepest recession in more than 300 years: Rishi Sunak
Updated On : 26 Nov 2020 | 2:07 AM IST

No return to austerity in new spending plan, says UK's Rishi Sunak

Says constructive Brexit deal will 'hopefully' come

No return to austerity in new spending plan, says UK's Rishi Sunak
Updated On : 23 Nov 2020 | 1:54 AM IST