Internet businessmen and tax
Revenue and Customs (HMRC) will send 4,300 notices to internet earners in the kingdom whom it suspects of not paying taxes. This was reported by the Financial Times.
The authority said such letters will be sent to peopl...
FTSE 100 hits record high again
The London Stock Exchange's FTSE 100 Index, which is based on the stocks of the 100 largest-cap companies, reached a record high of 7,926 points on Wednesday.
That figure beat the previous record, which was set on Fe...
A record on the stock exchange
The London Stock Exchange's FTSE 100 Index, which is based on the shares of a hundred large-cap companies, gained 84 points, or 1.1 per cent, to a record high of 7,906 points in trading on Friday.
The previous record ...
Rate hike
The Bank of England raised its rate for the tenth time in a row, by 50 basis points, to 4% per annum, according to a statement on the regulator's website.
Edward Park, investment director at investment management firm Brooks Mac...
The UK economy
Britain's exit from the European Union (Brexit) is costing the economy £100 billion annually due to lost investment, loss of staff and income from trade. This was ...
Oil production indicators
The oil production of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) may reach from 45% to 65% of total world production by 2050, having almost doubled compared...
The problems with the economy is going to continue
Prime Minister Rishi Sunak believes that in 2023 the time of hardship in the UK will continue because of the effects of the conflict in Ukraine.
"I'm not going to pretend that all our problems will...
Strikes are bad for the hospitality sector
The profit lost by UK pubs, hotels and restaurants to strikes in December was £1.5bn, British Hospitality Association (BHA) head of hospitality Kate Nicholls said on Friday.
"We have recorded cancell...
GPD in Q3
The UK economy contracted by 0.3% in the third quarter instead of the expected 0.2%. This is evidenced by a report released Thursday by the Office for National Statistics (ONS) of the ...
UK GDP
The United Kingdom's exit from the European Union (Brexit) has cost the UK £33bn in lost investment and trade revenue by June 2022. That is the conclusion contained in a study published on Wednesday by the Centr...
Labour force in the UK
Early retirement and an ageing population are among the main drivers of labour shortages in the United Kingdom. This was the conclusion reached by the authors of a report published on Tuesday by the House of Lords Economic Aff...
UK interest rates
The Bank of England has raised its rate for the ninth consecutive time, by 50 basis points, to 3.5 per cent per annum, according to a statement on the regulator's website.
"The Bank of England's Monetary Policy Committee (MPC) vot...
Chips from ARM
The British company ARM has decided to stop supplying the latest technology to China. This was reported by the Financial Times.
According to the newspaper, such a step of the manufacturer is connected with the fact that "the USA and ...
Financial sector reforms
The UK will carry out the first reforms to its financial sector after leaving the European Union (Brexit) to make it internationally competitive.
This was said by ...
Europe's financial capital
London will no longer be the financial capital of Europe after the UK leaves the European Union in February 2020. This was announced on Wednesday by Stephane Boujnah, CEO and chairman of Euronext stock exchange, in an inte...
Global stock markets
Two of the UK's most popular funds were hammered, notably the technology-focused Scottish Mortgage Investment Trust.
Seraphim Space Investment Trust was launched with great pomp last summer as a UK fund focused on space technol...
How the crisis is affecting teachers
One in ten teachers in British schools has to take a second or even a third job to feed his family amid the economic crisis in the country. This was reported on Sunday by the weekly newspaper The Observer, citing...
Price hikes
British regulator Ofgem announced on Thursday it would raise the electricity price cap from January, bringing the average price per kWh to 67p, up from 34p on October 1.
The en...
Trade between the two countries
Negotiations on the India-UK Free Trade Agreement (FTA) are "progressing well" and an agreement that works for both sides is more important than its signing date, UK Trade Policy Minister Greg...
Aid for poor countries
A majority of British residents believe the country is responsible for climate change and should provide financial assistance to developing nations in response to climate change. The results of a poll published on Thursday by ...
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ENGLAND NEWS
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