Plan to limit revenues
The U.K. government plans to impose income limits on renewable energy companies to reduce the impact of higher energy prices on the country's residents, Bloomberg News Agency reported, citing sources.
According to the agency,...
Green Energy in UK by 2040
The UK government expects to commission the country's first commercial reactor based on fusion technology in 2040. The BBC reported on Tuesday.
"The fusion power plant will be the first of its kind and will be completed b...
UK tax rate
The government of new British Prime Minister Liz Truss has abandoned plans to cut the kingdom's maximum income tax rate from 45% to 40%. The announcement was made on Monday by the country's finance minister,...
Pharmacies could close
High inflation and lack of funding from the National Health Service (NHS) could lead to the closure of thousands of pharmacies in the UK over the next two years. This was reported by The Times on Tuesday.
"The cumulative effe...
Experts say
The Bank of England could hold an emergency meeting of its Monetary Policy Committee and resort to a more aggressive increase in the benchmark interest rate if sterling continues to fall at the same rapid pace as it has this week. The Ob...
Taxes in UK
The government of Liz Truss, who took over as prime minister of Great Britain on 6 September, is cutting taxes in the kingdom in order to stimulate economic growth. It was announced Friday morning in the House of Commons of the British P...
Cars from the UK
Vehicle production in the United Kingdom rose for the third month in a row, rising 8.6% year-on-year to 58,043 units in July. This was shown by figures released on Thursday by Britain's The Society...
Insurance programmes
The British insurance marketplace Lloyd's of London announced on Friday it has set up an insurance programme for food cargo to be exported from Ukraine via safe sea corridors.
Insurance company Ascot and brokerage firm Marsh, b...
Inflation in the UK
The rapid rise in the cost of living in the UK is forcing UK pensioners back to work. The Guardian, a British newspaper, said this on Monday.
According to estimates of the National Statistics S...
After two months of decline
The United Kingdom's GDP showed growth of 0.5 per cent in May after falling for two months in a row, according to a report released Wednesday by the United Kingdom's National Statistics Service. This is stated in a report...
Britain's GDP in the future
UK public debt could reach 320% of GDP in 50 years, up from the current 96%. This is according to a report circulated by the Office for Budget Responsibility (OBR) on Thursday.
The United Kingdom's debt burden will incre...
Gas from Norway
Gas supplies from Norway to the UK could be halted over the weekend if a strike by employees of Norwegian company Equinor (formerly Statoil), which began on Tuesday night, contin...
Cars in the United Kingdom
Vehicle production in the United Kingdom rose by 13.3% to 62,284 units in May compared with the same month last year. It was the first increase in car output in 10 months, data&...
Petrol prices
Defence Secretary Ben Wallace gave hope to motorists uncomfortable with rising fuel prices on Wednesday when he said fuel costs may have peaked.
Petrol and diesel prices have jumped to record levels and the cost of filling up the aver...
British shoppers are angry
Shop staff in the UK are increasingly facing hostility from shoppers due to a significant rise in the cost of living. This was reported on Tuesday by The Guardian newspaper, citing a report by the Institute ...
Inflation is forcing people to save money
Growth in UK property prices for sale has fallen markedly this year. According to the Rightmove website, this is due to pressure on buyers due to rising living costs and the prospect of rising interest rates...
Fuel price rises and GDP falls
UK GDP fell by 0.3 per cent in April 2022 on the back of rising energy prices. This is according to data released by the Office for National Statistics on Monday.
The figure was worse than most eco...
UK economy
The British government's response to the country's difficult economic situation will be to cut taxes, reduce the number of officials and expand housing stock. British Prime Minister Boris Johnson said this on Thursday during a speech in B...
Historic high
The average cost of petrol in the UK has surpassed the £1,785 per litre mark, the highest in the country's statistical history. This was reported on Tuesday by the TV channel Sky News, citing industry research.
Thus, a litre of ...
Plan for winter
The rolling blackouts could affect up to 6 million British households from December if the crisis in the European energy market continues to deepen.
As The Times points out, such a situation could arise if the conflic...
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