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Experts Warn: The World is Facing a Financial Crisis 'Far Worse' Than the GFC
20 March 2023
Crisis in banking sector In the aftermath of the collapse of Silicon Valley Bank and a rescue deal for Credit Suisse, an analyst has argued that the world is heading towards a crisis that is "far worse" than t...
Tech start-ups at risk as Silicon Valley Bank collapse prompts UK government action
12 March 2023
The UK economy The UK government is taking steps to minimize the economic impact of the recent bankruptcy of Silicon Valley Bank (SVB), one of the largest US banks. Jeremy Hunt said that the government is working at a fast pace to respond to the fa...
Rishi Sunak says UK's problems will not end in 2023
31 December 2022
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...
UK economy at risk by half a million exodus from workforce
20 December 2022
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...
Britain to lay out financial sector reforms in 2023
9 December 2022
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 ...
Electricity prices are expected to increase from 2023
24 November 2022
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...
UK GDP shrinks 0.2% in Q3 2022
11 November 2022
Economy of UK UK GDP, according to preliminary estimates, declined by 0.2% between July and September 2022. This is stated in a report from the Office for National Statistics (ONS) of the United Kingdom. The drop in GDP in the country was not as no...
Nurses on strike in the UK because of a pay dispute
9 November 2022
Nurses on strike The first national strike by nurses will take place in the United Kingdom in late 2022. The BBC reported on Wednesday that health workers' unions in England, Northern Ireland, Wales and Scotland, including the Royal Colleg...
Charles III accepts Liz Truss resignation as British Prime Minister
25 October 2022
The post of PM in the UK Liz Truss formally stepped down as UK prime minister during an audience with King Charles III at Buckingham Palace. This was revealed in a Buckingham Palace release...
10% of Britons are positive about Truss' work as prime minister
19 October 2022
Liz Truss's rating British Prime Minister Liz Truss continues to lose support among voters. A YouGov poll published on Tuesday shows that only 10% of the UK population is now positive about her performance, down 5pc from a week ago. Meanwhile, 80% ...
Liz Truss misses the parliamentary question on Kwarteng dismissal
17 October 2022
Liz Truss won't give an explanation British Prime Minister Liz Truss has refused a demand from the opposition to make a statement on her decision to sack finance minister Kwasi Kwarteng and make a near 180-degree U-turn on her plans to cut...
Andrew Bailey suggests that next month's key rate hike will be higher than expected
15 October 2022
Key rate The Bank of England intends to resort to a more radical than planned key rate hike in response to the current difficult situation in the UK economy. The regulator's governor Andrew John Bailey said this, according to Sky News television on ...


News GlobalEng.biz -this is the latest and most up-to-date information about the resonant events that have occurred in the region. The task of the resource's news feed is to convey to readers information about important events in business, politics, economics, healthcare, culture and other spheres of life in England with maximum accuracy and objectivity.
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