Winter Recession Warning
Euro zone factories closed 2023 with an 18th consecutive month of contraction, per HCOB's final PMI (44.4, up from 44.2 in November). Persistent decline below 50 indicates ongoing economic chall...
Hologram Magic Lights Up London
Abba's hologram show, Abba Voyage, has proven to be a phenomenal success, injecting a staggering £322 million into the British economy. A recent report reveals the extraordinary fin...
Shipping Giants Hit Pause
Major companies, including BP, are temporarily halting Red Sea shipments due to recent attacks by Houthi rebels. BP underscores its commitment to safety, stating, "Our priority is the safety of our people. Due to the worsen...
HS2 Fate Hangs in the Balance
Chancellor Jeremy Hunt has unveiled his strategy to streamline the civil service, aiming to save £1 billion annually and potentially reduce taxes. Although significant tax cuts are not expected ...
Taxpayer Fury
In a surprising turn of events, the Scottish National Party (SNP) is facing increased scrutiny for its expenditure of nearly £80,000 in taxpayer funds on publishing documents related to independence. This has sparked a heated deb...
Inflation Battles
Sainsbury's CEO, Simon Roberts, states that food inflation is decreasing and shoppers are responding positively to price cuts on basic items. Sainsbury's is fully committed to battling inflation and supporting customers in lig...
The ULEZ Expansion
London's ULEZ expansion, designed to combat air pollution, has triggered a heated debate. Covering more people in the outer boroughs, the plan faces legal challenges and concerns a...
Revamping Predictions
Bank of England's chief economist, Huw Pill, acknowledges forecasting model's failure in addressing Britain's inflation crisis due to inadequate assessment of Ukraine war's impact on prices and wages.
Inadequate Forecasting Mo...
Battle Against Inflation
Chancellor Jeremy Hunt has organized a meeting with industry regulators to tackle the problem of price hikes driven by rampant inflation.
The meeting, happening on Wednesday, will involve representatives from...
Britain's Mortgage Crisis
Britain's mortgage crisis has prompted government action, but concerns remain over the effectiveness of the response.
Meeting with Jeremy Hunt
In a high-stakes meeting, Jeremy Hunt hosted executives and regulators to addr...
Inflation Alert
Gillian Keegan, a Cabinet minister, highlights the significance of addressing inflation before implementing tax cuts. Speaking at the Margaret Thatcher Conference, she emphasizes the need for sound money and fisca...
Brexit's Impact
Germany experiences surge in foreign investment from British companies post-Brexit, reaching record FDI level of £22bn, up from £6bn in the previous year.
Growth of Foreign In...
Brexit's economic shortfall
Nigel Farage, a prominent Brexiteer, acknowledges that Brexit has not met expectations. He criticizes the government's inability to capitalize on the advantages of leaving the EU. The Conservative Party's row over immigra...
UK inflation drops slightly in March
UK inflation dropped to 10.1% in March, according to the Office for National Statistics. While this is a slight improvement from the 10.4% recorded in February, it is still in d...
How price hikes are impacting popular restaurant chains in Britain
Dining out in Britain has become increasingly expensive in recent months as restaurants and pubs struggle with rising costs. Some of the popular chains, including McDonald's, Wethers...
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...
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...
Rough sleeping in United Kingdom
Crisis, a leading homelessness charity in the UK, the government is likely to miss its target of ending rough sleeping in England by 2024.
The charity...
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...
Companies rating
ENGLAND NEWS
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