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 ...
Defence spending
Adhering to the spending review for 2021, the Ministry of Defence budget will increase in cash terms from £47.9bn this year to £48bn in 2023 and then to £48.6bn in 2024.
Meanwhile, CPI inflation is expected to ris...
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...
Economic crisis
There is no way out of the current crisis in the British economy painlessly and with minimal losses. This statement was made on Thursday by the Governor of the Bank of England, Andrew John Bailey, at a press conference in London.
"I...
The global foreign exchange market
London's position as the most important international centre for foreign exchange and derivatives trading has benn weakened by stiff competition from other major financial players. The Financial Times reported this...
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 ...
Money lost
Up to £6.3 billion of welfare packages allocated by the British authorities to support employment during the COVID-19 pandemic have been lost as a result of 'misallocation' of funds. It was revealed in a report by the National Audit...
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,...
Electricity in the cold season
The British authorities have denied information about possible rolling blackouts in the winter months. This was reported by Reuters on Friday, citing the Minister for Climate Affairs Graham Charles Stuart.
According t...
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,...
UK migration crisis
The migration crisis in the UK is out of control, Home Secretary Suella Braverman told The Sun.
She pointed out that more than 30,000 people have arrived on British Channel shores this year, ten times more than in 2018. One of t...
Home heating in the UK
The UK government has drawn up and unveiled an energy efficiency plan that will earmark £1.5bn for work to insulate 130,000 low-income homes in England. It was reported by the BBC on Thursday.
A...
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...
Refusing to go on holiday
Britons going on holiday are giving up travelling around the country because of the rising price of car fuel and other goods and services. The Sun on Sunday published a poll published by The Sun on Sunday newspaper.
10% of...
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...
Companies rating
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