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...
Protest in London
Several tens of thousands of people are taking part in a protest march in central London on Saturday amid Britain's mounting economic crisis. The protesters, broadcast by Sky News television, are demanding that Boris Johnson's gove...
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 ...
Investing in projects
Aviva, one of the UK's largest insurance groups, plans to use shareholders' money to finance infrastructure projects at an early stage. Such a decision would be a radical change in the company's internal investment efforts and ...
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...
Economic crisis
Hundreds of sports and swimming complexes and gyms across the UK could close in the near future as the energy crisis escalates amid anti-Russian sanctions. This was reported by the Financial Times on Friday.
It is noted that in the ...
Food price rises
The UK is not ready for a significant increase in food prices and disruptions in the supply of a number of goods that may arise due to the conflict in Ukraine. Ian Wright, head of the UK cabinet's advisory council, said this in an i...
Families in the UK have a fuel problem
The proportion of British households facing the fuel poverty phenomenon could double from 20% to 40% by October. Michael Monroe Lewis, chief executive of the UK branch of Germ...
Supply problem
Supermarkets across the United Kingdom have imposed restrictions on the purchase of sunflower oil. As noted, the restriction has been imposed because supply chain problems have emerged.
BBC mentioned that British multinational Tesco ...
Companies rating
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