Page 10 - Uk Economy
Fighting coronavirus: It's a mixed bag for Indian firms in Britain
Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze
 "Fighting coronavirus: It's a mixed bag for Indian firms in Britain")
UK economy contracts 2% amid Covid-19 crisis; lockdown norms relaxed
"The impacts of the coronavirus were seen right across the economy, with nearly all sub-sectors falling in the three months to March," the Office for National Statistics (ONS) said on Wednesday.
 "UK economy contracts 2% amid Covid-19 crisis; lockdown norms relaxed")
UK's GDP shrinks by record 5.8% in March as Covid-19 pandemic bites
In the first three months of the year, GDOP contracted by 2.0% from the last three months of 2019, the Office for National Statistics said.
 "UK's GDP shrinks by record 5.8% in March as Covid-19 pandemic bites")
UK corporate insolvencies fall as virus support plans kick in: KPMG
The spread of the novel coronavirus - and lockdown measures introduced to contain it - has ravaged the British economy, with many non-essential businesses told to close
 "UK corporate insolvencies fall as virus support plans kick in: KPMG")
British economy on track for biggest contraction 'in living memory': Report
Adding to the bleak mood, figures earlier on Tuesday showed monthly car sales had dropped to their lowest since 1946 due to the closure of showrooms,
 "British economy on track for biggest contraction 'in living memory': Report")
UK to publish work plans once curbs are lifted as firms press for support
Firms will get advice on different types of workplace activity, including operating outdoors or inside someone else's home, according to two people with knowledge of the government's plans.
 "UK to publish work plans once curbs are lifted as firms press for support")
UK banks borrow 3.7 bn pound from BoE as Covid-19 effects impact economy
Former BoE Governor Mark Carney said last week they were likely to be part of the solution to an economic crisis, rather than the cause.More liquidity is also on the way, should banks need it.
 "UK banks borrow 3.7 bn pound from BoE as Covid-19 effects impact economy")
Recovering factories keep UK economy on track in February: PMIs
The virus's outbreak weighed on manufacturers' input stocks, which fell at the fastest pace in more than seven years
 "Recovering factories keep UK economy on track in February: PMIs")
UK economy stalls in fourth quarter of 2019 as manufacturing shrinks
Britain finally departed the European Union on January 31 after Prime Minister Boris Johnson in December led the Conservative party to victory in national polls
 "UK economy stalls in fourth quarter of 2019 as manufacturing shrinks")
Brexit, slowdown drag UK economic growth to seven-year low before polls
The approach of a Brexit deadline and the global economic slowdown hit Britain's factories and construction industry during the month, official data showed
 "Brexit, slowdown drag UK economic growth to seven-year low before polls")
Brexit impact: UK avoids recession scare with 0.3% growth in Sep quarter
The technical definition of a recession is two straight quarters of negative growth.
 "Brexit impact: UK avoids recession scare with 0.3% growth in Sep quarter")
Learning from the past: Clues to Brexit's future may be on a faraway island
Britain would experience an unprecedented hit to the supply side of the economy, according to Mark Carney, with overnight trade barriers hammering exports
 "Learning from the past: Clues to Brexit's future may be on a faraway island")
UK stands to lose $16 bn on EU exports in case of no-deal Brexit: UN
The economists said "this is a conservative estimate," since it only takes into account the raising of tariffs from the current zero percent that Britain pays on exports within the EU
 "UK stands to lose $16 bn on EU exports in case of no-deal Brexit: UN")
Want post-Brexit US trade deal quickly, but terms have to be right: Britain
Britain has so far failed to agree a deal with the EU to mitigate the disruption caused by its departure from the EU, increasing the chances of an unmanaged exit that would shock the global economy
 "Want post-Brexit US trade deal quickly, but terms have to be right: Britain")
Months before Brexit, UK economy contracts for first time since 2012
Many car factories ramped up manufacturing at the start of the year and brought forward production breaks to prepare for Britain's original Brexit date of March 29
 "Months before Brexit, UK economy contracts for first time since 2012")
At $2.73 trn, India's economy pushed to 7th spot; UK, France march ahead
UK's economy grew to $2.82 trillion and the French economy expanded to $2.78 trillion in 2018, against India's $2.73 trillion, World bank data showed
 "At $2.73 trn, India's economy pushed to 7th spot; UK, France march ahead")
UK economy to slip to 7th on Brexit; France, India to overtake, says PwC
Britain's economy slowed and the value of the pound slumped after the 2016 Brexit referendum decision to leave the EU
 "UK economy to slip to 7th on Brexit; France, India to overtake, says PwC")
UK eco lags behind G7 after 2017 growth rate cut; Q4 GDP revised to 0.4%
Sterling was little changed after Thursday's data and government bond prices rose slightly
UK consumer lending growth slows to weakest since mid-2015: Bank of England
The central bank raised interest rates for the first time in more than a decade in November
 "UK consumer lending growth slows to weakest since mid-2015: Bank of England")
UK economy picks up speed in 3 months, puts BoE rate hike firmly on track
Output rose 0.4 percent compared with 0.3 percent growth in the quarter to June
