Page 5 - Uk Economy

New UK FM Zahawi pledges to boost economy, says 'nothing off the table'

But the former education minister faced questions about whether he would even have a chance to steer the economy out of its slowdown, given Johnson's weakening grip on power

India misses fifth-largest economy in the world tag by $13 billion

Experts say it is just a matter of a year before India overtakes the UK

UK economy contracts sharply by 0.3% in April as slowdown looms

Gross domestic product fell 0.3% from March when output declined 0.1%, the Office for National Statistics said Monday

UK announces 25% levy on energy firms to ease cost-of-living crisis

The UK announced that it will impose a 25 per cent levy on the profits of oil and gas companies, to ease the financial burden on millions of households amid raging inflation

More turn to UK food banks as bills soar even as Covid threat fades

While the virus threat has faded, the need for food banks in Britain has soared. Skyrocketing energy and food bills are pushing millions deeper into financial hardship

UK consumer confidence plunges to record low amid cost-of-living crisis

The UK Consumer Price Index rose by 9.0 per cent in the 12 months to April 2022, up from 7.0 per cent in March

UK inflation rate up 9% in 12 months; hits 40-yr high as energy bill soars

The ONS said the rise resulted in 12-month inflation rates of 53.5 per cent for electricity and 95.5 per cent for gas, compared with rates of 19.2 per cent and 28.3 per cent, respectively, in March

UK inflation hits 9%, highest since 1982 as food and energy prices soar

Sterling fell after the data and was down by 0.4% against the US dollar.

Rishi Sunak's wife to pay UK taxes as pressure mounts on chancellor

The chancellor and his family are trying to repair the damage to his reputation after a series of stories about his wealthy lifestyle fed into the growing perception that he's out of touch with the st

UK inflation hits 30-year high of 6.2% as finance minister readies response

Statistics Office highlighted household energy bills and petrol as the biggest drivers of inflation in February.

Rishi Sunak sets out UK's Spring Budget amid high inflation

It is dubbed a 5 billion pounds tax cut worth 175 pounds on average for 30 million people and the first cut to the basic rate in 16 years

Bank of England raises rates to 0.75%, less sure about future moves

The BoE said inflation was set to reach around 8% in April -almost a percentage point higher than it forecast last month - and warned it could peak even higher later in the year

Men's suits are no longer suitable for measuring Britain's inflation

Covid's influence can be seen in many other changes to this year's basket, too

Hinduja group's UK firm bags health agency contract worth GBP 211 mn

HGS UK will provide customer support to UK citizens for two years, with an option to extend the contract

UK inflation hits highest level in almost three decades at 5.5%

Inflation in the United Kingdom has risen at the fastest rate in almost 30 years

UK economy finally bigger than before Covid-19 pandemic in November

Britain's economy grew by a much stronger-than-expected 0.9% in November

UK PM Johnson's office partied as Queen Elizabeth mourned death of husband

Johnson is facing the gravest crisis of his premiership after revelations about a series of gatherings in Downing Street during lockdowns.

Major UK firm plan investment surge, easing production challenge: Deloitte

Some 37% of chief financial officers viewed higher capital spending as a priority for 2022.

Employee group cuts UK economic growth forecast, cites supply chain pain

Britain's economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems

UK reports lowest car output since 1956 amid semiconductor chip shortage

A total of 64,729 cars rolled off British production lines, data from the Society of Motor Manufacturers and Traders (SMMT) showed.