Page 7 - Uk Economy
UK economy contracts 2.9% in January, trade with EU hit hard by Brexit
Britain's economy is likely to shrink by 4 per cent in the first quarter of 2021, due mostly to the latest lockdown but also because of disruption caused by new, post-Brexit rules
 "UK economy contracts 2.9% in January, trade with EU hit hard by Brexit")
Britain increases business tax to pay off nation's vast Covid-19 debt
"Even after this change, the United Kingdom will still have the lowest corporation tax rate in the G7," Sunak said
 "Britain increases business tax to pay off nation's vast Covid-19 debt")
UK's Sunak extends Covid rescue plan but firms to pay more tax from 2023
A tax cut for home-buyers was also extended until the end of June
Rishi Sunak plots tax raid to plug UK deficit, risking Tory rage
Sunak's answers will shape his own fortunes, the Conservative government's political identity, and the UK economy's chances of making a full recovery from its deepest recession for 300 years
 "Rishi Sunak plots tax raid to plug UK deficit, risking Tory rage")
UK unemployment rate rises for sixth straight month amid Covid curbs
Renewed coronavirus restrictions shut down most businesses across the country
 "UK unemployment rate rises for sixth straight month amid Covid curbs")
UK PM sets out cautious approach to easing England's Covid-19 lockdown
"The threat remains substantial", Johnson told parliament, saying it was crucial the roadmap was cautious but irreversible
 "UK PM sets out cautious approach to easing England's Covid-19 lockdown")
UK economy shows signs of stabilisation after new Covid-19 lockdown hit
The IHS Markit/CIPS flash composite Purchasing Managers' Index suggested the economy was barely shrinking in the first half of February as companies adjusted to the latest restrictions
 "UK economy shows signs of stabilisation after new Covid-19 lockdown hit")
Britain economy suffers biggest slump in 300 years amid Covid-19 lockdowns
Gross domestic product rose 1 per cent from the third quarter, fuelled by a boom in construction and government spending
 "Britain economy suffers biggest slump in 300 years amid Covid-19 lockdowns")
UK economy shrinks 9.9% amid pandemic, biggest annual decline on record
The coronavirus pandemic closed shops and restaurants and and devastated the travel industry
Worst yet to come for banks in terms of pandemic fallout, says BoE's Woods
Government relief schemes such as furlough payments and guarantees on banks' loans to companies have cushioned banks against fallout from the crisis, but these will be wound down in coming months
 "Worst yet to come for banks in terms of pandemic fallout, says BoE's Woods")
Bank of England holds off more stimulus as Covid-19 vaccines roll out
The Bank of England kept its key interest rates on hold Thursday
 "Bank of England holds off more stimulus as Covid-19 vaccines roll out")
Covid impact: UK unveils 1,000-pound cash boost scheme to help businesses
The funding is expected to be available until July 31 this year, Xinhua news agency reported
Another recession looms for United Kingdom's economy as lockdowns bite
The British economy looks set to fall back into recession after official figures on Friday showed that it shrank by 2.6% month-on-month in November
London resilient at top of European tech investment table despite Covid-19
LONDON (Reuters) - London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners.
 "London resilient at top of European tech investment table despite Covid-19")
UK parliament approves Brexit trade deal with EU as both look to future
British lawmakers approved post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality
 "UK parliament approves Brexit trade deal with EU as both look to future")
Post-Brexit trade deal new starting point for UK-EU: Boris Johnson
British Prime Minister Boris Johnson has said the post-Brexit trade deal is a new starting point for Britain and the European Union (EU).
 "Post-Brexit trade deal new starting point for UK-EU: Boris Johnson")
UK fishing industry unhappy with trade deal over access to British waters
Britain's fishing industry is disappointed that a Brexit trade deal struck with the European Union does not represent more of a reduction in the access that the bloc currently has to British waters
 "UK fishing industry unhappy with trade deal over access to British waters")
Relief 'tainted by some sadness': world reacts to Brexit trade deal
Britain clinched a Brexit trade deal with the European Union, seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire
 "Relief 'tainted by some sadness': world reacts to Brexit trade deal")
Brexit trade agreement sparks relief but UK market will bear scars
UK's trade deal with EU removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements, but it will take UK financial markets years to lose their Brexit-inflicted scars
 "Brexit trade agreement sparks relief but UK market will bear scars")
How does Britain's parliament approve EU and UK's Brexit trade deal?
Britain's parliament only has days to scrutinise and pass the laws needed to implement the deal before a December 31 deadline
 "How does Britain's parliament approve EU and UK's Brexit trade deal?")
