UK recession

Brexit vote shakes up London property market

The aftershocks of Britain`s decision to leave the European Union have hit the property sector over the past week, with a foreign bank freezing loans for buyers and some investors pulling out of commercial deals.

Jul 04, 2016, 12:05 PM IST

UK in triple dip recession fears

If output continues to fall in the first quarter of this year, the UK will fall into its third recession in four years.

Jan 12, 2013, 20:26 PM IST

One third British business bosses fear recession in 2012

Around 35 percent of directors of British business firms think there is a high risk of a recession this year, says a survey.

Feb 22, 2012, 12:16 PM IST

HSBC says may leave UK, hit by US bad debts

HSBC gave its starkest warning to date that new regulations might force it to leave Britain and said its US bad debts had jumped as more homeowners stopped payments on their mortgages.

Nov 10, 2011, 00:37 AM IST

UK seen near recession despite likely Q3 growth

Britain's economy has probably picked up over the summer, though any third quarter growth will not change a picture of an economy teetering on the brink of recession as crucial growth drivers such as manufacturing are stalling.

Nov 01, 2011, 08:34 AM IST

UK cuts more jobs for non-EU workers

Britain on Tuesday cut more categories in the 'shortage occupation list' under which professionals from India and other non-EU countries could come here for work, leading to an expected drop of 40,000 non-EU workers entering the country every year.

Oct 18, 2011, 17:55 PM IST

UK recession fears grow as output weakens

The economy risks slipping back into recession after barely growing in the third quarter, a business group said on Tuesday, as data showed that manufacturers are running out of steam.

Oct 11, 2011, 22:14 PM IST

UK defence giant BAE cuts 3,000 jobs

Hit by reduced defence spending and lack of contracts, defence giant BAE Systems Tuesday said it is cutting almost 3,000 jobs at sites across the country, mainly in its military aircraft division.

Sep 27, 2011, 23:29 PM IST

UK GDP falls faster than expected

Britain’s economy contracted by 5.6 percent over the past year as the country’s GDP showed a fall for the fifth straight quarter, the government data revealed.

Jul 24, 2009, 16:27 PM IST