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UK in triple dip recession fears

Last Updated: Saturday, January 12, 2013, 20:26

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

‘Over 50% young Black men unemployed in UK’

Last Updated: Saturday, March 10, 2012, 14:12

The astonishing stats revealed unemployment figures were as high as 55.9% for young black men as compared to 23.9% of white men in 2011.

One third British business bosses fear recession in 2012

Last Updated: Wednesday, February 22, 2012, 12:16

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

HSBC says may leave UK, hit by US bad debts

Last Updated: Thursday, November 10, 2011, 00:37

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.

UK seen near recession despite likely Q3 growth

Last Updated: Tuesday, November 01, 2011, 08:34

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.

UK cuts more jobs for non-EU workers

Last Updated: Tuesday, October 18, 2011, 17:55

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.

UK recession fears grow as output weakens

Last Updated: Tuesday, October 11, 2011, 22:14

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.

UK defence giant BAE cuts 3,000 jobs

Last Updated: Tuesday, September 27, 2011, 23:29

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.