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UK economy News

05 Sep 2022

Liz Truss will face economic challenges, says ex-Indian envoy on new UK PM

Former High Commissioner of India to the UK said the new British Prime Minister will face a hard time with the economy of the country Liz Truss on Monday said she will take bold actions to get all of the UK through the tough times

03 Jan 2018

Prince Harry-Meghan Markle wedding could boost UK economy by a whopping £500 million

Prince Harry will tie the knot with actress Meghan Markle on May 19, 2017, at Windsor Castle.

India's economy

24 Aug 2017

India's economic success vital for global economy: UK envoy

India`s economic success and development are vital to the global economy and to Britain`s interests across South Asia, the British envoy to India said here on Thursday.

Bank of England

02 Feb 2017

Bank of England hikes UK growth forecast; holds rate

The Bank of England on Thursday ramped up its UK economic growth forecasts for the next three years, despite Brexit storm clouds on the horizon.

British Prime Minister

21 Nov 2016

British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas

Prime Minister Theresa May will unveil her new industrial strategy on Monday, pledging to spend billions of pounds on science, technology and research to spur a new "ambitious" way of doing business in Britain.

Bank of England

03 Nov 2016

Bank of England raises UK growth forecast, holds rate

The Bank of England on Thursday hiked its economic growth forecast for next year, as it froze its key interest rate at a record-low 0.25 percent and left stimulus unchanged.

06 Sep 2016

UK economy withstands Brexit "doom", bigger tests lie ahead

More than two months after the Brexit referendum, Britain`s economy has defied the direst predictions of what could happen if voters decided to leave the European Union.

17 Aug 2016

British unemployment claims fall after Brexit vote

Britain witnessed a surprise drop in claims for unemployment benefits in July, the immediate aftermath of the country`s vote in favour of exiting the European Union, official data showed Wednesday.

Brexit impact on US

25 Jul 2016

Brexit a danger to US financial stability: Treasury

Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

Britain economy

30 Jun 2015

UK economic growth revised higher: Data

Britain`s economy grew more than expected in the first quarter but output was still lower compared with the end of last year, official data showed on Tuesday.

28 Apr 2015

British economy slows sharply to 0.3% growth in Q1

Britain`s economy grew far slower than expected in the first quarter of 2015, official data showed Tuesday, delivering a blow to the government just nine days before a general election.

16 Apr 2015

Successful Indian companies fuelling UK economy: Study

The total number of people in the UK employed by Indian companies has increased by 10 percent; from 1,00,000 last year to nearly 1,10,000.

24 Feb 2015

UK economy gets thumbs-up from OECD before elections

The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.

25 Oct 2014

Rapid UK recovery starts to slow from previous red-hot pace

Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May`s election.

Bank of England

22 Oct 2014

Bank of England split on need to raise rates

Bank of England policymakers were split for a third month in a row over the need to lift its record-low interest rate, minutes of their last meeting showed on Wednesday.

British economy

30 Sep 2014

British economy surprisingly strong

Britain`s recovering economy grew more than expected in the second quarter, revised official data showed on Tuesday.

24 Aug 2014

Tata Group warns UK over harsh business tax regime

The Tata Group, one of Britain's largest employers in the manufacturing sector, has warned the government over its commercial tax rates system, saying it is making Britain less attractive for the industry.

British Retail Sales

21 Aug 2014

British retail sales rise 0.1% in July

British retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.

British economy

15 Aug 2014

British economy grows 0.8% in second quarter: data

Britain`s economy grew by 0.8 percent in the second quarter of 2014 compared with output in the first three months of the year, official data showed on Friday.

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