U.K. Unemployment Rose Less Than Feared in December
The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the year, according to the Office for National Statistics. The figures add […]
Covid-19: UK inflation eases to 0.2% on temporary steps to aid spending
By Administrator_India Capital Sands The U.K. inflation rate fell to the lowest since 2015 last month, driven by government tax cuts and other stimulus designed to dig the economy out of the depth of the coronavirus crisis. The reading of 0.2% was slightly higher than the zero forecast by economists, although the drop from July’s reading of 1% was still the […]
U.K. May Tighten Takeover Laws to Curb Foreign Influence
By Administrator_India Capital Sands The U.K. government is preparing to introduce legislation that would force British companies to report attempted takeovers that could give rise to security risks, The reporter said. Company directors that fail to observe the rules could face fines, disqualification, or jail, the newspaper said, without saying where it obtained the […]
Britain needs trade deal with EU to remove uncertainty: U.S. Chamber
By Administrator_India Capital Sands The top U.S. business lobby on Monday urged Britain to conclude a bilateral trade deal with the European Union as quickly as possible to remove the uncertainty that is limiting investment flows and could pose risks to its trade talks with the United States. The Chamber of Commerce, in a series […]
Britain has Europe’s second highest COVID-19 death toll, new figures show
By Administrator_India Capital Sands Britain now has Europe’s second-highest official COVID-19 death toll with more than 26,000, according to figures published on Wednesday that raised questions about Prime Minister Boris Johnson’s response to the outbreak. Some 26,097 people died across the United Kingdom after testing positive for COVID-19 as of April 28, Public Health England […]
Back from COVID-19, Johnson urged to reveal UK lockdown exit strategy
By Administrator-India Capital Sands Prime Minister Boris Johnson returned to his Downing Street residence on Sunday after recovering from COVID-19, ready to take the helm again with pressure growing for the government to explain how it will ease a month-old coronavirus lockdown. Johnson, 55, spent three nights in intensive care with the illness. A spokeswoman […]
U.K. Retail Sales Post Biggest Drop on Record Amid Lockdown
By Administrator_India Capital Sands U.K. retail sales fell the most since records began as restrictions to control the coronavirus forced all but essential stories to close. Sales including auto fuel declined a record 5.1% in March from February, the biggest drop since at least 1996, the Office for National Statistics said Friday. Sales excluding fuel dropped 3.7%. […]