Economic news and events


TOP NEWS: UK unemployment rate rises to 4.3%; bonuses drive up wages

The UK unemployment rate rose to 4.3%, in line with expectations, figures from the Office for National Statistics showed on Tuesday.

The UK jobless rate rose...

Tue, 12/09/2023 - 07:20


BoE policymaker warns pausing UK rate hikes could ‘embed’ inflation

A Bank of England policymaker has warned that cutting UK interest rates or keeping them at the current level could risk embedding high inflation into...

Tue, 12/09/2023 - 06:56


UK govt, British Airways face claim over Kuwait hostage crisis

Passengers and crew members of a British Airways flight who were taken hostage in Kuwait in 1990 are intending to take legal action against the...

Tue, 12/09/2023 - 05:58


UK PM Sunak under pressure to act amid row over alleged Chinese spy

New curbs on Chinese influence could be considered, as ministers continue to face questions about allegations of espionage in Westminster.

The arrest of a parliamentary researcher...

Tue, 12/09/2023 - 05:50


UK Chancellor Hunt suggests India trade deal could be struck this year

A UK-India trade deal could be agreed by the end of the year, Chancellor Jeremy Hunt has indicated.

He said there was ‘real political momentum’ behind...

Mon, 11/09/2023 - 13:49


BMW get UK support to make next-generation electric Mini in Oxford

BMW AG will announce plans to build its next-generation electric Mini in Oxford after securing a UK government funding package.

The Munich, Germany-headquartered manufacturer’s multi-million pound...

Mon, 11/09/2023 - 08:04


UK retailers warn chancellor against £400m business rates hike

Bosses of a raft of Britain’s biggest retailers, such as Tesco PLC, Marks & Spencer Group PLC and Kingfisher PLC’s B&Q, have urged Chancellor Jeremy...

Mon, 11/09/2023 - 06:56


China slams UK spying reports as ’political farce’

China has lashed out at media reports alleging a man who was arrested on suspicion of espionage was gathering intelligence for Beijing, labelling the claim...

Mon, 11/09/2023 - 06:45


Sunak hits out at Chinese interference in meeting with premier

Rishi Sunak has confronted China’s premier over his country’s ‘unacceptable’ interference in British democracy after the arrest of a parliamentary researcher on suspicion of spying...

Sun, 10/09/2023 - 10:18


Average home insurance quote jumps by 25.7% annually, say experts

The average quoted price of home insurance in the UK has surged by 25.7% annually, according to an index on Friday.

Data analytics firm Consumer Intelligence,...

Fri, 08/09/2023 - 17:18


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