Saturday, 4 December 2021

Tag Archives: UK economy

Visitors to UK shops remained more than 80% lower in May

Mostly shoppers in UK high streets, retail parks and shopping centres in May were 81.6% lower that the same month a year ago as most non-food stores remained closed due to the coronavirus lockdown, the British Retail Consortium (BRC) said. The footfall data showed a slight improvement on the 84.7% ...

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Britain’s economy takes 25% hit from COVID

LONDON: UK economy shrank by a quarter over March and April as entire sectors were shuttered by the coronavirus lockdown in what looks likely to be the bottom of a “catastrophic” crash before a long and slow recovery. Dwarfing previous downturns, the economy contracted by 20.4% in April from March, ...

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UK economy grows as factories get boost from pre-Brexit stockpiling

LONDON: Britain’s economy unexpectedly grew in February, helped by clients of manufacturers rushing to stockpile goods ahead of Brexit, official data showed on Wednesday. Gross domestic product grew by 0.2 percent from January, the Office for National Statistics said. Economists taking part in a Reuters poll had expected zero growth. ...

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Lloyds bank 2018 profit jumps by more than a quarter

LONDON: Britain’s Lloyds Banking Group announced surging 2018 profits on Wednesday on lower mis-selling costs and the “resilient” UK economy – despite looming uncertainty over Brexit. Earnings after taxation, or net profit, soared 27 percent to £3.87 billion ($5.02 billion, 4.43 billion euros) last year, compared with £3.04 billion in ...

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UK economy could start to pick up, says Mark Carney

LONDON: Britain’s economy has the potential to start catching up with the rest of the world as the outcome of the Brexit negotiations becomes clearer, the governor of the Bank of England has said. Mark Carney said there was the prospect of a “conscious recoupling” after seeing the international economy ...

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UK economy grew by 0.6% in Q4 2017

MANCHESTER: The National Institute of Economic and Social Research (NIESR), Britain’s oldest independent research institute, said on Wednesday it believes gross domestic product in the UK rose by 0.6% in the fourth quarter. Britain’s monthly growth rates have lagged those of the eurozone and US so far in 2017, yet the ...

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Jeremy Corbyn warning to Morgan Stanley

MANCHESTER: Jeremy Corbyn has hit back at investment bank Morgan Stanley, telling the firm it is right to regard him as a threat. The Labour leader’s comments come after the US-owned bank released a report warning that the prospect of his party taking power was a bigger threat to the ...

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UK Economy Shows Few Signs of Comeback

LONDON: Britain’s economy shows little sign of breaking out of its lethargy and it is “extraordinary” that the Bank of England is considering raising interest rates, the British Chambers of Commerce said. The BCC’s Quarterly Economic Survey of businesses, the largest of its kind, said sales at services firms that ...

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Pound recovering before Supreme Court ruling

LONDON: On Tuesday, the British Supreme Court will decide whether Parliament should vote to commence divorce proceedings from the European Union. Investors are welcoming this because above all they need one thing: certainty. A day before the Supreme Court’s decision of whether British Prime Minister Theresa May can start Brexit ...

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