UK economy

Britain Q2 slump worst, but not as bad as first thought

Despite the revised figure, the U.K. economy’s Q2 slump remained the worst contraction in the country’s economic history. Britain previously…

7 months ago

UK national debt soar to £2.24 trillion, surpasses economy’s size

U.K.’s national debt surged—the highest since data-tracking began—as government borrowing in August hit £35.9 billion. The national debt held by…

7 months ago

UK economy: Economists warn of prolonged recession

The U.K. economy, despite the government’s efforts to revive it, is expected to suffer a prolonged recession as the number…

7 months ago

UK economy may fall from its ‘sweet spot’ without new measure

A Bank of England (BoE) official said that the central bank would need to consider new fiscal aid to hit…

7 months ago

UK economy to lose $568 billion if remote work continues

A recent study shows that prolonged work-from-home setup could hurt the U.K. economy further and is likely to rebound to…

8 months ago

‘Eat Out to Help Out’ scheme boosts UK economic rally

Meal discount initiative for U.K. restaurants had reportedly driven U.K.'s economic rebound in August despite bleak financial outlook. It appears…

8 months ago