Tag Archives: UK

The UK services sector activity contracted more-than-expected in December, the final report from IHS Markit confirmed this Monday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 49.4 in December versus 49.9 expected and a 49.9 – December’s flash reading.

Britain announced Tuesday a new support package of 4.6 billion pounds ($ 6.2 billion) for businesses affected by the renewed coronavirus lockdown across the country. Finance Minister Rishi Sunak said that retail, hospitality and entertainment companies will be able to claim new one-off grants of up to 9,000 pounds sterling …

British Prime Minister Boris Johnson announced new general isolation in England on Monday, January 4, and instructed citizens to stay home to contain the most contagious strain of the Coronavirus. “It is clear that we need to do more to bring this new variant under control,” Johnson said. “That means …

Banks in the United Kingdom (UK) have approved more than 100,000 new mortgages in November, data by the Bank of England (BoE) showed on Monday. With 104,969 mortgages in November, rising by 98,338 compared to its level in October, this is the highest level recorded of new mortgage loans since …

Euro-denominated stocks moved from London to new platforms in the European Union on Monday, the first trading day after Britain withdrew from the bloc’s single market. Trading in euro-denominated shares in Amsterdam and the new Aquis exchange platform in Paris grew steadily when trading began without any problems.

The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

The benchmark index of the London Stock Exchange (LSE), FTSE100, declined by 1.5% to close the year at the level of 6,460 points. This means that annual losses for the index have reached 14%, registering its worst yearly performance since 2008. The last day of the year also marks the …

British Defense Minister Ben Wallace said that the armed forces can distribute 100,000 doses of the vaccine against Covid-19 disease if required, which helps immunize millions of people threatened with infection before spring arrives. He added that he assigned 130 military planners and personnel to cooperate with the health authorities …

The British parliament has approved on Wednesday the post-Brexit trade deal with the European Union (EU). This comes a couple of days before the end of the transition period after the government of Prime Minister Boris Johnson reached an agreement with the EU regarding future relations between the two parties …

German Foreign Minister Heiko Maas said that European Union governments agreed Tuesday to the trade agreement that regulates relations between Britain and the 27-nation bloc, which paves the way for its temporary implementation from January 1. The agreement, which maintains no customs duties or quotas for Britain, to the European …