Tag Archives: UK

The United Kingdom (UK) and Canada have agreed transitional measures to maintain the flow of goods between the two countries starting from January 1, 2021, the British Department of International Trade announced on Tuesday. The new agreement will allow the continuity of free trade, without tariffs, between the two countries …

The European Union (EU) is reportedly making a final push, in trade talks with the United Kingdom (UK), for an agreement for the post-Brexit stage. Fishing rights remain the issue where the biggest disagreement lies, Reuters has reported citing the EU’s chief negotiator. “We are really in a crucial moment. …

Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …

The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …

A survey on Monday showed that UK retail sales rebounded in December with restrictions on stores eased and consumers buying food and other essentials before Christmas, but the outlook for January is the worst since summer. The monthly report of the Confederation of British Industries showed that the balance of …

It is now very likely that a no deal Brexit will be completed by the end of the year, a spokesman for the British Prime Minister Boris Johnson said on Thursday. Talks are in a serious situation and there is no room for an agreement unless the European Union (EU) …

British retail sales fell last month when a four-week lockdown in England caused stores selling non-essential goods to close, dropping clothing sales by about a fifth and adding to the hardships in some of the main stores hit hardest. The Office for National Statistics said retail sales volumes overall fell …

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.

The UK manufacturing and services sector activities showed mixed performance in December, the preliminary report from IHS Markit showed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to a 37-month high level of 57.3 in December. The reading surpassed consensus estimates pointing to a …

Official data revealed that inflation in Britain slowed more than expected in November, which may reflect the Black Friday discounts, with the price of clothes and shoes falling at the highest rate in ten years. The Office for National Statistics said consumer prices rose 0.3% year-on-year after rising 0.7% in …