Tag Archives: UK

The United Kingdom (UK) is near to reaching a trade agreement with Japan, as the two countries have reportedly reached substantial progress in negotiations for a bilateral post-Brexit trade deal. A preliminary agreement could be signed by the end of August, Reuters reported. “We agreed to accelerate talks with an …

The United Kingdom (UK) and the European Union (EU) could soon reach an agreement regarding their bilateral trade ties after the Brexit, according to the British Minister of Finance, Rishi Sunak, Reuters reported. A deal could be reached as early as September, according to Sunak. “We remain confident that it …

A survey showed that British companies in the services and manufacturing sectors grew at the fastest pace in more than 5 years last month, with the start to recover from the effects of Covid-19 on the economy. The IHS Markit / CIPS final composite Purchasing Managers’ Index (PMI) rose to …

The headline seasonally adjusted UK Composite Output Index registered 57.1 in July, up from 47.7 in June, according to data by the IHS Markit and CIPS survey. The improvement in business conditions across the UK helped the private sector economy in restoring recovery signs against the COVID-19 crisis. The flash …

UK retail sales increased during last June, exceeding analyst expectations. Data released by Office for National Statistics showed on Friday that retail sales in Britain increased by 13.9% in June, compared to 12.3% in May. Analysts had expected that retail sales in the United Kingdom would rise by about 8.3% …

Talks for a trade agreement between the United Kingdom (UK) and the European Union (EU) in the post-Brexit era are reportedly stalling or showing little progress. The two sides need to agree on fundamental principles first before negotiations can move forward. “We only have a few weeks left, and we …

The Chinese Foreign Ministry again criticized the UK’s decision to suspend the extradition treaty in Hong Kong, in the latest escalation of tensions between China and Britain. The Chinese Foreign Ministry said that Britain’s actions violated international law and international standards. China on Tuesday reiterated its strong opposition to the …

British government borrowing rose to a record of 127.9 billion pounds ($ 162 billion) in the first three months of the fiscal year 21/2120, more than twice the entire year previously, with strict Coved 19 closures. Borrowing in June, excluding state-owned banks, reached 35.5 billion pounds, five times higher than …

Silvana Tenreyro, member of the Bank of England’s (BoE) Monetary Policy Committee (MPC) has ruled out lowering interest rates soon, saying that lower rates will not necessarily lead to increased consumer spending. Tenreyro said that there remains significant uncertainty about the economy’s outlook. In her remarks earlier today, the MPC …

The Bank of England (BoE) could consider lowering the cost of borrowing, the bank’s Chief Economist, Andy Haldane, said on Monday. The move could come as a way of adapting to a possible economic shock due to the COVID-19 crisis. “Roughly half of the roughly 25% fall in activity during …