uk-economy | ABS-CBN News

Britain's GDP grows 0.5 percent in October: statistics office

Agence France-Presse
Posted at Dec 12 04:14 PM

Britain's economy grew 0.5 percent in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral. Read more »

UK must focus on growth as well as inflation: Business lobby

Agence France-Presse
Posted at Nov 21 08:20 AM

The UK's recent austerity budget may avert a deeper recession, but the government must focus more on growth to improve the country's long-term prospects, the Confederation of British Industry (CBI) will say Monday. Read more »

Fitch lowers outlook for UK rating to negative

Agence France-Presse
Posted at Oct 06 08:38 AM

Fitch lowered the outlook for its credit rating for British government debt from stable to negative after new Prime Minister Liz Truss announced a crash program of debt-fueled tax cuts. Read more »

UK economy grows in 2nd quarter, easing recession fears

Agence France-Presse
Posted at Sep 30 03:45 PM

Britain's economy grew in the second quarter, easing recession fears amid ongoing turmoil over the government's tax-slashing budget. Read more »

UK economy rebounds in July

Agence France-Presse
Posted at Sep 12 03:38 PM

The UK's recession-threatened economy rebounded in July after a hefty fall the previous month, official data showed Monday. Read more »

UK economy shrinks for second month in a row

Agence France-Presse
Posted at Jun 13 04:32 PM

British economic output declined for the second month in a row in April, weighed down by decades-high inflation, official data showed Monday. Read more »

UK forgets crisis to party for queen's jubilee

Jitendra Joshi and Phil Hazlewood, Agence France-Presse
Posted at Jun 01 11:25 AM

Britons are set to party this week to mark a record-breaking 70 years on the throne for Queen Elizabeth II. Read more »

UK economy shrinks more than expected in first quarter

Agence France-Presse
Posted at Jun 30 04:43 PM

Britain's coronavirus-hit economy shrank by slightly more than expected in the first quarter before a subsequent easing of lockdown restrictions, revised official data showed on Wednesday. Read more »

UK economy shows signs of stabilization after new lockdown hit

William Schomberg and David Milliken, Reuters
Posted at Feb 19 09:47 PM

Britain’s economy has stabilized after a new COVID-19 lockdown last month hit retailers, and business and consumers are hopeful the country’s vaccination campaign will spur a recovery, data showed on Friday. Read more »

UK economy suffers record 9.9 pct slump in 2020

Reuters
Posted at Feb 12 04:56 PM

Britain's coronavirus-ravaged economy shrank 9.9 percent in 2020, the biggest annual fall in output since modern records began, but avoided heading back towards recession in the final quarter of the year, official figures showed on Friday. Read more »

Britain's economy to reach pre-COVID-19 levels within two years - Reuters poll

Jonathan Cable, Reuters
Posted at Feb 12 10:07 AM

Britain’s economy will narrowly dodge a double-dip recession and will have returned to pre-COVID-19 levels within two years, according to economists in a Reuters poll who said the Bank of England was unlikely to take borrowing costs negative. Read more »

Unviable? Wave of job losses coming as UK cuts COVID-19 support

David Milliken, Reuters
Posted at Oct 13 08:17 PM

Like thousands of employers in Britain, Alison Griffin fears she could soon have to lay off more staff at her huge events venue when the government ends its flagship coronavirus job support program in three weeks. Read more »

Bank of England sees less severe UK downturn

Agence France-Presse
Posted at Aug 10 12:25 PM

Britain's economic downturn fuelled by the coronavirus pandemic will be less severe than thought -- but the nation's surge in unemployment will delay any recovery, according to a forecast by the Bank of England. Read more »

UK to require employers to pay 20-30 pct of furloughed wage cost - The Times

Reuters
Posted at May 23 03:35 PM

LONDON - The United Kingdom has drawn up plans to require employers to cover 20 percent to 30 percent of furloughed employees' wages starting August to reduce the vast burden of the coronavirus crisis on government finances, The Times newspaper reported.   Read more »

UK economy shrinks on coronavirus

Roland Jackson, Agence France-Presse
Posted at May 13 10:08 PM

Britain's economy shrank two percent in the first three months of the year, rocked by the fallout from the coronavirus pandemic, official data showed Wednesday, with analysts predicting even worse to come. Read more »