Apr 26, 2021 07:35 AM IST
The bank said in a note to clients that it now expects British gross domestic product to grow by a "striking" 7.8% this year, "above our expectations for the U.S."
- Nov 22, 2020 10:38 PM IST
- Sep 24, 2020 07:47 PM IST
The announcement comes as COVID-19 cases continue to soar across the UK, blunting the country’s economic recovery from a nationwide lockdown imposed in March.
- Aug 12, 2020 11:42 AM IST
"The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record," Jonathan Athow of the Office for National Statistics said.
- Feb 05, 2020 11:22 AM IST
The 'India in the UK: The Diaspora Effect' report, released here on Tuesday, analysed data related to 654 Indian diaspora-owned companies in the UK with a turnover of at least 100,000 pounds and found that they collectively invest around 2 billion pounds through capital expenditure.
- Jan 30, 2020 08:45 AM IST
Recent positive British economic data offset weaker figures at the end of 2019, but this is not expected to have a lasting impact despite government promises of major infrastructure spending.
- Nov 11, 2019 03:30 PM IST
Gross domestic product rebounded in the July-September period after a 0.2-percent contraction in the second quarter, the Office for National Statistics said in a statement.
- Nov 08, 2019 12:10 AM IST
The new forecasts, which assumes the UK leaves the European Union with a deal on January 31, contrasted with the BoE's prior predictions of 1.3 percent growth in 2019 and 2020
- Dec 06, 2018 07:52 AM IST
The CBI said the world's fifth-largest economy would grow by 1.3 percent in 2018, 1.4 percent in 2019 and 1.6 percent in 2020, little changed from its previous projections in June.
- Sep 17, 2018 04:53 PM IST
The Fund predicted Britain's economy would grow by about 1.5 percent a year in 2018 and 2019 lagging behind Germany and France if a broad Brexit agreement was struck.
- Sep 05, 2018 04:05 PM IST
The IHS Markit/CIPS Purchasing Managers' Index (PMI) increased to 54.3 in August from 53.5 in July, beating all forecasts in a Reuters poll of economists and rising further above the 50-mark that indicates growth.
- Jan 30, 2018 09:15 AM IST
The leaked assessment published yesterday by news website BuzzFeed says if Britain reaches a free trade deal with the EU, growth will be 5 per cent lower than current forecasts over 15 years.
- Nov 28, 2017 02:50 PM IST
The assessments are designed to see whether the banking sector can weather a fierce worldwide recession, crashing house prices and soaring unemployment.
- Jan 05, 2017 04:05 PM IST
Britain's economy finished 2016 strongly, growing at the fastest rate since mid-2015, even though companies faced some of the fastest-rising costs of the past five years as sterling weakened after Britain voted to leave the European Union, an industry survey showed.
- Jun 24, 2016 10:26 AM IST
Vineet Nayyar, Executive VC, Tech Mahindra does not see a significant impact on Indian IT companies. According to him the sterling may fall but it will have only a marginal impact for them. He said, they keep facing these kind of currency problems time and again.
- Apr 25, 2013 10:51 PM IST
The UK economy avoided a triple-dip recession as the GDP grew at a faster-than-expected 0.3 percent rate in the first quarter of 2013, powered by its service sector.
- Dec 14, 2012 04:40 PM IST
A downgrade next year for the struggling UK economy could put the British pound under severe pressure, the head of foreign exchange strategy at HSBC has warned.
- Nov 22, 2011 12:16 PM IST
Britain needs 10 years of austerity to resolve its economic problems, independent think-tank Reform.
- Oct 02, 2011 04:00 PM IST
The euro zone crisis is a threat to the global economy and Europe's policymakers must act urgently to fix its banks and deal with its debt, British Prime Minister David Cameron said on Sunday.
- Apr 11, 2011 08:13 AM IST
Britain's top banks are set to need more capital and ring-fence retail banking to shield taxpayers from another crisis in the most radical industry shake-up for decades, which may prompt some banks to leave.