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  • UK economy set to grow faster than the US this year: Goldman Sachs Apr 26, 2021 07:35 AM IST

    UK economy set to grow faster than the US this year: Goldman Sachs

    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."

  • COVID-19 impact | UK plunges into deep recession, Rishi Sunak warns people of 'hard times' Nov 22, 2020 10:38 PM IST

    COVID-19 impact | UK plunges into deep recession, Rishi Sunak warns people of 'hard times'

    .

  • UK announces new plan to help workers hit by coronavirus pandemic Sep 24, 2020 07:47 PM IST

    UK announces new plan to help workers hit by coronavirus pandemic

    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.

  • UK economy enters recession; contracts over 20% in second quarter Aug 12, 2020 11:42 AM IST

    UK economy enters recession; contracts over 20% in second quarter

    "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.

  • New report quantifies Indian diaspora's contribution to UK economy Feb 05, 2020 11:22 AM IST

    New report quantifies Indian diaspora's contribution to UK economy

    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.

  • UK economy seeks to balance Brexit with global strains Jan 30, 2020 08:45 AM IST

    UK economy seeks to balance Brexit with global strains

    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.

  • UK economy avoids recession with 0.3% quarterly growth Nov 11, 2019 03:30 PM IST

    UK economy avoids recession with 0.3% quarterly growth

    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.

  • Bank of England holds interest rate at 0.75%, tweaks UK growth forecasts to 1.4% for 2019 Nov 08, 2019 12:10 AM IST

    Bank of England holds interest rate at 0.75%, tweaks UK growth forecasts to 1.4% for 2019

    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

  • UK economy risks severe damage without orderly Brexit: Confederation of British Industry Dec 06, 2018 07:52 AM IST

    UK economy risks severe damage without orderly Brexit: Confederation of British Industry

    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.

  • UK economy will shrink without Brexit deal, IMF warns Sep 17, 2018 04:53 PM IST

    UK economy will shrink without Brexit deal, IMF warns

    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.

  • UK economy holding up against Brexit jitters, for now: Survey Sep 05, 2018 04:05 PM IST

    UK economy holding up against Brexit jitters, for now: Survey

    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.

  • Leaked report: UK economy will be worse off after Brexit Jan 30, 2018 09:15 AM IST

    Leaked report: UK economy will be worse off after Brexit

    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.

  • Banks could support UK economy in disorderly Brexit: BoE Nov 28, 2017 02:50 PM IST

    Banks could support UK economy in disorderly Brexit: BoE

    The assessments are designed to see whether the banking sector can weather a fierce worldwide recession, crashing house prices and soaring unemployment.

  • UK services sector sees fastest growth since July 2015: PMI Jan 05, 2017 04:05 PM IST

    UK services sector sees fastest growth since July 2015: PMI

    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.

  • Brexit may not have a significant impact on IT cos: TechM Jun 24, 2016 10:26 AM IST

    Brexit may not have a significant impact on IT cos: TechM

    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.

  • UK escapes triple-dip recession, returns to growth in Q1 Apr 25, 2013 10:51 PM IST

    UK escapes triple-dip recession, returns to growth in Q1

    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.

  • Sterling to tumble if UK is downgraded: HSBC Dec 14, 2012 04:40 PM IST

    Sterling to tumble if UK is downgraded: HSBC

    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.

  • UK needs 10 years of austerity to recover Nov 22, 2011 12:16 PM IST

    UK needs 10 years of austerity to recover

    Britain needs 10 years of austerity to resolve its economic problems, independent think-tank Reform.

  • Euro zone must get ahead of markets: Cameron Oct 02, 2011 04:00 PM IST

    Euro zone must get ahead of markets: Cameron

    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.

  • UK banks brace for shake-up to shield taxpayers Apr 11, 2011 08:13 AM IST

    UK banks brace for shake-up to shield taxpayers

    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.

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