UK economy

Liz Truss will face tough economic challenges, says former Indian envoy on new British PM

"All in all, she has a very difficult challenge in front of her. Let her wish her the best," said the Former High Commissioner of India to the UK on Liz Truss' new role as UK PM.

Sep 06, 2022, 00:15 AM IST

Prince Harry-Meghan Markle wedding could boost UK economy by a whopping £500 million

Prince Harry will tie the knot with actress Meghan Markle on May 19, 2017, at Windsor Castle.

Jan 03, 2018, 18:58 PM IST

India's economic success vital for global economy: UK envoy

India`s economic success and development are vital to the global economy and to Britain`s interests across South Asia, the British envoy to India said here on Thursday.

Aug 24, 2017, 20:21 PM IST

Bank of England hikes UK growth forecast; holds rate

The Bank of England on Thursday ramped up its UK economic growth forecasts for the next three years, despite Brexit storm clouds on the horizon.

Feb 02, 2017, 19:30 PM IST

British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas

Prime Minister Theresa May will unveil her new industrial strategy on Monday, pledging to spend billions of pounds on science, technology and research to spur a new "ambitious" way of doing business in Britain.

Nov 21, 2016, 15:37 PM IST

Bank of England raises UK growth forecast, holds rate

The Bank of England on Thursday hiked its economic growth forecast for next year, as it froze its key interest rate at a record-low 0.25 percent and left stimulus unchanged.

Nov 03, 2016, 18:41 PM IST

UK economy withstands Brexit "doom", bigger tests lie ahead

More than two months after the Brexit referendum, Britain`s economy has defied the direst predictions of what could happen if voters decided to leave the European Union.

Sep 06, 2016, 20:56 PM IST

British unemployment claims fall after Brexit vote

Britain witnessed a surprise drop in claims for unemployment benefits in July, the immediate aftermath of the country`s vote in favour of exiting the European Union, official data showed Wednesday.

Aug 17, 2016, 19:44 PM IST

Brexit a danger to US financial stability: Treasury

Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

Jul 26, 2016, 02:49 AM IST

UK economic growth revised higher: Data

Britain`s economy grew more than expected in the first quarter but output was still lower compared with the end of last year, official data showed on Tuesday.

Jun 30, 2015, 14:53 PM IST

British economy slows sharply to 0.3% growth in Q1

Britain`s economy grew far slower than expected in the first quarter of 2015, official data showed Tuesday, delivering a blow to the government just nine days before a general election.

Apr 28, 2015, 14:21 PM IST

Successful Indian companies fuelling UK economy: Study

The total number of people in the UK employed by Indian companies has increased by 10 percent; from 1,00,000 last year to nearly 1,10,000.

Apr 16, 2015, 22:48 PM IST

UK economy gets thumbs-up from OECD before elections

The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.

Feb 24, 2015, 21:57 PM IST

Rapid UK recovery starts to slow from previous red-hot pace

Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May`s election.

Oct 25, 2014, 00:33 AM IST

Bank of England split on need to raise rates

Bank of England policymakers were split for a third month in a row over the need to lift its record-low interest rate, minutes of their last meeting showed on Wednesday.

Oct 22, 2014, 17:03 PM IST

British economy surprisingly strong

Britain`s recovering economy grew more than expected in the second quarter, revised official data showed on Tuesday.

Sep 30, 2014, 15:20 PM IST

Tata Group warns UK over harsh business tax regime

The Tata Group, one of Britain's largest employers in the manufacturing sector, has warned the government over its commercial tax rates system, saying it is making Britain less attractive for the industry.

Aug 24, 2014, 19:23 PM IST

British retail sales rise 0.1% in July

British retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.

Aug 21, 2014, 14:53 PM IST

British economy grows 0.8% in second quarter: data

Britain`s economy grew by 0.8 percent in the second quarter of 2014 compared with output in the first three months of the year, official data showed on Friday.

Aug 15, 2014, 14:55 PM IST