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Global trade versus economic nationalism

This article is authored by Sriparna Pathak.

International Relations
Published on May 10, 2024 11:48 AM IST
BySriparna Pathak

Bailey’s Rate-Cut Plan Is Set to Differ From Powell’s

The Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing.

Bailey’s Rate-Cut Plan Is Set to Differ From Powell’s
Published on May 05, 2024 01:31 PM IST
Bloomberg |

UK Economy Rebounds in January After Slipping Into Recession

The UK economy rebounded in January, registering modest growth after falling into a technical recession in the second half of last year.

HT Image
Published on Mar 13, 2024 01:24 PM IST
Bloomberg |

English school budgets under strain as costs escalate, study finds

Budgets will continue to remain tight after 2025 under government plans that imply no further real-terms increases, the IFS said in March.

The Department for Education claims “funding will be at its highest ever level in real terms per pupil” next year after a record £60 billion ($72.9 billion) of support(AP)
Updated on Oct 05, 2023 12:33 PM IST
Bloomberg |

Bank of England raises interest rate to 15-year high, hints at future hikes

The Bank of England lifted its key rate a quarter point as expected to 4.5%, with two of the nine-member Monetary Policy Committee voting for no change.

The Bank of England (REUTERS)
Updated on May 11, 2023 04:59 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

UK PM Sunak trusts UK Banking system safe despite Credit Suisse collapse

“We do believe we have a robust system, a strong system,” Prime Minister Rishi Sunak’s official spokesman Max Blain told reporters on Monday.

British Prime Minister Rishi Sunak.(REUTERS)
Published on Mar 20, 2023 06:17 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

'Britain to avoid recession…' UK finance minister Jeremy Hunt in Budget speech

There have been predictions that the country would dip into recession in part because of record inflation and rising energy prices due to the war in Ukraine.

Britain's Chancellor of the Exchequer Jeremy Hunt poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government's annual budget to Parliament. (AFP)
Updated on Mar 15, 2023 06:59 PM IST
Bloomberg |

UK economy to fare worse than any other country in developed world in 2023: IMF

UK Economy: IMF upgraded its growth projections for Italy and Germany which implies that both the countries will now grow more than the UK in 2023.

UK Economy: A customer looks at a clothing stall at Petticoat Lane Market in London, UK.(Bloomberg)
Published on Jan 31, 2023 07:18 AM IST

Why these major economies may defy recession forecasts

Recession 2023: Europe’s two biggest economies may have succeeded in skirting a recession in the fourth quarter, defying downbeat expectations.

Recession 2023: Germany and UK defying forecasts may skirt recessions for now.
Published on Jan 13, 2023 06:46 PM IST
Bloomberg |

UK economy grows after hit from Queen Elizabeth's funeral in September

UK Economy: A Reuters poll of economists had pointed to a 0.4% bounce-back in October after September's 0.6% contraction.

UK Economy: A customer looks at a clothing stall at Petticoat Lane Market in London, UK.(Bloomberg)
Updated on Dec 12, 2022 12:44 PM IST
Reuters |

Britain in recession: Eight years of family income growth wiped out - report

The bleak forecasts were released alongside the Chancellor of the Exchequer Jeremy Hunt’s autumn statement. He pledged to both support households over the recession and the depths of the energy crisis and bring debt under control by 2027-28.

Britain unveiled an austerity budget with £55 billion ($65 billion) of tax hikes and spending cuts despite confirming its economy was in recession. (AFP)
Published on Nov 17, 2022 08:22 PM IST
Bloomberg |

‘Cannot fix everyone's problems’: Rishi Sunak on UK's economic crisis

Sunak declined to comment on whether he stood by the Tory manifesto pledge not to raise income tax, VAT or national insurance, according to the report.

Britain's Prime Minister Rishi Sunak (AFP)
Published on Nov 05, 2022 06:08 AM IST
Reuters |

Nearly half of UK families surviving on less than 300 per week

UK Economic Crisis: In some parts of the UK outside of London, inflation has hit even harder.

UK Economic Crisis: The 20% of earners who sit in the second lowest income bracket have been hit hardest.(AP)
Published on Oct 27, 2022 01:45 PM IST
Bloomberg |

Embattled UK PM Liz Truss says she is ‘a fighter, not a quitter’

UK PM Liz Truss: “I am somebody who’s prepared to front up,” UK PM Liz Truss said.

Liz Truss: British Prime Minister Liz Truss is seen.(Reuters)
Published on Oct 19, 2022 06:12 PM IST
Bloomberg |

Not even a meal a day for millions: UK's cost of living crisis aggravates

UK Cost Of Living Crisis: UK faced growing inflation owing to which one out of five low-income families faced scarcity of food, the report said.

UK Cost Of Living Crisis: A woman with an umbrella and the Elizabeth Tower also known as Big Ben are reflected in a puddle in London.(AP)
Published on Oct 19, 2022 02:48 PM IST

We went ‘too far, too fast’: UK PM Liz Truss says focused on financial stability

UK Economy: The government went "too far, too fast" in its drive for growth, UK PM Liz Truss' spokesperson said.

UK Economy: British Prime Minister Liz Truss attends a news conference in London, Britain.(Reuters)
Published on Oct 17, 2022 05:07 PM IST
Reuters |

UK to unveil new fiscal measures after controversial debt-fuelled budget

Britain's Jeremy Hunt will "make a statement bringing forward measures from the medium-term fiscal plan".

Jeremy Hunt: New Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, Britain.(Reuters)
Published on Oct 17, 2022 12:23 PM IST
AFP |

Rishi Sunak's ‘I told you so’ moment prompts plot to replace Liz Truss: Report

Rishi Sunak- Liz Truss: Rishi Sunak's moment to say, “I told you so” came as he had asserted during the contest with Liz Truss that her tax cut plan would result in a market rout.

Rishi Sunak-Liz Truss: Liz Truss, left, and Rishi Sunak arrive for the announcement of the result of the Conservative Party leadership contest.(AP)
Updated on Oct 16, 2022 04:32 PM IST

‘Nothing off the table’ on reversing Liz Truss tax plan: New UK finance minister

Jeremy Hunt: The measure would save £5 billion ($6 billion), according to a report in the Sunday Times.

Jeremy Hunt: British Chancellor of the Exchequer Jeremy Hunt speaks during an interview.(Reuters)
Published on Oct 16, 2022 03:24 PM IST
Bloomberg |

UK to publish fiscal plan, forecasts on October 31 following mini-budget

British Economy: The government had been due to set out the plan, which builds on a mini-budget in September, on Nov. 23.

British Economy: British Prime Minister Liz Truss attends the annual Conservative Party conference, in Birmingham, Britain.(Reuters)
Published on Oct 10, 2022 03:45 PM IST
Reuters |

On welfare cuts to fund UK's economic plan, Liz Truss says no

UK Economy: Liz Truss and her finance minister Kwasi Kwarteng are racing to set out how they will pay for more than 40 billion pounds ($46 billion) of tax cuts.

UK Economy: Britain's Prime Minister Liz Truss. (AFP)
Published on Oct 04, 2022 02:52 PM IST
Reuters |

‘It was really, really important’: Truss on UK's mini-budget amid economy woes

Liz Truss On UK Economy: Liz Truss has so far argued market turbulence following the announcement of planned tax cuts a week ago is a result of global problems caused by the Russian invasion of Ukraine.

Liz Truss On UK Economy: British Prime Minister Liz Truss visits British Gas Academy in Dartford, Britain.(Reuters)
Published on Oct 01, 2022 10:21 AM IST
Reuters |

Watch| On UK economy, BBC veteran David Dimbleby's rare expletive: ‘S***storm'

David Dimbleby On UK Economy: David Dimbleby, the former Question Time host made the comments during BBC’s Newscast podcast.

 UK Economy: David Dimbleby made a rare outspoken remark on UK's economy.(Twitter)
Published on Oct 01, 2022 08:47 AM IST

UK economic activity surges at fastest pace in seven years

A report showed the Treasury built up the largest budget deficit in peacetime history in the fiscal year that ended in March.

Britain's Prime Minister Boris Johnson (via REUTERS)
Published on Apr 23, 2021 02:41 PM IST
Bloomberg |

UK economy advanced in February despite Covid-19 restrictions

Gross domestic product expanded by 0.4 percent in February after sinking by an upwardly-revised 2.2 percent the previous month, the Office for National Statistics (ONS) said in a statement.

The economy was 7.8 per cent smaller than its pre-pandemic level in February 2020. In picture - People walk past re-opened shops in Liverpool, north west England, as Covid-19 restrictions are eased across the country.(AFP)
Published on Apr 13, 2021 12:49 PM IST
AFP | | Posted by Srivatsan K C

UK economy records worst year in three centuries

According to CNN, this means that the Covid-19 pandemic has effectively wiped out all growth in the United Kingdom over the last seven years, returning the economy close to the size it was in 2013.

The UK suffered one of
Published on Feb 12, 2021 07:54 PM IST
ANI | , London

UK economy surged in December 2020, capping worst year since 1709

Gross domestic product rose 1% from the third quarter, fueled by a boom in construction and government spending.

Pedestrians walk past Tier 2 Coronavirus information displayed on an electronic advertising board at a bus stop in central London on December 14, 2020. - The majority of England's 55 million population are under Tier 2 or 3 restrictions, depending on local infection rates. London -- Britain's capital and driving force of the UK economy -- is currently in Tier 2, meaning pubs where food is served and restaurants can open, obeying social distancing rules. But in Tier 3 areas, hospitality venues have to close except for takeaways. (Photo by Tolga Akmen / AFP)(AFP)
Published on Feb 12, 2021 01:40 PM IST
Bloomberg |

UK prepares for another recessions as lockdowns cripple economy

Because of the November fall, the economy is set to contract again in the fourth quarter.

A coronavirus information sign is displayed by a bus stop in London. (AP Photo)
Published on Jan 15, 2021 07:09 PM IST
AP | , London
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