Tag: UK economy
British pound resilience amid inflation and geopolitical uncertainty
The British Pound has shown impressive resilience against the US Dollar amidst a backdrop of inflation and geopolitical uncertainties. Recent economic data revealed that UK core inflation soared to 3.7% in January, with headline...
Trump’s Threat: UK Faces 24% Tariffs – London Business Update
The UK is facing a potential threat of significant import tariffs up to 24%, as warned by Consultancy Capital Economics. This looming concern arises from the possibility of US President Donald Trump’s administration adding...
The Continued Risk of Recession: London Business News
The UK economy showed signs of improvement in December after a lackluster second half of the year, with a modest 0.1% growth in the final quarter driven by expansion in services. This slight uptick...
Investors Flee to US After Trump Tax Cuts – London Business News
A recent analysis by the Prosperity Institute has caused ripples in the business world, revealing the potential impact of President Donald Trump's proposed tax cuts on the UK economy. The report suggests that the...
Supermarkets Warn of Inevitable Food Price Increases in Labour’s Budget – London Business News
Major supermarkets like Sainsbury's and Marks and Spencer are bracing for inevitable food price increases starting from next April, as a direct result of Labour's Autumn Budget. The increase in food prices is expected...
UK Economy Sees Growth With Brains and Brawn – London Business News
The UK economy showed growth in August, with a 0.2% increase in GDP compared to the previous month. This growth was seen across all three key sectors, with services output increasing by 0.1%, construction...