BANK OF ENGLAND TO RECEIVE HELP FROM ACCENTURE

HIGHLIGHTS

• The Bank of England has hired IT Accenture
• Accenture will help the Central Bank of UK to refresh a key part of the payments system.
• Accenture will overhaul the RTGS service for the bank.
• The deal is worth up to £...

NO BAILOUT FOR JAGUAR LAND ROVER AND TATA STEEL FROM UK GOVERNMENT

HIGHLIGHTS

• Talks between the UK's Treasury and two Tata Group companies have broken off.
• British government concluded that Indian firms were sufficiently financed.
• Hence, Jaguar Land Rover and Tata Steel did not qualify for taxpayer sup...

SURVEY: MANY UK FIRMS PLAN TO CUT INVESTMENT SPENDING

Highlights

• These companies expect a slow recovery
• The potential for a no-deal Brexit, coronavirus pandemic, etc. are the few factors responsible for it 

Over the next three years, almost two-thi...

REBOUND OF BRITISH ECONOMY SLOWER THAN EXPECTED

HIGHLIGHTS

• The UK's economy has rebounded more slowly than expected in MAY 2020.
• Lockdown of British economy is being eased gradually.
• British economy modestly grew by just 1.8% from APR 2020.

The British economy is gr...

THE UK's GDP SLUMPS 20.4 PERCENT IN APRIL COURTESY OF COVID-19 LOCKDOWN

Highlights

• April was the first month, when the UK saw complete lockdown with almost no economic activity

• Post-COVID, social distancing and no-deal Brexit complications will impact the country’s pace of economic recovery

• According to the OEC...

BRITAIN’S BUSINESS LEADERS CALL FOR A SUSTAINABLE ECONOMIC RECOVERY PLAN

Highlights

• Almost 200 chief executives signed a letter to the prime minister
• The letter calls for a recovery that helps to build a resilient UK economy

In the wake of the coronavirus crisis, Britain’s most powerful business lea...

TECH SECTOR INVESTMENT IN BRITAIN SURGED 44%

On Wednesday, the Digital Economy Council of UK government stated that in 2019, investment in tech sector of Britain surged 44% to a record $13.2 billion pounds. It accounted for one third of all the European funding. It also exceeded the total in France and Germany combined.

According ...

UK economy suffers stagnation: BCC Survey

According to a business survey, the UK economy ended 2019 in stagnation. As it is under pressure from long-term uncertainty along with mounting business costs and a global economic slowdown.

The latest quarterly economic snapshot of the British Chambers of Commerce (BCC) is for November...

Overuse of herbicides costs £ 400 million a year for the UK economy

Weed resistance to herbicides, according to scientists from the University of Sheffield and environmental organization from the Zoological Society of London, costs the UK's economy as much as £ 400 million a year.

Researchers at the University of Sheffield and the Institute of...

UK economy came to a halt in the three months leading up to the end of October

Official data show that the UK economy came to a halt in the three months leading up to the end of October. The political parties that run in the high-stakes general election on Thursday promise to fix this— but their legislative effect is far from certain.

"It's hard to ...

Music changing the UK economy

The United Kingdom’s economy is now expected to change its whole outlook and will be completely governed by new factors as there has been a major shift In what has aided the economic growth over the past few years. One of the main factors has been the entertainment industry of the nation th...

Elections changing the economy

The United Kingdom’s economy has been a matter of concern for a very long time, and this period is three years to be precise, this is due to the world-famous Brexit issue of the nation that will be changing the European Union and the nation itself totally. This has serious impacts on the lo...

Deal of Boris Johnson is bad for UK Economy

Its ruthlessly short-term-focused discussion of Brexit right now. Reporters and Politicians analyze minute to minute, hour to hour, whether European Union and Boris Johnson can bridge their disagreements and get a pact across the line by tomorrow’s Brussels summit. Everyone shall know soon ...