UK enters recession after GDP dived by a record 20.4% in Q2
The U.K. economy contracted by 20.4 percent in the second quarter of 2020, compared to prior three months, as…
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UK economy
UK’s economy slumps to 40-year low in Q1
The UK’s economy witnessed the steepest drop since 1979 during the first quarter of 2020 as household spending…
UK economy contracted by 20.4% in April, the largest monthly fall on record
The U.K. posted the biggest monthly fall in GDP (gross domestic product) on record in April, according to the…
UK economy hit hard during March, shrinking by record 5.8% amid coronavirus pandemic
UK’s economy sees a record decline of 5.8 percent in March from February as the coronavirus crisis escalated and…
UK, U.S. start negotiations on ‘ambitious’ post-Brexit free trade deal
The UK announced on Tuesday the formal launch of an "ambitious" post-Brexit free trade deal negotiations with the…
UK economy crumbles amid coronavirus, government borrowing soar
The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is…
UK’s economy headed for historic slump as retail sales slide, firms close
Britain’s economy looks set for a widely feared record contraction after figures showed retail sales slumped by…
UK’s two biggest political parties planning radically different for the economy
UK’s two biggest political parties are offering - whether more of the same or a massive change to the economic…
Bank of England hikes interest rates for the second time since financial crisis
The Bank of England (BOE) on Thursday has announced a rate hike despite ongoing uncertainty over the future of the…
Pound sterling falls to fresh 31-year low, briefly trading below $1.27
The pound sterling continued to get punished Wednesday, building on its recent losses that have been sparked by…
