Published date 29 December 2020 Categories Economy
Britain and Turkey are set to sign a free trade agreement on Tuesday, the UK Department of Commerce announced tonight. It will be the first such deal since Prime Minister Boris Johnson secured a new trade deal with the European Union last week. The agreement between Britain and Turkey reproduces the current rules governing Ankara-London trade relations, but Minister Liz...
Published date 28 December 2020 Categories Economy
In the wake of the London-Brussels Brexit agreement, the United Kingdom is now seeking to sign trade agreements with Australia, the United States and countries in the India-Pacific region, according to British Foreign Secretary Dominique Raab. “We are seeking to sign trade agreements from Australia to the United States, but also with the whole world. “Especially with the India-Pacific region,...
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Published date 19 December 2020 Categories COVID-19 / Economy
By Kallum Pickering The number of new cases in Britain has risen sharply since early December, and in response to this situation, the government has imposed more restrictions on regions of the country. Major financial centers such as London, Birmingham and Manchester are under Level 3 restrictions, as they are called, which means that travel is severely reduced and hotels,...
Published date 16 December 2020 Categories Economy
Forty years ago, in the early 1980s, banks with offices in Britain had a much larger cross-border presence than banks in Germany and France. This emerges from data available to the Bank for International Settlements and cites a report in the British newspaper Financial Times. According to the relevant publication, the big international banks use the City of London for...
Published date 16 December 2020 Categories Economy
The prices in November grew at half the rate than foreseen Inflation in Britain slowed sharply in November as clothing retailers cut prices for more than a decade, while consumer demand remained uneven amid a coronavirus pandemic. Consumer prices rose 0.3% year on year, following a 0.7% rise in October, according to the British National Statistics Office (ONS) on Wednesday....
Published date 15 December 2020 Categories Economy
Unemployment in Britain rose again as the number of layoffs hit record highs as companies prepared for the end of the government subsidy program, which was eventually extended to the first months of 2021. Official figures show the unemployment rate rose to 4.9%, from 4.8% in the three months to September, the highest in more than four years. However, the...
READ MORE Britain: Rising unemployment – Record redundancies