British Economy

Explained: Why is UK's economy in a turmoil and what happens next?

The disarray surrounding the economic plan has weakened Liz Truss's authority as prime minister. That creates uncertainty about her future that is likely to make investors uneasy even if she gets past this crisis

UK economy could suffer deepest annual contraction in more than three centuries due to covid-19, warns Bank of England

The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before bouncing back next year

US-China trade tensions can jeopardise global economy, says Bank Of England chief Mark Carney

Bank of England Governor Mark Carney warned Tuesday that the British economy is barely growing in the wake of mounting Brexit uncertainties.

Guess what? Two-day old royal baby is already worth 80 million pounds

The two-day old Princess of Cambridge has already provided the British economy a boost of around 80 million pounds through the sale of commemorative souvenirs.

Britain to tighten law on executive pay

British executives' pay shot up by nearly 50 percent last year, despite sluggish economic growth and only moderate expansion by leading companies, surveys showed.

UK economy heads for recession

Economists are generally split as to whether the economy will continue to contract in early 2012, but all stress that any decline will be modest compared to the last recession in 2008-09.