UK Economy News


UK Minister Visits Taiwan for Talks to 'Future-Proof' Economy

(Bloomberg) — UK Trade Minister Greg Hands is holding talks with Taiwanese officials to “future-proof” Britain’s economy in the coming decades, as Rishi Sunak’s administration looks to take a harder s..

From a Failing UK Economy to Party Rifts: Sunak's Uphill Battle

(Bloomberg) — As Rishi Sunak becomes the UK’s third Conservative prime minister within just four months, the role is increasingly looking like a poisoned chalice. His victory on Monday puts him in ch..

Charting the Global Economy: UK Recession Awaits Truss Successor

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Escalating inflation, higher borrowing costs and a likely recession are in store for Liz..

Ryanair boss O'Leary blames Brexit for UK economy woes

ROME — Ryanair boss Michael O’Leary described the current economic situation in Britain as a “car crash” which he blamed on the country’s decision to leave the European Union. “The mini budget was a ..

UK economy unexpectedly shrinks in August, falls by 0.3%

ONS figures showed that real wages in the U.K. over the three months to May experienced their steepest decline since records began in 2001. Britain's economy shrank by 0.3% in August, hit by weakness..

UK economy on brink of recession as it shrinks in August

LONDON — Britain’s economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed..

Charting the Global Economy: UK Turmoil; Hurricane Ian Hits US

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The turmoil in the UK rocked global markets this week as Liz Truss’s government signaled..

UK Economy Averts Immediate Recession With 0.2% Expansion

(Bloomberg) — The UK government has been spared the prospect of a summer recession after a surprise increase in second quarter GDP. The 0.2% growth in the three months to June was a sharp improvement..

UK economy still below pre-pandemic size, underscoring challenge for Truss

LONDON — Britain’s economy unexpectedly grew in the second quarter but was below its pre-pandemic peak, contrary to an earlier estimate that it had recovered, according to data that showed the scale o..

UK economy grew in Q2 but was below pre-pandemic size

LONDON — Britain’s economy grew in the second quarter but was still below its pre-pandemic peak, contrary to earlier estimates that it had recovered, according to official data which also showed the c..
Market Watch

UK Economy Grew Slightly in Second Quarter

The U.K. economy grew marginally from April to June, but is expected to contract in the coming quarters as the cost-of-living crisis and higher interest rates weigh on consumers and businesses. U.K. ..

Fed's Bullard doesn't see UK situation affecting U.S. economy By Reuters

(Reuters) - The U.S. economy is mostly insulated from turmoil in UK markets, St. Louis Federal Reserve President James Bullard said on Thursday, a day after the Bank of England resumed its bond-buying..
Fox Business

Putin's economy to take a hit following mobilization order, acceleration of 'brain drain': UK intel

Russia's economy could take a hit as hundreds of thousands of its male working force have fled the country following Russian President Vladimir Putin’s conscription order, the U.K. defense ministry sa..

Liz Truss's Historic Gamble With the UK Economy Is Already Unraveling

(Bloomberg) — Liz Truss’s plan for growth, melding the biggest tax giveaway in half a century with Thatcherite deregulation, is a straight up gamble with Britain’s future, and even before her chancell..

UK Labour leader accuses government of trashing economy

LIVERPOOL, England (AP) — The leader of Britain’s main opposition Labour Party accused the governing Conservatives of losing control of the economy and promised Tuesday to take the U.K. out of an “end..

Pound stabilizes but turmoil continues for UK economy

LONDON (AP) — The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous a..

UK economy shows signs of strain from surging prices

LONDON — Britain’s economy grew by less than expected in July, with a fall in power production possibly reflecting the sharp climb in energy tariffs and the construction sector also hit by the leap in..

UK economy grows by less than expected in July, power output falls

LONDON — Britain’s economy grew by less than expected in July when it expanded by 0.2% from June with a fall in power production possibly reflecting higher energy tariffs, official data showed on Mond..

Charting the Global Economy: ECB Joins Jumbo Rate-Hike Club

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The European Central Bank delivered an unprecedented three-quarter-point interest-rate h..

EU Agrees on Urgent Push to Devise Energy Intervention Steps

(Bloomberg) — European Union energy ministers said Friday that the bloc’s executive arm should deliver urgent proposals to provide liquidity to energy traders clobbered by massive margin calls and to ..

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Intersting Reads
ESPN CricInfo

Jaskaran Malhotra dropped from USA ODI squad for Namibia tour

Just over a year after creating history as the fourth man to hit six sixes in an over in international cricket, batter Jaskaran Malhotra has been dropped from USA's 14-member ODI squad for the four-ma..

Only 5% of $22B in VC funding for generative AI went to Europe

European startups got just $1bn of the €22bn that VCs have invested in generative AI since 2019, according to data from Dealroom. Unsurprisingly, American companies attracted the bulk of the money. A ..
Ars Technica

Anti-viral drug backfires: COVID drug linked to viral mutations that spread

Enlarge/ A worker handles a bottle of Merck & Co. and Ridgeback Biotherapeutics LPs molnupiravir antiviral medication in a warehouse in Shoham, Israel, on January 18, 2022. 27 with With every…..