The UK’s Treasury chief on Friday criticized the International Monetary Fund (IMF) for consistently underestimating the UK’s economy, after it predicted that it would perform poorly this year. The comments…
Category:
Economy
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EconomyEuropeNewsUKUnited Kingdom
UK Economy Flat in February as Strikes and Inflation Bite — and the IMF Delivers Reality Check
by Lucas Hayesby Lucas HayesLONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on Thursday showed a steady GDP in February, missing consensus expectations…
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EconomyEuropeNewsUKUK GovernmentUnited Kingdom
More Than 1M UK Small Businesses ‘trapped in High-cost Energy Tariffs’
by Keegan Rossby Keegan RossMore than 1m small businesses may be paying energy bills significantly above market rates after becoming trapped in long-term contracts fixed when prices reached a historical peak last year. Trade…
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EconomyEuropeNewsUKUnited Kingdom
Britain’s Economy is Back, Says Chancellor
by Kit Westby Kit WestChancellor Jeremy Hunt says Britain’s economy is “back”, and that his strategy for growth has been welcomed at the International Monetary Fund meeting in Washington. His predecessor, Kwasi Kwarteng, left…
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BusinessEconomyFeaturedGlobal NewsKazakhstanNews
Kazakhstan’s Top Businessmen Forming New Financial Center in Astana
by Lucas Hayesby Lucas HayesKenes Rakishev, entrepreneur and former special envoy for Kazakhstan and Vyacheslav Kim, both among the Top 10 richest businessmen in Kazakhstan according to Forbes, have announced their intention to create…
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LONDON, April 13 (Reuters) – Britain’s economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession…
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EconomyEducationNewsUKUK GovernmentUnited Kingdom
‘Anti-Maths Mindset’ Costs UK a Huge Sum, Rishi Sunak Claims
The UK possesses an inherent “anti-maths mindset” that is hampering efforts to improve numeracy, Rishi Sunak is to say as he relaunches his plan to make maths education until 18 compulsory. In…
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BusinessEconomyFeaturedGlobal NewsNewsUKWorld News
UK Employers Feel the Strain of Missing Skilled Workers
by Keegan Rossby Keegan RossBARNSLEY, England, March 14 (Reuters) – Frustrated with England’s education system, Simon Biltcliffe spends a lot of time training new hires at his marketing firm in the “soft skills” he…
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EconomyFeaturedGlobal NewsIrelandNewsUKUnited KingdomWorld News
Northern Ireland Economy Showing Signs of Improvement – Ulster Bank
The Northern Ireland economy showed unexpected signs of improved performance in February, an Ulster Bank survey suggests. Every month the bank surveys about 200 firms, asking about things like employment,…
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ChinaEconomyNewsPolitics
Billions of dollars in support.. How does Washington confront China’s influence in the Pacific Islands?
by Keegan Rossby Keegan RossUS President Joe Biden’s administration has proposed allocating a budget of billions of dollars to support the Pacific Islands, as part of a country-led plan to counter Chinese expansion and…
