The U.K. economy may not be growing at a rapid pace, but it continues to expand steadily. In the last quarter, the economy grew by only 0.3%, which is slightly…
Tag: U.K
The U.K. Economy Needs a Pick-Me-Up. Is the Coronation Enough?
As the world continues to battle the ongoing pandemic, the economy of the United Kingdom has taken a significant hit, with millions of people losing their jobs and businesses shutting…
U.K. Blocks Microsoft’s Activision Bid, a Blow to the Tech Giant
British antitrust regulators on Wednesday blocked Microsoft’s plans to acquire the video game giant Activision Blizzard for $69 billion, a significant hurdle for what would be the largest consumer tech…
3 Tomatoes at a Time: Why U.K. Supermarkets Are Limiting Vegetables
Does this have anything to do with Brexit? Not really. Britain’s withdrawal from the European Union in 2020 has led to some higher costs, but is not to blame for…
U.K. Rail Strike May Scuttle Post-Holiday Plans to Return to Work
The winter holiday season across most of Britain ends on Tuesday, but the return to work for millions of Britons comes on the same day as yet another train strike,…
U.K. Inflation Rate Slows to 10.7 Percent
Britain’s inflation rate eased away from a 41-year high on Wednesday, but the slowdown brings only limited relief to a nation gripped by a deep cost-of-living crisis. Consumer prices in…
Snow and Cold Bring Parts of U.K. to a Standstill
Britain had already endured a week of frigid temperatures, with more below-freezing lows expected. A Level 3 cold weather alert is in place for much of England until Friday. The…
U.K. Economy Shrinks as Threat of Recession Nears
The ride down may be shallow or steep, but either way, the European Union and Britain could be starting to slide into recession. The British economy shrank by 0.2 percent…