Browsing Tag
UK Economy
15 posts
Small high street firms maintain sponsorship rights despite tightened visa requirements
BBC Verify discovered that thousands of small high street businesses, including car washes and vape shops, retain the authority to sponsor overseas workers despite recent, more stringent visa regulations.
Daily Fuel Theft Hits £200,000 as UK Petrol Prices Climb Amid Middle East Conflict
Daily fuel theft at UK petrol stations has surged to nearly £200,000 as prices rise following the start of the Iran conflict.
Why Today’s Young Adults Face Harder Economic Realities Than Previous Generations
A detailed analysis shows that young adults in the UK are struggling with housing affordability, stagnant wages, and lower employment rates compared to their predecessors.
UK Home Loan Interest Rates Climb to Monthly Peak
Average UK mortgage rates have returned to their highest point in a month due to Middle East instability and rising oil prices, prompting lenders to increase costs on new fixed-rate deals.
UK food costs drop but inflation is projected to rise
Inflation in the UK slowed to 2.6% in June due to lower fuel and food costs, though experts anticipate a rebound as energy prices climb.
Lenders propose golden share to prevent Thames Water state takeover
Thames Water lenders are offering the government a golden share and increased local authority control in an effort to avoid state nationalisation of the struggling supplier.
UK June borrowing figures show slight improvement
Government borrowing for June landed at £16bn, a figure slightly better than forecasted as Prime Minister Andy Burnham begins his term.
Prime Minister Andy Burnham’s ambitious agenda faces fiscal reality
Prime Minister Andy Burnham shifts from campaign rhetoric to the difficult task of balancing ambitious national spending plans with strict fiscal and borrowing constraints.
Government takeover of British Steel aims to secure future stability
Local residents and former employees in Scunthorpe view the government's nationalization of British Steel as a crucial measure to protect jobs and maintain essential national manufacturing capabilities.
UK economic output edges upward during leadership transition
The UK economy grew by 0.1 percent in May, supported by the services sector, as the nation prepares for Andy Burnham to take office as prime minister.