Consumer prices in Britain continued to jump higher in July, rising 10.1 percent from a year earlier. It was the fastest pace since 1982 and has intensified the pressure on […]
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Back to news homeBritain’s Economy Shrank 0.1% in Second Quarter
The British economy contracted slightly in the second quarter, losing momentum as the country experiences a deepening cost-of-living crisis and economists predict that a recession will start later this year.Gross […]
From Liverpool to London, Inflation Means Tighter Wallets and Colder Homes
LIVERPOOL, England — For the past few weeks Vincent Snowball hasn’t needed to use the weekly food bank that runs out of a church near Liverpool’s city center. But he’s […]
New Virus Restrictions in Britain Worry Businesses
LONDON — On Thursday morning, a group of 50 called to cancel their holiday party booked for that evening at Luc’s Brasserie, a French restaurant in the financial district of […]
The U.K. Prepared for a Jobs Crisis, but Got the Unexpected
So the government doubled its army of so-called work coaches, who help people on unemployment benefits find jobs. It hired 13,500 more coaches, a bigger force than was marshaled after […]
Bank of England Tells Banks to Negative Interest Rates
The Bank of England has told British banks that they should take whatever steps are necessary to prepare their systems for negative interest rates, opening up a pathway for the […]
Brexit Is Nipping at London’s Role as a Financial Powerhouse
LONDON — For Britain, its exit from the European Union is supposed to be the start of a new era as a “Global Britain,” an open, inviting and far-reaching country. […]