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 […]
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Back to news homeStagflation and Recession Warnings Plague U.K. Businesses
In the struggle against soaring prices, Sean Hughes has been willing to try anything to keep costs down at his gastropub, Dylans at The Kings Arms. That includes adding some […]
U.K. Announces Windfall Tax on Oil and Gas Profits
LONDON — The British government said it would use a windfall profits tax on oil and gas companies to help raise funds for direct payments to households, totaling about 15 […]
The Era of Borderless Data Is Ending
Every time we send an email, tap an Instagram ad or swipe our credit cards, we create a piece of digital data.The information pings around the world at the speed […]
The Cost of Living in the U.K. Imperils Vulnerable Britons
CLACTON-ON-SEA, England — The bills are mounting for Maureen Hart, a former librarian living on a fixed income after hip and back pain from a fall forced her into an […]
How the Recoil From Russian Gas Is Scrambling World Markets
Mr. Di Odoardo figures that L.N.G. flows from the United States to Europe have already reached two-thirds of the bilateral target for this year, and so reaching it should be […]
Streaming Companies Eye Britain for Studios to Meet Demand
LIVERPOOL, England — For two decades, the Littlewoods building in Liverpool, a long, low-slung and cavernous space built to house a betting and mail-order company in the 1930s, sat abandoned. […]
Global Banks Poised for Turmoil as West Hits Russia With Sanctions
Global banks are bracing for the ripple effects of harsh new financial and economic sanctions against Russia intended to hobble its economy and restrict its access to foreign capital.On Tuesday, […]
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 […]
Brexit Import Rules Begin to Squeeze British Food Importers
LONDON — In a warehouse tucked under two railway arches in southeast London is a treasure trove of Greek delicacies, including barrel-aged feta, fresh oregano, Cretan olive oil and cases […]