ECONOMY

The UK plans to overhaul its 30-year-old product safety laws to adapt to emerging technologies and e-commerce, benefiting businesses and consumers.

Department for Business and Trade indefinitely extends CE marking, easing business burdens and promoting growth, while ensuring flexibility for UK businesses.

London businesses have shown resilience amidst cost constraints and inflation, with domestic sales increasing in the second quarter of 2023.

The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.

This significant event comes in the wake of a burgeoning trade partnership as both countries seek to expand their economic horizons.

The UK has struggled to recover from Brexit but promises new trade routes on the horizon. Will it deliver? Discover here.

British Ambassador advocates for a stronger, reformed multilateral system to address global challenges, emphasising inclusivity and collaboration.

The UK government's Flexible Working Bill goes into Royal Assent fulfilling the first step towards building a strong labour market and increasing UK productivity.

A recent report has highlighted how people 50 years of age and above are living on credit to make ends meet due to the cost-of-living crisis fueled by high inflation and energy bills.

Prime Minister Rishi Sunak has appointed a new business council that brings the chief executives of major companies into the heart of government to help boost the British economy.

The Competition and Markets Authority has found that the proposed Adobe-Figma merger could have potentially negative effects on the UK digital economy.

UK outperformed other G7 nations' export growth in April with a 5.86 per cent increase to over $38 billion, surpassing Japan's 2.52 per cent gain, according to ParcelHero.

During the COVID-19 pandemic, Celsa secured a £30 million COVID emergency loan for their facility in Cardiff which saved 1500 pre-existing jobs directly and created 300 jobs indirectly.

A recent ranking shows Britain's global competitiveness dropping for the second year in a row, as business executives lose confidence in the country.

New statistics on foreign direct investment into the British economy show that investors are 'looking beyond London and the South East' according to Investment Minister Lord Johnson.

More than 11 million people in the UK faced hunger in the past year, according to research conducted by the food bank charity Trussell Trust.

Rising costs, affordability concerns, and economic uncertainty impact the housing market, with interest rates now standing at five per cent in the UK, the highest level since April 2008.

Bangladesh has achieved an extraordinary feat as the government successfully delivers electricity to every household.

According to a recent report, the majority of businesses lack initiatives to attract older workers back into the workforce, despite government efforts.

Utah will become the latest American state to agree to a trade pact with Britain as collaboration is set to commence in areas including fin-tech and aerospace.

Climate and economic experts are pointing out that the systemic global and local problems behind sticky food inflation need more than just monetary approaches.

A recent report describes this phenomenon of people postponing their retirement plans as "the great un-retirement", given the number of people out of the labour market has reduced compared to last year.

A new survey from PwC has shone a light on the current workforce in Britain and worldwide regarding key matters such as job satisfaction and AI.

The announcement lists financing plans like £5 million in funding for gaming studios through the UK gaming fund and £77 million for setting up advanced screens and performance technology research labs.

British tech firms are set to pitch to Asia Pacific investors at the London Tech Week, demonstrating Britain's global role as a centre for technological innovation.

Following the failure of the Silicon Valley Bank (SVB) and Credit Suisse earlier this year, new research has revealed concerns among investors.

Vacancy growth is at its lowest since early 2021, but employers still cannot find qualified staff – especially as wage growth continues, albeit more slowly.

Britain's economic and business pact with the US will be brought up during Minister David Rutley's trip to three states across Midwest America.

The report titled "Health For All: Transforming Economies To Deliver What Matters" is the first time such a report highlighting healthcare ideas and initiatives for governments and the private sector has been made available.