UK Economy

Keen-eyed grocers have noticed Cadbury decreasing its product size while keeping its price-tag the same, inciting backlash from customers demanding transparency from their retailers.

Brits have voted for their favourite and least favourite grocery stores, the results show customers favor quality over affordability.

Investor Sarkis M. believes working from home may cause reduced productivity and negative impacts on local businesses. His post has garnered backlash from workers who have benefited from WFH policies.

UK shoppers are outraged over Herbal Essences reducing the size of their bottles from 400ml to 275ml while maintaining the £2 price, fuelling widespread criticism of shrinkflation practices.

Polling shows Britons place the economy at the top of the list of priorities and the UK government will need to address the public's concerns.

Eastern Europe's economic development hinges on the continued leadership of the private sector, driving progress and prosperity in the region.

The UK space sector could become a driving force in space sustainability as the UK government announced funding and gave contracts to three space companies to develop in-orbit satellite refuelling technology.

According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.

A new AI regulation white paper has called for strict changes AI regulatory framework including supporting UK regulators with £100 million in funding to develop technical systems to monitor AI systems.

The UK government is helping UK businesses across various sectors to make the net zero switch to green energy with a new net zero funding announcement of £190 million to 12 projects.

A new study revealed how the UK hospitality industry can use personal touch coupled with technology like AI and automation to lure UK travellers to rebook the same hotels in the cost-of-living crisis.

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

The total UK retail sales for the month showed a growth of 1.7 per cent, marking a substantial decline from the 6.9 per cent recorded in December 2022.

The UK government has revealed how its Green Recovery Challenge Fund helped add more green jobs and saved hectares of land across the UK through 150 environmental projects.

The latest research from the consumer group Which? unveiled that 9.8 per cent of surveyed households admitted to missing or defaulting on payments for loans, credit cards, housing, or household bills during that period.

Sunak is scrapping free NHS prescriptions that have been a vital lifeline for individuals with chronic conditions, low-income families, and the elderly.

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

The Business Confidence Survey reveals that hospitality leaders in Britain are becoming increasingly optimistic despite the challenge of Brexit business rates and inflation.

The UK government has sought to change the £2.5 billion worth of British arbitration services through an Arbitration Bill, which seeks to modernise the procedure better to resolve legal disputes for businesses.

In a bid to help the economy recover from the financial effects of COVID-19, European authorities have welcomed remote workers through the digital nomad visa.

UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.

HSBC, headquartered in London but primarily focused on the Asian market, announced pre-tax profits of $7.7 billion (£6.4 billion) for the third quarter spanning from July to September.

UK companies across various sectors like finance, logistics and transport can now use satellite data for their benefit as the UK Space Agency is opening it for business use.

As Britain grapples with a cost of living crisis, the deeper fissures in the economy, including inadequate education and training spend, are more evident than ever.

Rachel Reeves was in the limelight in Liverpool, described as the would-be "first female Chancellor ever in Britain", and also the "best qualified".

Britain has set the ball rolling for deregulation with the launch of the Smarter Regulation Programme which will review 90 UK regulators across different sectors for 12 weeks, identifying and scraping unnecessary regulations.

New data has shown the UK economy grew faster than Germany or France since Covid, but analysts are wary of the future, as recent figures show sluggishness.

Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".

A report on the Women's World Cup 2023 consumer spending provides insights on how the Lionesses' World Cup Final tryst will help the UK economy as people head to pubs.

A new report by Santander UK reveals that successful international expansion by UK businesses could create about 1.9 million jobs and boost Glasgow's economy by £735 million.