The UK government has kicked off a review to explore raising the state pension age, responding to longer life expectancies and growing financial pressures. Officials emphasize that this move is essential to safeguard the pension system for future generations
Browsing: UK economy
Support from satellite services has soared to an impressive 18% of the UK’s GDP, showcasing the sector’s explosive growth and its rising impact on the national economy, according to SpaceNews. This marks a significant breakthrough in space-driven economic expansion
UK inflation has soared to its highest level since January 2024, intensifying pressure on the Bank of England as it weighs potential rate cuts. Markets are navigating cautiously, with policymakers walking a delicate tightrope between curbing inflation and supporting economic growth
The UK economy contracted for the second consecutive month this May, raising fresh concerns about its growth outlook. Experts warn that ongoing challenges could seriously hinder future progress
The UK’s economy is bracing for far tougher challenges from a 3°C rise in global temperatures than once expected, the Office for Budget Responsibility has revealed, highlighting serious risks to growth and public finances
UK markets plunged dramatically on Thursday, echoing the intense selloff of 2022, as growing concerns over the finance minister’s policies sent shockwaves through investors. Anxiety soared amid rising fears of economic instability and surging market volatility, Reuters reports
The India-UK trade pact is on track to be signed by the end of July, with legal scrubbing currently underway, said the Commerce Secretary. This groundbreaking agreement is poised to turbocharge bilateral trade and strengthen economic ties between the two nations like never before
The UK and US have struck an exciting new tariff deal that slashes duties on cars, steel, and beef. This groundbreaking agreement promises to turbocharge trade and strengthen economic bonds, finally putting an end to years of tariff battles between these longtime allies
U.K. shares edged lower on Tuesday, with the Investing.com United Kingdom 100 index falling 0.47%. Investors stayed on edge, weighing fresh economic data against corporate earnings as they braced for key reports on the horizon
As global uncertainty intensifies, UK Plc’s robust resilience and attractive valuations are drawing keen interest from dealmakers on the hunt for stable investments and unbeatable bargain opportunities, Reuters reports
UK Finance Minister Bridget Phillipson is gearing up to meet China’s Vice Premier during her London visit, aiming to strengthen economic ties and unlock exciting new opportunities in bilateral trade, Reuters reports
UK Chancellor Jeremy Reeves spotlights encouraging signs of economic recovery, but he also acknowledges rising public frustration over soaring inflation and stagnant wage growth-underscoring the tough challenges that lie ahead for government policy
U.K. stocks closed the day on a high, with the Investing.com United Kingdom 100 index rising 0.15% by the end of trading. Investors remained cautiously optimistic, skillfully navigating a mix of mixed economic data and ongoing global uncertainties
The UK has just scored a major victory, narrowly escaping Donald Trump’s proposed 50% tariffs on imported metals. This much-needed relief gives British industries a vital breathing space, securing steady steel and aluminum supplies despite escalating trade tensions
U.K. stocks slipped into the red as the Investing.com United Kingdom 100 index fell 0.63% by the close of trading. Investor sentiment stayed cautious, weighed down by economic worries and persistent global uncertainties
UK inflation rates have skyrocketed, sparking worries about the rising cost of living. Recent data reveals that prices are climbing at an alarming rate, affecting everything from your weekly grocery shop to soaring energy bills. As families prepare for tighter budgets, experts are weighing in on the potential economic fallout.
A revolutionary new battery plant in the UK has just clinched an impressive £1 billion in funding, setting the stage to energize 100,000 electric vehicles! This monumental investment is a game-changer in the country’s journey towards sustainable energy and a brighter future for EV adoption.
UK equities are on the rise, fueled by a remarkable surge in bank stocks thanks to encouraging earnings reports. Investors are keenly watching the unfolding tariff discussions, carefully assessing their potential effects on trade and market stability. Across various sectors, stocks are showcasing a sense of cautious optimism as global tensions continue to simmer.
The UK’s organo-sulphur compounds market is set to experience remarkable growth, with projections indicating it will soar to 279,000 tons and an impressive value of $2.3 billion by 2035, as revealed in a recent report from IndexBox. This surge underscores the increasing demand for these dynamic compounds across a multitude of industries.
The UK’s laundry machine market is on the brink of exciting growth, with projections indicating it will soar to 2.4K units and rake in an impressive $71 million in revenue by 2035, as highlighted in a recent report from IndexBox. This upward trend showcases the evolving preferences of consumers and the impact of cutting-edge technology.