United Kingdom

Telegraph: Tras considers reducing UK VAT to 15%

Telegraph: Tras considers reducing UK VAT to 15%

Liz Truss is considering cutting Britain's VAT sales tax by up to 5 percentage points across the board, the Telegraph…

UK: Manufacturing PMI falls sharply in August

The index manufacturing PMI of S&P Global for the United Kingdom has suffered a Sharp pullback in August's preliminary reading,…

UK: Retail Sales Fall 3.4% YoY in July; GBP/USD under pressure

UK retail sales fell 3.4% in its annual reading for July, worsening forecasts for a 3.3% decline. In addition, the…

The ports of Liverpool and Felixstowe are on strike

By Anastasia Vamvaka Hundreds of dock workers at the Port of Liverpool, one of the UK's largest container ports, are…

UK: Annual CPI rises to 10.1% in July, its highest level since 1982

The UK Consumer Price Index (CPI) rose 10.1% in July annual reading, exceeding the 9.8% expected and the 9.4% in…

UK: Jobless claims fall less than expected in July, ILO jobless rate remains at 3.8%

The Unemployment claims in the United Kingdom fell by 10,533 during the month of July, disappointing the expectations of the…

Bloomberg: Conservatives fear UK fallout with Johnson absent, rivals at loggerheads

Boris Johnson's replacement was aimed at letting the UK's ruling Conservatives move on from the chaos and distractions that are…

UK: Tras says no to Scottish referendum

Foreign Secretary Liz Truss has said there won't be another Scottish independence referendum in her day if she wins the…

Sunak 180 degree turn with tax breaks?

The Conservative candidate, who is trailing in the polls among party members, has promised to abolish VAT on electricity bills.…

United Kingdom: Inflation hits new 40-year high in June

UK inflation hit a new 40-year high in June as energy and food prices continued to soar, escalating the country's…