The UK economy grew marginally in February, with economists expecting more difficulties in the future, as the effects of the war in Ukraine fuel a high rate of inflation. The economy grew at a rate of 0.1% in February compared to the previous month, according to the statistical service ONS, slightly lower than the growth […]
Tag: United Kingdom
Toyota is reviewing car production in the United Kingdom
Toyota, the world’s largest carmaker, has warned UK Transport Secretary Grand Saps that it could cut car production in Britain after 30 years unless the government weakens its “green” policies that require a speedy transition. in purely electric vehicles, reports “The Times”. The threat to the future of the 3,000 jobs at the Bernaston plant […]
UK: Alleged attacks on civilians in Ukraine to be investigated as ‘war crimes’
Allegations of attacks on civilians during Russia’s invasion of Ukraine should be investigated as war crimes, said British Foreign Secretary Liz Truss, adding that the United Kingdom would fully support any such move by the International Criminal Court, according to the International Criminal Court. Reuters. “As Russian troops are forced to retreat, we are seeing […]
Bloomberg: Releases strategic stocks and the UK
The United Kingdom will follow the US and release more oil from its reserves, in a joint effort to reduce prices and dependence on Russia, according to sources in Bloomberg. An announcement is possible through the IEA, according to one of the sources, who, however, did not provide details on the size of the release […]
At 2009 levels the initial public offering in the UK
Initial public offerings in the UK have started at a slower pace since the global financial crisis, as volatile markets and poor stock market performance have dampened investors’ appetite. IPOs in the UK stood at around $ 530 million this year, the worst first quarter since 2009, according to data compiled by Bloomberg. Only two […]
Retail sales unexpectedly fall 0.3% in February vs. 0.6% expected
UK Retail Sales fell -0.3% MoM in February, a negative surprise. Core retail sales fall 0.7% in February in the UK. GBP/USD gives back some of the early gains and pulls back towards 1.3200 after disappointing UK data. UK Retail Sales fell -0.3% MoM in February vs. 0.6% increase expected and from 1.9% previously. Core […]
Manufacturing PMI falls to 55.5 points in March vs. 56.7 expected
Business activity in the UK manufacturing sector lost momentum in early March. GBP/USD continues to push lower towards 1.3150 after the data. The UK manufacturing PMI decreased to 55.5 points in early March from the 58 seen in February, data released jointly by S&P Global and CIPS showed on Thursday. This digit did not meet […]
It is confirmed that the tax on fuels will be reduced by 0.05 GBP per liter
In his spring statement, UK Finance Minister Rishi Sunak has confirmed on Wednesday that fuel taxes in the UK would be reduced by £0.05 per liter as expected. the cutout will be maintained until March 2023 and will take effect from 18:00GMT on Wednesday. I know estimates that the tax relief is around 5,000 million […]
US and UK reach agreement to eliminate tariffs on British steel and aluminum
US Commerce Secretary Gina Raimondo announced late Tuesday that The United States has reached an agreement with the United Kingdom to end tariffs on British steel and aluminum. “By allowing duty-free flow of steel and aluminum from the UK, we further reduce the gap between supply and demand for these products in the United StatesRaimondo […]
The sanctions will push Russia towards an economic catastrophe
Western sanctions imposed on Russian energy imports could have a “catastrophic and lasting” effect if fully implemented, while the existing restrictions imposed on the Russian central bank are particularly effectivehas shown on Wednesday a report on these measures of the Treasury Interparty Committee. Key comments “Russia is facing so much a significant blow to the […]
