Tag: UK Economy

Liz Truss Is Not to Blame for the UK Market Turmoil

October 17, 2022
market crashOpinionPrime Minister Liz TrussUK EconomyViewpoints
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Commentary We live in strange times. The same people that vehemently defended massive deficit spending and money printing as the solution to the global economy now blame the turmoil of the UK bond and currency markets on a deficit-increasing budget. I find it astonishing that not one of the so-called experts who have immediately placed…

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Lloyds Offers Extra Support to 2 Million Customers as Cost Rises Hit Hard

July 14, 2022
Business & MarketsCompaniesdebtseconomyinflationLloyds Banking GroupmortgageUKUK EconomyWorld
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LONDON—Britain’s biggest domestic lender Lloyds Banking Group contacted 2 million of its 26 million customers in May after identifying they could need extra support to cope with soaring food and energy prices and rising debt costs. The UK’s largest mortgage provider outlined options including debt consolidation, household budget reviews, and spending control tools to customers…

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UK Sanctions on Cheap Steel Imports From China Are Under Review

January 25, 2022
Business & EconomyChinaChina Business & Economychinese steelcommoditieseconomic policiesMarketsUKUK EconomyUncategorizedWorld
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The UK Trade Remedies Authority (TRA) announced on Jan. 25 that it has initiated a review into whether Britain should drop anti-dumping sanctions against steel producers from China. The new post-Brexit trade agency is set to investigate whether the imports of cheap heavy steel plate from China did harm to UK industry, and whether it would…

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Services Sector Reaches Pre-Pandemic Levels Despite GDP Slowdown

December 10, 2021
pre-pandemicUKUK EconomyWorld
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The UK’s all-important services sector has finally bounced back to where it was nearly two years ago before the pandemic hit, an official estimate has shown. While the rate of economic growth slowed down in October, the services sector, which includes everything from restaurants to accountants, managed to reach its February 2020 levels again for…

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