UK LIFTS BREXIT OBSTACLES
UK election-winner Starmer inherits weak economy with 'no magic wand'
Living standards have stagnated since Conservatives took power in 2010 and Britain's recovery from the COVID pandemic has been the weakest among big rich nations after Germany. Starmer will be under pressure to use Labour's huge majority in parliament to end the sense of decline, from creaking public services and inflation-hit personal finances to a shortage of housing and weak business investment.
Britain's Rishi Sunak struggles with missteps while trying to lift Conservatives ahead of elections
British Prime Minister Rishi Sunak has faced scrutiny over his political instincts during the general election campaign, which started five weeks ago. His actions have not always reflected the seasoned touch of past leaders like Tony Blair or Boris Johnson, evidenced by some notable campaign missteps.
UK's Rishi Sunak offers more tax cuts as election polls refuse to budge
With his Conservative Party consistently about 20 points behind Keir Starmer's opposition Labour in the polls, Sunak made a new appeal on Tuesday to what one Conservative lawmaker described as Britain's carpenters, bricklayers and electricians, by promising further tax cuts if they give him their vote.
Study abroad: US, UK, Canada, Germany, Australia — which is the best country for Indian students in terms of education cost, scholarships, jobs?
Aspiring to pursue higher studies at prestigious universities like Harvard, Cambridge, Stanford, Oxford, MIT, and others is a common goal for many Indian students. However, achieving this aspiration often presents numerous challenges. Before making a final decision about studying abroad at these highly sought-after destinations, it's essential to carefully consider various factors. Let's explore the key considerations for Indian students aiming to study in these top 5 destinations.
UK lifts Brexit obstacles for French students
Britain has lifted costly obstacles on school trips post-Brexit, only for students from France. The move follows talks between Prime Minister Rishi Sunak and French President Emmanuel Macron. French and EU nationals at French schools now need a simple identity card for language-learning holidays. Non-EU nationals still need a passport, but London has removed the need for a £115 visa.
Food price inflation at 19% a real wake-up call for UK: Jan Lambregts
RaboResearch's Jan Lambregts believes that the UK could face another rate hike of 25-50 bps to combat the country's high inflation rate, which hit 8.6% in April 2022. Despite softening energy prices, food inflation remains high, with food and beverage prices rising by 19% YoY, signalling a real wake-up call. While the UK has moved aggressively on interest rates, this has not proved enough, with the fight against inflation moving from goods price inflation to services price inflation, making it much harder to combat.
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Sterling holds gains after rising on UK trade deal with EU
Britain and the EU on Monday announced a new deal for post-Brexit trading arrangements for Northern Ireland, known as the Windsor Framework, which British Prime Minister Rishi Sunak said would pave the way for a new chapter in London's relationship with Brussels.
UK PM Rishi Sunak drafting plans to rebuild ties with the EU
Prime Minister Rishi Sunak has privately asked senior ministers and officials to draw up plans for rebuilding the UK's relations with the European Union after years of acrimony since Brexit.
Indians overtake Chinese as largest group of foreign students in UK
"However, there has also been a large increase in the number of people migrating for a range of other reasons. This includes people arriving for humanitarian protections, such as those coming from Ukraine, as well as for family reasons," she added. "These many factors independent of each other contributing to migration at this time mean it is too early to say whether this picture will be sustained," added Lindop.
Rishi Sunak walks right into a lose-lose immigration policy
Sunak's Home Secretary Suella Braverman threatened to derail trade talks with India when she complained that Indians were the migrant group that most overstayed their visas. She denounced “Guardian-reading, tofu-eating wokerati” as responsible for disruption caused by protestors.
Wall Street fear lingers as UK steps in to calm bonds
Sterling, which hit record lows against the dollar on Monday, whipsawed in volatile trade, while gilt prices roared higher, fuelled by the central bank's commitment to postpone a planned sale aimed at reducing the bonds it bought during the depths of the pandemic.
Recession-bound UK fights inflation with tax cuts
Finance minister Kwasi Kwarteng, fresh from being appointed by new Prime Minister Liz Truss, said caps on soaring energy bills would cost about £60 billion ($68 billion) in the first six months.
New UK finance minister Nadhim Zahawi pledges to boost economy
Zahawi, who took over the Treasury on Tuesday after the resignation of Rishi Sunak in protest against embattled Prime Minister Boris Johnson, said "nothing is off the table". But the former education minister also faced questions about whether he would even have a chance to steer the economy out of its slowdown, given Johnson's weakening grip on power.
Ireland: UK-EU deal on Brexit trade spat unlikely this year
Irish Foreign Minister Simon Coveney said the talks over post-Brexit rules for Northern Ireland, the only part of the U.K. that shares a border with an EU member, had not produced a "breakthrough moment." But neither has there been a breakdown that seemed to loom for months.
UK economic recovery slows sharply on Covid fallout
Gross domestic product output stood at 0.1 percent in the month compared with GDP of 1.0 percent in June, the Office for National Statistics (ONS) said.
UK firms seek staff after lockdown but foreign workers missing, shows survey
Job adverts on Adzuna jumped to 987,800 in the first week of May, up by 18% from the end of March, which was before the reopening of non-essential retailers and hospitality firms for outdoor service on April 12.
Britain and EU look to new chapter as final obstacles to Brexit clear
After both sides have signed, the deal will be in place until the end of February, pending final approval by the European Parliament to make it permanent.
Brexit trade deal sparks relief but UK market will bear scars
Analysts are urging clients to snap up undervalued UK stocks, the worst performing of any major market since 2016 and many say they been buying sterling, which is near 2-1/2-year highs above $1.36.
After European Union, what's next for 'Global Britain'?
Britain formally quit the European Union in January this year but has continued to observe all its rules during a transition period. That half-way house ends at 2300 GMT on December 31. So from 2021, it will stand on its own, for better or worse.
'Sick man of Europe': UK cut off over fears about new COVID strain
France, Germany, Italy, the Netherlands, Austria, Switzerland, Ireland, Belgium, Israel and Canada shut off travel ties after Prime Minister Boris Johnson warned that a highly infectious new strain of the virus was a danger to the country.
Between Brexit and coronavirus, UK togetherness is fraying
England, Scotland and Wales have been joined since 1707 with Northern Ireland added in 1921 -- four parts of a single country -- but since the late 1990s each has won more devolved powers, including over healthcare.
This UK bond trend is seen powering ahead, Brexit deal or not
The yield gap between two and 10-year government bonds is already headed for its first annual increase since 2013 due to the damage inflicted by the coronavirus pandemic, rising six basis points to 33.
EU says EU-UK trade talks face 'last attempt' to fix fish
Michel Barnier told the EU parliament he "can't say what will come out during this home straight of the negotiations," which have already come a long way in nine months of talks. He called it "a very serious and somber situation" with the jobs of hundreds of thousands of people at stake.
With a month until split, Brexit trade deal hangs in balance
The biggest hurdle appears to be fish, a small part of the economy with an outsized symbolic importance for Europe's maritime nations. EU countries want their boats to be able to keep fishing in British waters, while the U.K. insists it must control access and quotas.
UK says Brexit trade talks with EU are in their 'last week'
As talks continued between the two sides in London, Foreign Secretary Dominic Raab said "I think we are into the last week or so of substantive negotiations."
UK, EU resume crunch Brexit talks in London
Britain and the European Union resumed crucial negotiations in London on Monday for a post-Brexit free trade deal, with time running short and both sides saying major obstacles remain.
Deal activity lifts Europe with focus on Brexit
The EU is ramping up preparations for a tumultuous end to the four-year Brexit saga as top officials prepared to brief its 27 members on British Prime Minister Boris Johnson's plan to break the divorce treaty.
UK recovery continues but way to go to recoup virus losses; faces risks related to Brexit
The Office for National Statistics said the British economy grew by a monthly rate of 6.6% as many sectors started reopening after months of being idle during the lockdown. The hospitality sector, which includes, hotels, pubs and restaurants, reopened at the start of July, for example.
Blink or no Brexit deal, both UK and EU tell each other
The United Kingdom left the European Union on Jan. 31 but the main terms of its membership remain in place for a transition period until the end of this year, giving it time to negotiate a free trade deal with the bloc.
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