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UK Economy Flatlines Again in July, Reports ONS
The economy of the UK did not grow for the second consecutive month, the Office for National Statistics said.
UK Foreign Secretary's Brief Delhi Visit Highlights FTA Discussions
The 51-year-old senior Labour Party MP had last month praised the close relationship and "very special friendship" between India and the UK, citing strong business, cultural, and people-to-people links. This visit follows up on a visit to India in February in his capacity as Shadow Foreign Secretary.
India-UK Trade Pact: Key Issues Await Resolution Post UK General Elections
Additional Secretary L Satya Srinivas from the Department of Commerce assured reporters that the unresolved aspects crucial for finalizing the deal would be tackled once the UK's general elections conclude on July 4.
Sunil Bharti Mittal Honored with Knighthood by King Charles III
Bestowed with the title of Knight Commander of the Most Excellent Order of the British Empire (KBE) by King Charles III, Mittal is recognized "for services to UK and India business relations." The KBE stands as one of the highest honors granted by the British sovereign to civilians, often awarded to foreign nationals in an honorary capacity.
UK Regulator Initiates Antitrust Investigation into $19 Billion Vodafone-Three UK Merger
The merger between Vodafone UK and Three UK, with Vodafone holding a 51% stake and CK Hutchison 49%, is considered a significant consolidation in the UK telecommunications market. The CMA is inviting views on how the merger might impact competition until February 9, and the statutory deadline for the investigation is March 22.
UK Retail Sales in 2023 Hit Lowest Levels Since 2018
The decrease in December was the largest monthly drop since January 2021, impacted by Covid restrictions. Food stores experienced a significant decline, and department stores, clothing shops, and household goods retailers reported sluggish sales, partly due to earlier Black Friday promotions.
UK Chancellor Unveils Significant Tax Reduction Aimed at Boosting Economic Growth
The focal point of this initiative is a reduction in the main rate of National Insurance from 12% to 10% starting January 2024, impacting approximately 27 million British workers.
Report Highlights Exploitation of Migrant Workers Under UK's Employer Sponsorship Scheme
According to the report, thousands of migrant workers are at risk of exploitation due to multiple shortcomings in the Home Office's employer sponsorship scheme.
Talks on UK-India trade deal linger
So far, the UK government has not announced a date and the External Affairs Ministry has not issued any related incoming-visit notice. The Indian media had reported that Sunak’s visit was expected over October 28-29, when the UK-India FTA would likely be signed and that he might watch a live cricket match between England and India.
Britain's economy shrinks more than expected in July
The ONS said the services and construction sectors fell by 0.5 per cent, and production went down by 0.7 per cent.
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