Reeves Asserts UK's Minimal Impact on US Trade Deficit Amid Trump's Concerns
British Chancellor Rachel Reeves clarifies that the UK does not contribute to the US trade deficit, highlighting increased trade during Trump's previous term.
UK News
UK's Industrial Sector Faces Setback: November Sees a 0.4% Drop in Production
The UK's industrial production output saw a 0.4% decline in November, as reported by the Office for National Statistics, signaling potential challenges for the economy.
UK Factory Prices Edge Up: A Slight Rise in December Signals Economic Shifts
The UK's factory gate prices saw a slight increase of 0.1% in December, marking a shift from the previous month's decline. The coke and refined petroleum products sector was the la...
UK Inflation Dips Slightly to 2.5% in December, Defying Analyst Predictions
The UK's annual inflation rate slightly decreased to 2.5% in December, down from 2.6% in November, and below analysts' expectations. This development, reported by the UK Office for...
UK Launches Groundbreaking Investigation into Google's Dominance in Search Services
The UK's Competition and Markets Authority has launched an investigation into Google's search services, focusing on its market dominance and the need for effective competition, wit...
UK Unveils Bold 50-Point Strategy to Dominate Global AI Innovation
British Prime Minister Keir Starmer announces a 50-point strategy to position the UK as a global AI superpower, focusing on simplifying data center construction, expanding public c...
UK's CMA Alerts to High Risks of Bid-Rigging in Procurement Markets
The UK's CMA warns of high risks of bid-rigging in procurement markets, testing a new AI tool to detect irregularities. A new government program aims to simplify bidding and enforc...
UK Factory Output Prices Fall Sharply in November: ONS Data Reveals
The UK's Office for National Statistics reports a 0.6% year-on-year drop in factory output prices for November, driven by significant declines in coke and refined petroleum product...
UK Joins CPTPP: A Game-Changer for Penderyn Distillery and Beyond
The UK's entry into the CPTPP trade bloc promises to lower export tariffs for Penderyn Distillery and other businesses, enhancing trade opportunities in member nations like Malaysi...
UK Approves £5.3 Billion Sale of Royal Mail Owner to Billionaire Investor
The UK has approved the sale of Royal Mail's owner, International Distribution Services, to Daniel Kretinsky for £5.3 billion. The deal, arranged in May, includes a 'golden share' ...
UK Considers Postponing Economic Data Releases to Market Hours
The UK Office for Statistics Regulation is considering postponing the release of sensitive economic data to market hours in London, following feedback from traders. The Bank of Eng...
