Category: British
-
Labour scraps plan for ‘British Isa’ aimed at boosting UK stock investment
•
The Labour government is expected to abandon plans to create a “Britain Savings Account”, a scheme initially proposed by the previous Conservative administration to encourage investment in British shares. The move comes amid concerns that the initiative could complicate the individual savings account market rather than effectively support UK stocks.…
-
UK data – British Retail Consortium (BRC) total sales in August, the strongest since March
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
British steel to cut 2,500 jobs despite £600m taxpayer-funded green initiative
•
British Steel is set to close its blast furnaces in Scunthorpe by the end of the year, putting 2,500 jobs at risk. The move comes as the Chinese-owned company seeks to accelerate its transition to green steel production, despite receiving £600m in taxpayer support. The company is in talks with…
-
British holidaymakers to face €7 EU visa waiver by next summer
•
British tourists planning trips to Europe will soon have to budget for a €7 visa waiver as the EU prepares to introduce the European Travel Information and Authorisation System (ETIAS) by the middle of next year. The EU confirmed that the scheme, which applies to more than 60 countries outside…
-
Pound ticks up after British GDP data, euro holds above $1.10 By Reuters
•
Written by Ankur Banerjee SINGAPORE (Reuters) – Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing U.S. inflation that boosted expectations for a Federal Reserve interest rate…
-
British Steel nears £600m Government bailout as Labour signals intent to break deadlock
•
The UK government is close to approving a £600m bailout for British Steel, with the money set to be used to secure the future of the company’s Scunthorpe plant. The move comes as Labour has shown renewed determination to resolve long-standing issues with Chinese company Jinji, owner of British Steel,…
-
Black British Business Awards announce 2024 finalists
•
The finalists for the 2024 Black British Business Awards have been announced ahead of the ceremony in October. The BBBAwards return for an eleventh year to celebrate the outstanding achievements of black professionals and business people in the UK. Winners across six industry categories will be revealed at a ceremony…
-
Chinese Carmakers Try to Win Over British Racing Fans
•
Breadcrumbs Path Links PMN Business Every summer, more than 200,000 car enthusiasts make the pilgrimage to Britain’s Goodwood Festival of Speed near the south coast to watch fast cars roar through clouds of smoke. Article author: Bloomberg News Jimmy Nemo Published on July 11, 2024 • Read for 3 minutes…
-
UBS optimistic on British pound, sets EUR/GBP target at 0.8400 By Investing.com
•
UBS has expressed a bullish outlook for the pound, citing recent comments from new UK Chancellor Rachel Reeves on the government’s growth agenda. Reeves stressed the limited scope of government spending, indicating that the administration will focus on supply-side reforms to stimulate investment and growth. UBS noted that despite similar…
-
Saudi Arabia Attracts British Lawyers with Lavish Perks and High Salaries
•
Crown Prince Mohammed bin Salman is luring British lawyers to work on mega projects in Saudi Arabia with luxury benefits, including free housing and private school fees for their children. These concessions are part of a broader strategy to attract the best talent to help achieve the Crown Prince’s Vision…
-
British Businesses Face £42bn Debt Crisis Post Ultra-Low Rates Era
•
UK businesses are bracing for a debt crisis as higher interest rates are expected to cost an extra £41.7bn by the end of the decade. As cheap loans expire, borrowing costs are expected to rise, significantly impacting the economy. According to consultancy Baringa, companies will face an average annual increase…
-
British ISA Plans in Limbo Following Sunak’s Election Call
•
The government’s major initiatives to reform the city, including the launch of the UK ISA and the Pisces private market, are facing uncertainty following Prime Minister Rishi Sunak’s decision to hold a snap election in July. Over the past two years, ministers have sought major changes to city policy, but…
-
British AI pioneers share £1 million in prizes as government unveils inaugural Manchester Prize finalists
•
Ten teams from across the country have been selected as finalists for the inaugural Manchester Prize, a prestigious challenge award that rewards achievements in artificial intelligence for the common good. The Prime Minister announced this as the AI Summit takes place in Seoul today, and the finalists will each receive…
-
British AI pioneers share £1 million in prizes as government unveils inaugural Manchester Prize finalists
•
Ten teams from across the country have been selected as finalists for the inaugural Manchester Prize, a prestigious challenge award that rewards achievements in artificial intelligence for the common good. The Prime Minister announced this as the AI Summit takes place in Seoul today, and the finalists will each receive…
-
I can’t think of any government which has done more to stop British food production
•
Nigel Farage said he could not think of any government in recent times that has done more to destroy British food production. Talking to GB News Nigel Farage said: “In Downing Street this morning, there was a gathering, it seemed, of all the great and good of British agriculture and…