Britain on Wednesday told Apple and Google to be fairer in how they distribute apps on their mobile platforms, setting out possible interventions as it plans to designate the U.S. tech companies with strategic market status over their duopoly. The country’s competition regulator, which was given a wider remit this year to take on Big […]
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Bank of England logo is seen in this illustration. While economists expected prices to drop rapidly later this year, inflation is more than five times higher than the Bank of England’s 2% target. | Photo Credit: Reuters Britain’s inflation rate rose for the first time in four months in February, surprising analysts and increasing pressure […]
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The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced its […]
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Why did the new Prime Minister’s policies on tax cuts for the highest earners turn out to be controversial and lead to a free fall in the economy? Is the Conservative party planning to oust her and replace her with the Sunak-Mordaunt duo? What lies ahead? Why did the new Prime Minister’s policies on tax […]
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The latest downward revision makes it greater than Spain’s, which recorded a 10.8% fall in output The latest downward revision makes it greater than Spain’s, which recorded a 10.8% fall in output Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, […]
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