uk Archives - The Star Bulletin

Dec

24

2022

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By Fredric M. Wiseman

Brexit has shattered Britain’s economic foundations

Newseconomy, export, inflation, london school of economics, news, uk

Brexit has shattered Britain's economic foundations Two years have passed since the former prime minister Boris Johnson signed his Brexit trade deal , and proclaimed that Britain will become "prosperous, dynamic and contented" when it had completed its exit out of European Union. The Brexit deal will allow UK businesses to "do even more business" with the European Union, according to Johnson and will let Britain free to negotiate trade agreements around the globe while continuing to seamlessly export into the EU market with 450 million customers. In the end, Brexit has hobbled the UK economy, but it's as the…

Dec

22

2022

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By Fredric M. Wiseman

UK economy shrank faster than was initially thought during the third quarter

Newseconomy, inflation, news, uk

UK economy shrank faster than was initially thought during the third quarter The latest figures released by the Office for National Statistics on Thursday showed a grim future of The U.K. economy, which has been shown to have contracted by more than initially predicted between the months of July between July and September. Gross domestic product decreased by an estimated 0.3 percent during the 3rd quarter 2022 in contrast to the expected 0.2 percent decline due to business investment performing less than expected. The growth figures for the first second quarter of 2022 also reduced, with the figures which show…

Dec

17

2022

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By Debbik S.

UK downturn moderates in December but recession begins – PMI

Newseconomy, uk

UK downturn moderates in December but recession begins - PMI The economic downturn that affected the majority of British firms eased a bit this month, but the manufacturing sector struggled and the economy is likely to shrink this quarter, indicating recession, a poll found on Friday. The UK S&P Global Composite PMI, or Purchasing Managers' Index (PMI) increased to 49.0 after 48.2 at the end of November but it was still lower than the 50-point threshold for growth. A Reuters survey of economists predicted a slight decline to 48.0. The dominant service sector was the driver behind all the improvements…

Dec

12

2022

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By Patsy S. Nielsen

The UK economy shrinks by 0.3% in three months from October

Newseconomist, inflation, uk, US

The UK economy shrinks by 0.3% in three months from October. The three-month period October to October saw a decline in Britain's economy, which is proof of the impact that rampant inflation and rising interest rates have on industry and business. The gross domestic product, which is the broadest measure of economic activity, declined by 0.3% over the same period as the three months through July. This was according to the Office for National Statistics Monday. Citizen-science project Vanishing stars opens skies to public This decline occurred despite estimates showing that GDP rose 0.5% in October, following a 0.6% drop…

Nov

16

2022

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By Helen E. Blake

The weak Pound provides US Dollar buyers firepower in London’s top postcodes

News#networth, economy, pound, rishi sunak, u.s dollar, uk, US

The weak Pound provides US Dollar buyers firepower in London's top postcodes - With the UK budget that the government recently released, and its subsequent weakening of the Pound What effect will the economic outlook for the coming months impact how the London housing market? How could this be an incentive in the international market. In September the former Premier Minister of the United Kingdom, Liz Truss and her team, announced the reduction in stamp duty as well as a number of other tax reduction actions with the intention to boost economic growth. The "permanent" reduction in stamp duty was…

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