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New British law could be major boost in womens’ fight to close gender pay gap
A new British law is coming into force that could provide a significant boost for those campaigning for more gender pay equality. Thousands of UK employers are now obliged to record the figures for their workforce’s pay, showing the...
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Barclays boss reprimanded over whistleblower probe
British financial regulators have said they are investigating Barclays Chief Executive Jes Staley and the bank itself over a whistleblowing incident. The UK-based bank revealed that Staley had twice tried to identify an employee who had...
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UK inflation holds steady in March
Inflation in Britain was unchanged in March – but it was still up 2.3 percent compared to a year ago. Food prices rose by an annual 1.2 percent last month, their biggest increase in three years. Inflation would have been stronger but for...
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UK wages growth losing out to inflation
Figures released on Wednesday show that British workers’ pay growth is barely keeping up with inflation. Earnings rose by an annual 2.3 percent in the three month period to February. On Tuesday we had learned that consumer price...
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U.K. officially begins exit from European Union
PM Theresa May announces start of Brexit in British parliament
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UK kicks off divorce from EU
It is official – Britain has kicked off divorce proceedings, to leave the European Union. Sir Tim Barrow, the UK’s permanent representative to the European Union has handed over a letter to European Council President Donald Tusk,...
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Brexit talks set to be ‘complex and messy’
With the UK firing the starting gun for Brexit talks, one analyst is warning the negotiations will be “complex and messy.” Stefan Lehne, from Carnegie Europe, also says remaining EU members will want to see Britain “pay the price” for...
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UK exports and factory growth rise
UK exports rose quickly towards the end of 2016 and early in 2017 according to the latest government figures. Goods’ exports were up 1.6 percent in January, the fourth straight month they have increased. The Office for National...
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Ed Sheeran multiplies chart domination with “÷”
British singer-songwriter Ed Sheeran capped off a chartbusting week with a place in the record books, as his new album became the fastest selling by a male solo artist in the UK. Divide sold 672,000 copies in its first week, making it...
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UK jobless rate falls but wage growth weakens again
The unemployment rate in the UK has fallen again. In the three months to January, the jobless total was just 4.7 percent of the workforce, down from 5.1 percent for the same period a year earlier. There were 31.85 million people in work,...
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Eurostar sees signs of recovery after tough 2016
Eurostar has said it is seeing signs of recovery after a tough 2016. The high-speed Channel Tunnel train service suffered an operating loss of 28 million euros last year as passenger numbers dropped following the terror attacks in Paris...
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German Finance Minister Schaeuble backs London as strong financial centre
Germany’s Finance Minister is backing Britain. Wolfgang Schaeuble told a conference in Frankfurt that it is in the European Union’s best interest that London remains a strong financial centre after Britain leaves the bloc. He said moving...
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UK inflation at 2.3 percent means dilemma for Bank of England policymakers
Inflation in Britain surged again last month. Consumer prices were up by a stronger-than-expected 2.3 percent thanks to more expensive fuel and food. That was up from the previous month’s 1.8 percent and above the 2.0 percent target of...
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Brexit adds to woes of crisis hit UK curry restaurants
Britain is suffering a curry crisis, with an average of two curry restaurants a week closing. Along with rising rents and more expensive food, a lack of chefs is a big part of the problem as the younger generations of family owned...
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Trade talks
Andrew Percy of the U.K. Parliament on trade ties between Canada and the U.K.
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UK shopping slowdown signals weaker growth
There was mixed news for Britain’s economy as the Organisation for Economic Co-operation and Development revised up its forecast for UK growth for this year but was gloomier about next year. It believes rising inflation will mean British...
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Britain sets Brexit budget course
Britain’s finance minister Philip Hammond has revealed how the UK’s economy is likely to feel the impact of the vote to leave the European Union in the coming years. In his budget speech to parliament he spelt out the government’s plans...
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EU’s Oettinger warns of Brexit-shaped Brussels budget hold
Richer countries will have to cough up more cash when Britain leaves the EU, according to a top German politician. Günther Oettinger, the European budget commissioner, told Handelsblatt that net contributors, such as Germany, will need...
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Eurozone factory growth hits six-year high in February, France lags
Eurozone manufacturing growth accelerated to a six-year high in February. However, the latest surveys of purchasing managers at 3,000 companies showed that was not shared by all major economies. France was a laggard with manufacturing...
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Trauma in art by Yayoi Kusama and Louise Bourgeois
Two iconic female artists and how they turned their traumas in to art can be seen in an exhibition in London. One is known for her “Polka Dots” art, Japanese artist Yayoi Kusama. The other is French American artist Louise Bourgeois,...
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Uber in London to appeal driver “literacy” ruling
The online taxi service Uber says it will appeal after losing a court battle in London. The app service was attempting to stop transport regulators from forcing private drivers to prove the level of their reading and writing skills in...
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UK economic momentum fading business surveys suggest
Britain’s unexpectedly strong economic growth since last June’s vote to leave the European Union may be starting to fade as inflation picks up. A major survey of businesses by the financial data provider Markit has found slowing consumer...
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Ocado develops robotic hand to pick groceries for customers’ orders
A UK-based online grocery retailer is developing a robotic hand that could one day pick fruit and vegetables for customers’ orders. It has been developed by the technology team at UK-based online grocery retailer Ocado and is a result of...
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Brexit linked inflation deters Britons from spending
The effects of the Brexit vote seem to be starting to make British consumers more cautious. New figures show there was a cut back in spending at the beginning of the year as inflation picked up and prices rose. Shoppers have driven a...