UK current account deficit rose to £96.2bn in 2015
The UK’s current account deficit rose to a record high of £32.7 billion in the three months to December 2015, according to the Office...
Tata Steel is selling its UK steel business, 15,000 jobs at risk
Tata Steel, the second largest steelmaker in Europe, has decided to sell its British steel plants amid high costs and Chinese competition, putting thousands...
Bank of England warns of economic instability linked to the EU referendum
The Bank of England warned that the EU referendum is a risk to the UK’s economic stability and carries the risk of a credit...
Millions of UK workers will see a cut in take-home pay next month
Over six million workers in Britain will see a reduction in take-home pay after the new flat-rate state pension goes into effect next month....
Brexit supporters list of business people falls apart after complaints
Brexit campaigners have been forced into a humiliating apology after some people in their 250 list of business leaders allegedly supporting leaving the European...
Al Jazeera Media Network laying off 500 employees worldwide
Al Jazeera Media Network, the Qatar-based multinational multimedia conglomerate, announced that it is laying off 500 employees worldwide.
Mostefa Souag, acting director general of the...
250 UK business leaders are backing the ‘Brexit’ campaign
The Vote Leave group revealed on Saturday that 250 business leaders are backing the campaign for the UK to leave the European Union (EU).
Notable...
Kingfisher posts 0.3% rise in adjusted pre-tax annual profits
London-based multinational retailer Kingfisher reported a 0.3 percent rise in annual profits after shutting 30 of its B&Q stores - beating expectations and sending...
BHS landlords and creditors agree to major rent cut plan
Landlords of BHS stores have been persuaded by the retailer to accept a new restructuring plan which will significantly cut the company’s rental bill.
BHS...
Average property price in England passes £300,000 for the first time
UK house prices rose 1.3 percent in March, with the average price of a home in England and Wales passing £300,000 for the first...