Recession In Britain

• 

  UK Economy In Recession In Second Half Of 2023

  Britain sank into recession at the end of last year on high inflation and a cost-of-living crisis, dealing a blow to Prime Minister Rishi Sunak before this year's election.

• 

  Strikes-Hit UK Pledges 94 Billion Euros In Cost-Of-Living Budget

  Britain on Wednesday said its cost-of-living support for this year and next would total 94 billion Euros ($114 billion), as it forecast the UK to stay out of recession with inflation slowing sharply.

• 

  U.S. Recession Fears Darken Outlook For Global Growth

  Gauges of factory activity released Thursday in Japan, Britain, the eurozone, and the United States all softened in June.

• 

  Jeans, Sportswear Not Appropriate For Parliament: UK House Speaker To MPs

  Britain's members of Parliament will return to the House of Commons on Monday at the end of their summer recess and have been issued a warning note by the Speaker to dress appropriately in "business attire".

• 

  Won't Be Able To Protect Every Single Job: Rishi Sunak Warns Of Recession

  UK Finance Minister Rishi Sunak on Thursday reiterated his previous warnings that he would not be able to save every job and that the UK is headed towards a "significant recession" hit by the COVID-19 pandemic lockdown.

• 

  UK's Incoming PM Boris Johnson May Inherit Economy Heading For Slowdown

  Britain's incoming Prime Minister Boris Johnson will inherit an economy that could be heading for a slowdown or even a recession, weakening his hand in the battles ahead as the country prepares to leave the European Union.

• 

  Opinion: Congrats, Britain, You've Likely Voted For A Recession

  The British voters voted, by a margin of 52% to 48%, for the exit from the EU, referred to as Brexit. Thanks to the referendum, we will be witnessing the unique phenomenon of an electorally engineered recession in a major economy.

• 

  'Leave EU, Face Recession': George Osborne's Warning For Britain

  George Osborne, the man in charge of UK's exchequer, is seeking divine intervention at London's famed Swami Narayan Mandir. The Chancellor of exchequer told NDTV that an exit from the European Union could mean an 'economic shock, a recession for Britain'.

• 

  Leaving EU Is "Self-Destruct Option" For Economy, Jobs: British PM David Cameron

  Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a finance ministry report warning of recession, a tumble in the pound, and half a million job losses.

• British-Asian billionaires double in past year

  Britain's Asian entrepreneurs have defied the recession with some becoming billionaires from millionaires, according to a latest report on some of the country's richest businessmen.

• 

  British recession storm clouds darken on eve of Olympics

  Britain's economy shrank by a worse-than-expected amount in the second quarter, official data showed on Wednesday, as recession tightened its grip on the eve of the London Olympics.

• A Royal Wedding In The Time Of Recession

  Friday's Royal wedding has caught the imagination of many people across the world, but not everyone in Britain is so enthused.

• Britain details radical cuts in spending, citing debt

  Seeking to free itself of crushing debt, the British government unveiled the country's steepest public spending cuts in decades on Wednesday, sharply reducing welfare benefits, raising the retirement age earlier than planned and eliminating almost half a million public sector jobs over the next four years. "Today is the day when Britain steps back ...

• UK women carry 57 pound-worth cosmetics

  A survey in Britain has revealed that a British woman carries an average of 57 pound-worth of cosmetics in her purse.