United Kingdom

UK factories face biggest month-on-month jump in costs since 1992: PMI

This is due to rising oil and gas prices and higher transport costs caused by the Middle East conflict

GfK’s consumer confidence index fell to -21 in March from -19 in February.

UK GfK consumer sentiment drops to 11-month low on Iran war worries

[LONDON] British consumer sentiment weakened to its lowest in nearly a year in March as households fretted about the potential impact of the Iran war on the economy and the possibility of sharp price ...

About half of people polled who thought the UK economy was worsening had cut spending as a consequence.

UK consumer sentiment falls as Iran war rages: KPMG

A quarter surveyed described their financial situation as “insecure”

The BOE has said that it is shifting away from depicting historical figures on its banknotes to showing British wildlife.

An unexpected benefit of UK banknote innovation: Britons eat less cash

The number of damaged notes – especially those that have been ‘chewed or eaten’ – is down substantially

The BOE has been criticised for underestimating the inflation surge after Russia's invasion of Ukraine in 2022.

Bank of England sheds senior staff as 75 get top £150,000 payout

As part of cost-cutting efforts, 8% will depart in the coming months

Perhaps the most striking dimension of Trump’s push is the appeal to China, a country he has spent years framing as a strategic adversary.
THE BOTTOM LINE

The Hormuz gamble: Trump’s coalition dream and its hard realities

Gap between Trump’s claims and silence of the countries he is counting on speaks volumes about limits of pressure-based multilateralism

A JMEV electric vehicle assembly line in China's Jiangxi province. No countries are named as targets of IAA, but its rules are designed to address concerns about China's powerful position in clean-tech supply chains.

Asia anguishes over proposed EU Industrial Accelerator Act

As the EU signals a trade policy pivot, countries like China and Japan mull its effect on competition and business

Revolut has amassed 13 million customers in Britain but has no physical branches since it was founded just over a decade ago.

Revolut gets full UK banking licence after years-long wait

The London-based financial services firm will now take on Britain’s incumbent banks

Britain has been weighing tougher curbs on children’s access to social media, with the government considering barring under 16s from such platforms.

UK watchdogs press Meta, TikTok, Snap and YouTube to block children

ICO fined Reddit nearly £14.5 million (S$24.8 million) last month