A commissioned report revealed that the hard Brexit would bring significant damage to the wealth-creating and manufacturing sectors of the UK economy. MPs supporting the continued membership in the single market are set to present the findings of the study in an Open Britain event.
Breaking News
British Prime Minister Theresa May is to invest more on science and technology.
Just as the Britain arranges its exit from EU, United Kingdom’s newest financial watchdog guides into a new age of banks and insurance companies’ oversight.
Brexit is expected to impact Britain's economy in a more negative way. If UK gets out of European Union (EU), it would generate $700 million (GBP 500million) gas and power bills additionally per annum. Energy Secretary Amber Rudd has cautioned that Britain's energy security at risk in the wake of Brexit.
German discount retailer Aldi will hire 700 apprentices this year, twice of its recruitment in in 2015. Aldi has set a target of 1,000 stores in the UK by 2022.
Boeing has chosen London as its home for new European headquarters. Boeing's decision came soon after a joint pronouncement of a host of businessmen in favor of Britain staying in Europe.
UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.
Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.
Amidst a growing threat from Islamic State terrorism, Britain strengthen its defense by spending more budget on defense and security. According to CNN, Britain will beef up its security by purchasing nine new Boeing P8 maritime patrol aircraft for surveillance and anti-submarine warfare,with additional spending of £12 billion ($18 billion).
There are unbelievably weird jobs popping up in Britain that pays a ridiculously high amount of money. According to Unum, looking for the right candidates for these particular jobs may take time since they require more specific skills compared to other typical work. One example is the tea taster, which requires the applicant to be good at identifying the different ingredients in a cup of tea.
Britain has unveiled new surveillance law plans that will allow the police and security services to access the records of internet activity of everyone in the country without any judicial check. The new surveillance powers aimed to keep the country safe.
Hacked TalkTalk customers' bank details are now up for sale for just over a £1 each in black market websites. Express reported that the details emerged online Sunday.
Four great crises around Europe's fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.
U.S. officials will press their Chinese counterparts on currency policy at high-level talks next week, and have not taken off the table the possibility that the United States may one day join a China-led infrastructure bank, a senior U.S. Treasury official said.
HSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.
