UK economy

The UK’s economy has officially entered a recession, raising concerns for Prime Minister Rishi Sunak as he prepares for an upcoming election. What Happened: The Office for National Statistics confirmed that the UK’s economy experienced a slight recession in the last year. The gross...

The 13th resignation from Theresa May's government has added to her administration's woes on the eve of the meaningful Brexit vote that will take place tomorrow. May said that if the House of Commons rejects her deal then it will increase the chances of no Brexit. Assistant whip Gareth...

In January 2013, the European competition commission, the European Union's antitrust arm, came out against UPS Inc.'s (NYSE: UPS) US$6.8 billion offer to buy struggling Dutch delivery firm TNT Express. Almost immediately, an angry and frustrated UPS, which complained it was never told...

The British people voted in late June of this year to officially withdraw membership from the European Union. Opponents of the move, dubbed the "stay campaign," argued that leaving the union would create immediate economic hardships. The country's latest GDP figures don't...

The people of Britain were told if they voted to leave the European Union, doom and gloom would be brought to their economy. Now 100 days have passed since the infamous vote dubbed "Brexit" took place, and many are wondering where the economic collapse is. As noted by CNN Money, government...

Many investors brushed off initial Brexit-related concerns following the country's vote in late June to leave the European Union. However, some of the first economic data points out of the United Kingdom may confirm the concerns are real. The Bank of England said last week the central bank...

The British pound was trading lower by more than 1 percent early Friday morning at $1.3096 U.S. dollars, as the country saw a "dramatic deterioration" in its economy. Markit Economics reported on Friday that the U.K. economy contracted at its steepest pace since early 2009. The market...