U.K. economy

Pound Rebounds on New UK Chancellor’s First Day but Import-Export Challenges Remain
Pound Rebounds on New UK Chancellor’s First Day but Import-Export Challenges Remain
October 17, 2022  |  emea

Last month, when then-Chancellor of the Exchequer Kwasi Kwarteng announced sweeping tax cuts in the U.K., the currency markets reacted with swift retribution for what...

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UK Sees Biggest Economic Slowdown In Nearly A Decade
UK Sees Biggest Economic Slowdown In Nearly A Decade
November 11, 2019  |  Economy

The U.K. economy ducked a recession but the economy grew at its slowest annual rate since the third quarter in 2010, Reuters reported on Monday...

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Brexit’s Fizzle Of A Timeline
Brexit’s Fizzle Of A Timeline
April 12, 2019  |  Sizzle/Fizzle

In Samuel Beckett’s “Waiting for Godot,” there’s a line that rings a bit true of Brexit: “Nothing happens. Nobody comes, nobody goes. It’s awful.” The...

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Barclays: 5G Could Mean $20B A Year For Economy
Barclays: 5G Could Mean $20B A Year For Economy
April 03, 2019  |  Innovation

The rollout of 5G technology could be a boon to the U.K. economy if a new forecast by Barclays proves true. According to the U.K....

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UK Chancellor Hammond Warns Again About No-Deal Brexit
UK Chancellor Hammond Warns Again About No-Deal Brexit
March 13, 2019  |  Brexit

In a new warning about the U.K. leaving the European Union without a deal, Chancellor of the Exchequer Philip Hammond said people will be worse...

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Brexit A Boon For Blockchain?
Brexit A Boon For Blockchain?
October 31, 2018  |  Brexit

As U.K. gears up to leave the EU, questions arise over cross-border trade and payments. Might technology be a salve? One study from Nexus found that...

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No-Deal Brexit Could Spark UK Economic Recession
No-Deal Brexit Could Spark UK Economic Recession
October 31, 2018  |  Brexit

Great Britain could be headed toward a long recession if it can’t strike a Brexit deal. Credit ratings agency Standard & Poor’s (S&P) warned that failing...

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Late Payments Mean Summer Doldrums For SMB Owners
Late Payments Mean Summer Doldrums For SMB Owners
August 20, 2018  |  B2B Payments

As the temperature goes up, late payments scorches SME owners. Hitachi Capital Business Finance shows that a late payments “epidemic” is underway for those chasing...

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UK Card Services Get A Closer Look From Regulators
UK Card Services Get A Closer Look From Regulators
July 25, 2018  |  Europe

The Payments Systems Regulator (PSR), Britain’s official payment watchdog group, has announced it will be reviewing banks that process card transactions on merchants’ behalf to...

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