UK Archives

A picture depicting a decline in currency, recession

How UK narrowly escaped recession in 2022 – Report

The economy of the United Kingdom narrowly escaped recession at the last quarter of 2022. This was reported by Reuters according to the figures from the Office for National Statistics that was disclosed on Friday. The figures showed zero growth from October to December, 2022. It managed to escape the technical definition of recession. Reuters […]

oojopdnlimited-com
10th February 2023
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98 Views

Business

UK health workers commence historic strike over pay

The United Kingdom’s health workers have commenced their largest strike on Monday over pay. Tens of thousands of nurses and ambulance workers have marched to experience their greiviances over low pay, putting pressure on the National Health Service run by the state government. It was reported that the two categories of health workers, the nurses […]

oojopdnlimited-com
6th February 2023
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160 Views

UK predicts rapid fall in inflation rate

The Bank of England Governor, Andrew Bailey, has said that there would be a likely rapid fall in inflation this year as the prices of energy declines. While he spoke to Media Wales, Mr Andrew said that the recently experienced ease of inflation could be a positive sign that “a corner has been turned”. The […]

jonuorahpdnlimited-com
20th January 2023
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129 Views

Pollution: Shell to pay Nigerian farmers €15m compensation

News

Shell to pay first tax in UK since 2017

Following significant global gains last year, Shell has announced that it will pay taxes in the UK for the first time since 2017. In the last three months of the year, the energy company predicted that profits in the UK and the EU would “take a knock” of about $2 billion (£1.7 billion). In order […]

oamudipepdnlimited-com
7th January 2023
1 Comment
164 Views

Aviation

UK passport control staff strike at airports

Military personnel stood in for passport control staff at UK airports on Friday as Border Force officers walked out in an escalating wave of public sector strikes over pay. Around a quarter of a million passengers were due to arrive at the six affected airports on Friday ahead of the busy Christmas holiday weekend. But […]

agencyreport
23rd December 2022
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173 Views

Business

Nigeria: UK to fund women-owned businesses with $100m

The British High Commissioner to Nigeria, Ms Catriona Laing, Wednesday said the United Kingdom government has launched a $100 million program through the First Bank of Nigeria as direct funding to women-owned enterprises in Nigeria. Laing made this known at the ongoing Gender and Inclusion summit organised by the Policy Innovation Center, an initiative of […]

agencyreport
16th November 2022
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144 Views

Economy

UK economy shrinks by 0.2%, recession looms

The United Kingdom appears to be heading into recession after the latest official figures showed the economy shrank between July and September. BBC reported that the economy contracted by 0.2% between July and September as soaring prices hit businesses and households nationwide. A recession is a significant, widespread, and prolonged downturn in economic […]

aadelekepdnlimited-com
11th November 2022
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163 Views

Economy

Queen’s funeral to affect UK economy after rebound

The UK’s recession-threatened economy rebounded in July, data showed Monday, but is set to receive a further hit from a public holiday marking next week’s funeral of Queen Elizabeth II. British gross domestic product expanded 0.2 percent after a drop of 0.6 percent in June, the Office for National Statistics said in a statement. June’s […]

enitan
12th September 2022
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178 Views

Auction abandoned containers at seaports, NPA urges Customs

Ports and Airports

Nigeria to benefit from UK’s new trade scheme

The United Kingdom is set to introduce a new trading scheme that will benefit Nigeria, and other African countries amid the global recession. The PUNCH quoting Uk’s International Trade Secretary Anne-Marie Trevelyan reported that the UK will cut price tariffs on hundreds of everyday products exported into the country from 2023. A wide variety of […]

enitan
17th August 2022
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193 Views

Nigeria to play key role in Africa’s single-currency

UK replaces visa stickers with eVisas for Nigerian

India’s Adani pledges $100bn for AI data centres

Ex-DAAR boss faults chairman’s employees’ sack

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Tag: UK