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Tag: United Kingdom

15 UK varsities face layoffs, course closures amid enrollment decline
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UK govt to fire 10,000 workers, cut costs by 15%

The United Kingdom Government is set to cut 10,000 civil service jobs in a bid to achieve a 15% reduction in operating costs, Chancellor of the Exchequer Rachel Reeves revealed ahead of Wednesday’s major public finance statement. Reeves stated that the Labour government will maintain its commitment to increasing real-term spending each year of this […]

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UK-Nigeria trade hits £7.8bn

Nigeria-United Kingdom trade is currently valued at £7.8 billion, according to UK Deputy High Commissioner, Mrs. Gill Lever. She made this known at the launch of a British Franchise Body Shop in Nigeria, the first of its kind in West Africa. Lever reaffirmed the UK’s commitment as Nigeria’s partner in progress. She said, “And our […]

UK job vacancies drop 23%, signaling economic slowdown
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UK considers extending BBC license fee to Netflix, Disney viewers

The United Kingdom is considering changes to the BBC license fee, which could impact households that only use streaming services like Netflix and Disney, according to a Bloomberg report on Tuesday. This is part of a broader effort to revise the funding model for the public-service broadcaster. Prime Minister Keir Starmer’s office, the Treasury, and […]

UK job vacancies drop 23%, signaling economic slowdown
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UK house prices fall first time since March

British house prices unexpectedly fell by 0.2% in December after a 1.2% increase in November, according to Halifax figures on Tuesday. Despite this decline, house prices finished 2024 higher than December 2023, with a 3.3% annual increase—below the 4.2% rise anticipated by economists, according to Reuters. Halifax Head of Mortgages, Amanda Bryden, noted that mortgage […]

UK job vacancies drop 23%, signaling economic slowdown
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UK house prices near record high in 2024

United Kingdom house prices nearly reached a record high by the end of last year, according to industry data from Nationwide Building Society, indicating that the resilient property market gained further momentum. The lender reported a 0.7% month-on-month increase in house prices, bringing the average to £269,426 ($337,500), just shy of the record high of […]

UK raises financial requirements for international students
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UK raises financial requirements for international students

Beginning January 2, 2025, international students and skilled workers applying for visas to the United Kingdom will face higher financial thresholds, according to new regulations announced by the UK government. Applicants will now be required to demonstrate increased funds in their bank accounts to cover living expenses during their stay. The revised financial requirements apply […]

UK job vacancies drop 23%, signaling economic slowdown
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UK job vacancies drop 23%, signaling economic slowdown

Job vacancies in the United Kingdom have dropped at a faster pace than in comparable countries, signaling a significant shift in the nation’s labor market amid an ongoing economic slowdown. According to data from recruitment platform Indeed, job postings in the UK have fallen by 23% as of November 29, 2024, compared to the same […]

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UK inflation rises to 2.3% in October

In a surprise move, United Kingdom inflation accelerated to 2.3 per cent in October, exceeding market expectations and potentially halting the Bank of England’s plans for a December interest rate cut. According to data released by the British Office for National Statistics on Wednesday, the sharp increase from September’s 1.7% rate surpassed the 2.2% forecast […]

UK regulator investigates MoneyGram's data breach
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UK regulator investigates MoneyGram’s data breach

The UK’s data protection authority is investigating MoneyGram following a report of a data breach from the U.S.-based money transfer company. The Information Commissioner’s Office confirmed to TechCrunch on Friday that it had received a breach report from MoneyGram, which is required to notify authorities of data incidents within 72 hours of discovery. “We have […]

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UK approved about 430,000 Nigerian visa applications in 2024 – NIDCOM

The British High Commissioner to Nigeria, Dr. Richard Montgomery, has stated that almost 430,000 Nigerian visa applications have been granted so far this year. This was disclosed in a press statement by the Nigerians in Diaspora Commission, according to Nairametrics. According to the release, Dr. Montgomery made this comment in a meeting with the Chairman/CEO, […]

UK, South Korea warn against cyberattacks from North Korea
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UK, South Korea warn against cyberattacks from North Korea

The United Kingdom and South Korea have issued warnings over the increasing sophistication and volume of cyberattacks by groups tied to the North Korean state. The cyber security and intelligence agencies of the two countries have released a new joint warning in which they call on firms to strengthen their security protocols in order to […]