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UK house prices rise by 10 percent

UK house prices rise by 10 percent

Aug. 6 | Dispelling the usual belief that the housing market is slowing down, UK house prices rise by 10 percent–Halifax. British bank chain Halifax recently released a report highlighting the biggest change in housing trends in 7 years as UK house prices...

EU pushes UK to increase tax on expensive homes

EU pushes UK to increase tax on expensive homes

Jun. 3 | The European Union pushes UK to increase tax on expensive homes. The European Union has gently suggested the United Kingdom to increase the taxation level on the high value properties within the country. The commission has also asked to build more houses...

Late Easter results in retail sales decrease in March 2014

Late Easter results in retail sales decrease in March 2014

Apr. 15 | It has been reported that retail sales in the UK faced their biggest annual fall in March 2014 since April 2013. The sales have been affected by unfavorable year-on-year comparisons because of the late Easter in 2014, one of the industry surveys showed...

UK to exceed pre-crisis peak earlier than planned

UK to exceed pre-crisis peak earlier than planned

Mar. 10 | Two of the leading business bodies in the UK have predicted that the country will be able to surpass the pre-crisis period earlier than was previously planned. This kind of situation also means that the optimism in the private sector is becoming stronger...

Britain to become world’s fifth-largest economy by 2018

Britain to become world’s fifth-largest economy by 2018

Dec. 26 | A leading policy institute in the UK claims that Britain will surpass France and become the fifth largest economy in the world by 2018 and is also moving towards overtaking Germany in order to become the biggest European economy by 2030. The Centre...

Shops and banks in UK expect economic boom

Shops and banks in UK expect economic boom

Oct. 7 | The UK economy has been experiencing a steady recovery in recent times, which was the reason for an increase of optimism among the banks in Britain, regardless of the fact their loans to businesses saw a decrease in the last few months. The new finding...

Facial recognition feature launched by PayPal

Facial recognition feature launched by PayPal

Aug. 8 | E-commerce company PayPal has launched its new Check In mobile payment service in London Richmond. The company has listed the UK capital as a key area in an effort to increase wireless transaction levels in the UK. Initially, the new Check In service...

British business leaders demand UK’s stay in the EU

British business leaders demand UK’s stay in the EU

May. 20 | While some politicians in Britain argued that Britain’s economic goals will be better served outside EU, a group of Britain’s most eminent business leaders, in a letter to the media, have accused MPs of putting “politics before economics”. Business...

HTC to spend more money on marketing its smartphones

HTC to spend more money on marketing its smartphones

Feb. 22 | HTC One, the new smartphone from the Chinese electronics manufacturer could provide some serious competition for Apple and Samsung. It has a fully-metallic body like the iPhone, this adds to its looks and the software team at HTC have done a great job...

UK looking down the barrel of a triple-dip recession

UK looking down the barrel of a triple-dip recession

Jan. 25 | Britain has been gripped by the fear of the country falling into a ‘triple-dip’ recession. This is after figures from the last quarter of 2012 brought to light the fact that the economy has shrunk by 0.3 percent. It is also possible that Chancellor...