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NatWest Shares Drop Following Underwhelming Quarterly Results

NatWest Group Plc achieved a lower-than-expected operating profit before tax of £1.086 billion for the third quarter, with the bank's Alison Rose commenting that the UK's economic outlook has worsened, thereby having an impact on consumer activity. “We’re not seeing delinquencies, we’re not seeing customers...

Sterling Weakens Ahead of British Tax Cuts

The British pound fell by 0.6% to $1.1170 on Friday; its lowest level against the US dollar since 1985. The currency remained stable against the euro at 87.40 pence per euro. This comes ahead of an expected announcement of a decline in British tax...

Sterling Strengthens Against Dollar in the Face of UK Inflation Decline

The sterling gained 0.5% against the U.S. dollar on Wednesday, now valued at $1.1546. This comes after the British currency fell to a three-decade low of $1.14070 last week. In addition, the British pound also strengthened against the euro by 0.2%. Following a decline in...

UK Experiences Sluggish Recovery From Bank Holiday Slump

The UK economy embarked on a slower-than-expected recovery following the extra bank holiday in June with construction and other industrial production slowing down by 0.8% and 0.3% respectively. The Office for National Statistics reported on Monday that the 0.2% economic growth leading up to...

UK Must Insulate Homes to Curb Energy Crisis, Experts Warn

Research from the Institute for Government (IfG) found that the United Kingdom scores worse than countries across Europe in terms of the energy efficiency of its homes. According to this analysis, the United Kingdom is set to continue facing high energy bills throughout 2023...

Incoming UK Prime Minister Plans £40 Billion Energy-Aid Package for Businesses

Incoming UK Prime Minister Liz Truss is in the process of finalizing plans for an aid package to lower the energy bills of UK businesses. The package, expected to be £40 billion, could be distributed in two ways. The first option that Truss is considering...