U.K. economy

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people walking by a Burberry store
Retail

Luxury trench-coat maker Burberry is buttoning up for a gloomy earnings report after Christmas washout

By
January 12, 2024
woman standing in front of a camera holding a pink sweater in hand
Retail

Gen Zers cashing in with side hustles on Depop and Vinted may soon have to declare their earnings to the U.K. taxman

By
January 2, 2024
woman looking closely at a product in a glass jar at a store
Retail

A ‘skimpflation’ plague took over supermarkets in 2023 with consumers saying products are smaller and sometimes worse quality for the same price—if not more

By
December 29, 2023
people walking on a busy street in London
Finance

British startups should be kept on home soil, says top bank boss, claiming U.S. buyers are getting all the glory with none of the risk

By
December 28, 2023
a row of houses with signs showing sold or to let signs
Retail

Rocketing rental prices in London should be music to landlords’ ears—but instead, they are on a selling spree

By
December 6, 2023
a picture showing a busy street in the city of London
Finance

Britain’s snail-pace growth has set U.K. households back by $10,500 as peers in France and Germany pull away

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December 4, 2023
a bird's eye view of Nottingham city
Finance

Major British city declares bankruptcy as inflation and growing social care costs blow a $29 million hole in its budget

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November 30, 2023
people walking outside a Barclays Bank branch
Finance

Barclays Bank is reportedly axing up to 2,000 jobs as part of a $1.25 billion cost-cutting plan

By
November 24, 2023
woman smiling and waving at her monitor
Success

AI should make the 4-day work week possible for millions of workers. The question is whether they’ll use the free time for leisure—or more work

By
November 24, 2023
People waiting outside a clinic with masks on
Health

Peter Thiel–cofounded Palantir will overhaul the U.K.’s public health service in a deal worth up to $413M—and people are worried

By
November 22, 2023
People outside a Marks & Spencer store
Retail

Self-checkout counters encourage shoplifting among middle-class Brits, Marks & Spencer chairman says

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November 21, 2023
person walking outside a burberry storefront
Retail

Burberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year

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November 16, 2023
Barbie poster in London
Finance

Barbie movie added close to $100 million to the struggling British economy

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November 16, 2023
PEOPLE WALKING ON A STREET, MCDONALDS RESTAURANT AT THE CORNER
Retail

McDonald’s received 400 workers complaints, including over harassment and bullying, in the last 4 months—and its U.K. boss calls some ‘truly horrific’

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November 15, 2023
PERSON THROWING A BUCKET OF GRAPES INTO A LARGER CONTAINER
Retail

British Champagne? The U.K.’s wine industry is an unlikely winner as its European peers reel from extreme weather

By
November 12, 2023

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