Tag: Britain

UK Consumer Spending Plunges as New Lockdown Bites: Barclaycard

February 9, 2021
BritainBritish economyBusinessconsumer spendingEconomiesonline retail spendingUKWorld
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LONDON—Spending by British consumers plunged in January at the fastest rate in seven months as the country went back into a tight COVID-19 lockdown, payment card firm Barclaycard said on Tuesday. A 73 percent annual increase in online retail spending and record demand for takeaway food—which jumped by a third from a year ago—failed to…

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David Barclay, Billionaire Twin Telegraph Owner, Dies at 86

January 13, 2021
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LONDON—David Barclay, one of the billionaire identical twins whose business empire includes Britain’s Daily Telegraph newspaper, has died, the newspaper said Wednesday. He was 86. The Telegraph said he died Sunday after a short illness. Born in London in 1934, sons of a traveling salesman, David and his twin Frederick Barclay left school aged 14….

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Britain to Tighten Laws on Imports Linked to Alleged Chinese Human Rights Abuses: Telegraph

January 12, 2021
Asia & PacificBritainChinaChina Human Rightshuman rights abusesuighur muslimsUKWorldXinjiang
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Britain will tighten the law on importing goods linked to alleged human rights abuses in China as ministers take a tougher stance on Beijing, The Telegraph reported on Monday. Foreign Secretary Dominic Raab will make a statement on Tuesday in the House of Commons on the government’s response to allegations of forced labour in China’s…

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UK Ends Long Brexit Journey With Economic Break From EU

December 31, 2020
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The United Kingdom completed its split from the European Union on Thursday. Britain formally exited the EU’s single market and customs union as the transition period expired at 23:00 GMT, and began trading with the 27-member political and economic bloc under the new free trade agreement reached on Christmas Eve. The split comes 11 months…

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EU Trade Deal Brings Little Progress for UK’s Giant Financial Sector

December 27, 2020
BrexitBritainBusinessEconomiesEuropeEuropean Unionfinancial marketUKWorld
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LONDON—The European Union cannot decide yet on granting Britain access to the bloc’s financial market, even though London and Brussels have agreed a trade deal, a European Commission official said on Thursday. While the landmark trade deal agreed on Thursday set rules for industries such as fishing and agriculture, it did not cover Britain’s much…

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