UK

    • UK drops quarantine for vaccinated travelers from US, EU

      UK drops quarantine for vaccinated travelers from US, EU

      UK introduced new rules related to arrivals from different countries. As of 1 August all vaccinated arrivals from US and EU excluding France may enter UK without quarantine which was mandatory until now, BBC elaborated. The UK government confirmed that the change will help to reunite family and friends whose loved ones live abroad. Airline bosses welcomed the move but are calling for more countries to be added to the UK's green travel list.

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    • Fast vaccination drives up the UK economy

      Fast vaccination drives up the UK economy

      The UK economy would grow faster than previously expected this year on the back of fast vaccination rollout, shows a paper, issued by the International Monetary Fund. The Fund said that the prospects of rich and poor nations diverged more due to differing access to Covid vaccines, BBC elaborated. The forecast for the UK reaches as high as 7% growth of GDP.

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    • UK economy slows although restrictions waived

      UK economy slows although restrictions waived

      The UK economy in May slowed its Covid-19 recovery although travel and transport restrictions in the country were relaxed, official data showed. The slowdown was provoked by the shortage of raw materials for the industrial production and especially semiconductor chips for the making of vehicles, Reuters reported. UK GDP rose by 0.8% in May which is far below 2.0% in April and under previous forecasts of 1.5%.

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    • UK eyes bad loans surge as easy Covid-19 money vanish

      UK eyes bad loans surge as easy Covid-19 money vanish

      Nothing is forever and that applies for debtors of UK banks as government stimulus programmes near their end. UK banks rushed to employ and train bad loans collectors on expected spike of problem credits. In the very near future the UK banks eye the expiration of £75bn emergency loans expiration, Reuters elaborated. The cash was disbursed with few or no questions asked to the applicants with the objective to achieve fast support of local businesses and households amid the pandemic led downturn.

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    • UK waives mandatory masks

      UK waives mandatory masks

      UK announced wearing of facemasks would not be mandatory but would become a personal choice and further information will determine if other lockdown restrictions may be waived as the situation this month was looking "very positive", Housing Secretary Robert Jenrick said, quoted by Reuters.

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    • 6m EU citizens apply for UK settlement

      6m EU citizens apply for UK settlement

      UK announced it had received six million applications over its settlement scheme for EU nationals by the campaign deadline on 30 June, Reuters reported. London elaborated that only in the last 30 days prior the deadline were received 400,000 applications.

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    • Nissan, Envision launch £1bn UK EV hub

      Nissan, Envision launch £1bn UK EV hub

      The Japanese carmaker Nissan announced it would start production of a new generation all electric car in UK, BBC reported. Nissan vowed a total investment of £1bn in the new facilities as nearly half of that sum will be provided by battery maker Envision which will also be involved in moving its output activities closer to the EV production site and thus form a hub.

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    • UK swings global tax rules to exempt financial services

      UK swings global tax rules to exempt financial services

      UK scored a decisive win over the global tax rules, agreed at the G7 summit earlier last month, Reuters reported. London managed to earn an exemption for financial services from a new global tax system. The new global corporate taxation was planned to press multinational companies to pay more. However UK Treasury Secretary Rishi Sunak passed a deal for financial service firms to be exempt to help protect the City of London's largest banks from paying more tax.

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