The Bank of England (BOE) announced that it will launch a temporary government bond-buying program to prevent material risk to financial stability after unfunded government tax cuts affected the markets and sent the pound tumbling. The emergency intervention means the central bank of the country will purchase government bonds in an effort to stabilize the […]
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The UK Health Security Agency announced that people at high risk of contracting monkeypox disease will be offered second doses of the vaccine. UKSHA said sexual health clinics will continue to prioritise offering first doses of the monkeypox vaccine to those at high risk. Some clinics will offer a second dose to the eligible people, […]
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TikTok, owned by ByteDance Ltd., faces a fine of 27 million pounds after the privacy watchdog in the United Kingdom found the company might have breached data protection rules by failing to protect children’s data sufficiently. The Information Commissioner’s Office (ICO) said it has issued TikTok with a notice of intent, and it launched its […]
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The government of the United Kingdom announced nearly 50 million pounds in funding to support the future of British industry. 49.4 million pounds will be awarded to pioneer projects across the United Kingdom, which will help to drive economic growth through the development of fuel switching technology that will see a wide range of industries, […]
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The UK pound has dropped to a record low against the dollar as markets react to the biggest tax cuts in the United Kingdom in 50 years. Kwasi Kwarteng, chancellor of the United Kingdom, has promised more tax cuts on top of a 45 billion pound package amid expectations that borrowing will increase. The pound […]
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The UK communications regulator will investigate cloud technology services that are dominated by Amazon, Google, and Microsoft combine for over 80 percent of total revenues in the public cloud infrastructure services market of the United Kingdom. Ofcom, the UK regulator conducting the study, can make recommendations to the UK government to change regulations or policy, […]
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A severe Victorian disease has returned to the United Kingdom, with the NHS warning of a sudden increase in admissions of patients. Gout affects across 1.5 million people in the country and is a type of arthritis that causes extreme joint pain. The cases are increased by 20 percent and around 250,000 people have been […]
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UK government has revealed, business investment in the United Kingdom decreased to the lowest rate in the G7 group of wealthy countries despite corporation tax cuts, as ministers of the United Kingdom prepare 30 billion pounds of giveaways targeted at companies and high-earning workers. The Institute for Public Policy Research (IPPR) said the headline tax […]
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The government of the United Kingdom is developing a plan which may decrease energy rates for many businesses to 50 percent to put them more in line with what the houses are paying, as the new administration of the United Kingdom to stem the economic damage from rising costs. This bailout will discount the wholesale […]
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New BA.4.6, a subvariant of the Omicron COVID-19 variant that is quickly gaining traction in the United States, is now confirmed to be spreading in the United Kingdom. According to the latest briefing document on COVID-19 variants from the UK Health Security Agency (UKHSA), BA.4.6 has accounted for 3.3 percent of samples in the United […]
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