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Tag: britain

UK weather: Britain divided as north washed out and south east swelters

2020-08-13 08:33:12| Telegraph Business

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Wednesday morning news briefing: Britain plunges into record recession

2020-08-12 08:50:12| Telegraph Business

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Britain to officially enter recession

2020-08-12 08:32:18| The Economic Times

Britain to officially enter recessionThe Office for National Statistics (ONS), which is due to unveil the latest assessment at 0600 GMT, is uniformly expected to confirm the unprecedented contraction between April and June.

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This tech giant up for sale is a homegrown miracle it must be saved for Britain | Will Hutton

2020-08-09 08:45:30| Guardian Unlimited Business - more business news

If the Tories truly want to reshape the country, they should help to buy ArmSo, Brexit Tories, lets see the colour of your money. So far, Brexit has meant billions spent on new, trade-inhibiting customs facilities, a proposed US trade deal that will necessarily compromise food standards to make us ill and a slump in inward investment. Not to mention deepening the crisis caused by Covid with the de facto no-deal Brexit. But now comes a chance to redeem yourselves, at least in part.Weeks after the referendum vote, Britain lost its biggest and best technology company Arm to the predatory charms of the megalomaniac Japanese billionaire Masayoshi Sons SoftBank. Son, who this year compared himself to Jesus, paid $32bn (24bn), the highest price ever for a European hi-tech company. Continue reading...

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Is this the end for king coal in Britain?

2020-08-09 07:31:28| Guardian Unlimited Business - more business news

As the black stuff burnt in the UK plummets to a level not seen since the early steam age, we trace its long, deep history and the problems left in its wakeBritain achieved an unlikely status as a power provider last year. Its annual consumption of coal plunged to the lowest level in 250 years. According to figures released last week, a mere 8 million tonnes were incinerated in UK factories and power plants. That is roughly the same amount that was burned nationally in 1769, when James Watt was patenting his modified steam engine.That invention helped to spark the Industrial Revolution and triggered a massive rise in annual coal use in Britain, which soared to well over 200 million tonnes by the mid-20th century. Now levels have plummeted back to their original pre-revolution state. King coal once the undisputed ruler of British industry has finally been dethroned. Continue reading...

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