Business & Economy

Published: 01 August 2025. The English Chronicle Online. The UK housing market showed signs of renewed strength in July as average house prices rose by 0.6% to £272,664, recovering from a sharp decline experienced in June. This bounce back follows the expiry of a temporary stamp duty holiday, which had previously led to an unprecedented drop in property values. According to data released by Nationwide, Britain’s largest building society, the...

Published: 01 August 2025. The English Chronicle Online. Heathrow Airport has officially revealed its long-anticipated plan to construct a third runway, aiming to transform the UK's principal air hub into a global super-gateway capable of handling up to 150 million passengers annually. The west London airport, already Europe’s busiest, submitted the £21 billion proposal to the government, promising to deliver the expansion within the next decade and dramatically increase flight...

Published: 30 July 2025 | The English Chronicle Desk The chief executive of HSBC, Georges Elhedery, has voiced a firm warning against potential tax increases on the banking sector, cautioning that such measures could severely impact investment capacity and stunt economic growth in the United Kingdom. His comments arrive amid intensifying speculation that Chancellor Rachel Reeves may use the upcoming autumn budget to raise bank-specific taxes as part of broader...

Published: 30 July 2025 | The English Chronicle Desk For many broadband users in the UK, the frustration of being locked into lengthy contracts often comes with hefty exit fees that discourage switching providers or ending deals early. However, recent developments and insider tips now offer consumers ways to break free from these costly agreements without shouldering the usual penalties. This guidance arrives as part of a broader effort to...

Published: 29 July '2025. The English Chronicle Desk The escalating crisis within the UK’s casual dining industry has taken another victim as Gusto, a well-known Italian restaurant chain, edges towards administration. Informed sources indicate that the restaurant group is set to enter a pre-pack insolvency arrangement, with preparations currently underway under the advisory of Interpath. Operating from 13 sites across the country, Gusto has struggled to withstand the mounting financial...

Published: 29 July '2025. The English Chronicle Desk In a welcome revelation for millions of consumers across the UK, new guidance has emerged on how to exit your broadband contract without facing hefty termination fees—an issue that has long frustrated households locked into expensive or underperforming deals. The advice comes as part of a broader consumer support effort led by Sky News through its newly launched free Money newsletter, designed...

Published: 29 July '2025. The English Chronicle Desk In a damning verdict that has intensified public anger over the environmental misconduct of water companies, Anglian Water has been ordered to pay a staggering £62.8 million after an official investigation revealed systemic failures in managing its wastewater treatment operations. The action, taken by the water regulator Ofwat, found that the company breached its legal obligations by failing to properly operate, maintain,...

Published: 24 July '2025. The English Chronicle Online. In a sobering reflection of the mounting challenges facing Britain’s once-thriving automotive sector, the UK has recorded its lowest levels of car and van production for the first half of a year since 1953—excluding the pandemic-era shutdown. The figures, released by the Society of Motor Manufacturers and Traders (SMMT), reveal a 7.3% fall in car output between January and June 2025, with...

Published: 24 July '2025. The English Chronicle Online. In a momentous step toward deepening bilateral economic relations, India and the United Kingdom have officially signed a Free Trade Agreement (FTA) that is being hailed as a landmark accord with far-reaching implications for both economies. The signing ceremony, held at Chequers — the British Prime Minister’s official country residence — witnessed the presence of Indian Prime Minister Narendra Modi and UK...

Published: 23 July 2025. The English Chronicle Desk | The English Chronicle Online In a watershed moment for both economies, Indian Prime Minister Narendra Modi has embarked on a state visit to the United Kingdom to formally sign a long-anticipated free trade agreement that promises to reshape the commercial contours between the two nations. The deal, hailed as the most significant post-Brexit trade pact for Britain and India’s first major...