Business & Economy

Published: 04 August '2025 | The English Chronicle Desk High street banks in the United Kingdom are witnessing a dramatic shift in customer behaviour, with an estimated £100 billion in savings being redirected toward online challenger banks and building societies. The trend, attributed to more competitive savings rates offered by these digital institutions, reflects a significant erosion in the traditional banks’ dominance. Market share for major high street lenders has...

Published: 03 August '2025. The English Chronicle Online. The chief executive of Yorkshire Water, Nicola Shaw, has come under fire following revelations that she received an additional £1.3 million in undisclosed payments through an offshore parent company, Kelda Holdings, since 2023. This information, initially withheld and only disclosed after persistent media inquiries, has ignited debate over transparency, corporate ethics, and the governance of Britain’s privatized water utilities. Kelda Holdings, a...

Published: 03 August '2025. The English Chronicle Online The Bank of England appears set to deliver its fifth interest rate cut within a year as economic turbulence, rising joblessness, and fresh protectionist trade measures from the United States mount pressure on policymakers. City analysts and financial markets are forecasting a quarter-point reduction in the base rate, bringing it down to 4% when the Bank’s Monetary Policy Committee (MPC) meets this...

Published: 03 August '2025. The English Chronicle Online In a move that underscores renewed investor confidence in the UK's aviation sector, London-listed investment powerhouse ICG is reportedly finalising a major acquisition of three regional airports—Bournemouth, Exeter, and Norwich—for a combined value of approximately £200 million. Sources close to the deal indicate that a formal agreement with the current owner, Rigby Group, is expected to be signed later this month. This...

Published: 01 August 2025. The English Chronicle Online A landmark Supreme Court decision on car finance is expected today in the United Kingdom, potentially carrying vast financial consequences for banks and affecting millions of motorists who purchased vehicles through financing deals. At the heart of the case is a question of transparency: should customers be fully informed about the commissions that car dealers earn when arranging finance on their behalf?...

Published: 01 August 2025 | The English Chronicle Desk The long-standing strategic partnership between India and the United States has hit a turbulent stretch, as U.S. Secretary of State Marco Rubio described India's continued oil imports from Russia as a “point of irritation” in bilateral ties. His comments, made in an interview with Fox News Radio, follow U.S. President Donald Trump’s announcement of a potential 25% tariff on Indian goods,...

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...