UK News - Asian News from UK

Sunak defends possible curbs on public sector pay

Sunak’s intervention came days after official data showed that headline inflation was higher than expected in May, remaining stuck at 8.7 per cent…reports Asian Lite News Rishi Sunak has warned that high

June 26, 2023

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Raab calls for UK to up its game on India ties

“India’s economic rise and geopolitical salience make it a linchpin partner, particularly as a counterweight to China,” he writes…reports Asian Lite News One of British Prime Minister Rishi Sunak’s close allies and

June 25, 2023

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Sunak concerned over volatile Russia situation

Sunak has also spoken to US President Biden, French President Macron and German Chancellor Scholz about the situation…reports Asian Lite News Rishi Sunak has urged all sides in Russia to “be responsible

June 25, 2023

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UK govt debt rises above 100% of GDP

The borrowing figure was £3bn lower than in April but £10.7bn higher than a year ago and the second highest May borrowing since monthly records began in 1993…reports Asian Lite News The

June 23, 2023

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Rail union announces three days of strikes

Unions say any pay offer should reflect the rising cost of living. Inflation – the pace of general price rises – is at 8.7%…reports Asian Lite News Thousands of rail workers will

June 23, 2023

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India lists key financial inclusion measures

Under ‘Stand-up India’ scheme, women were identified not just in big cities but tier-2 and tier-3 cities, and are being granted collateral-free loans at concessional rates, so that they can stand up

June 23, 2023

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Bank of England hikes borrowing rates

The size of the bank’s 13th hike in a row was a surprise after most economists had predicted a smaller quarter-point increase…reports Asian Lite News Fears that the British economy is heading

June 23, 2023

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Germany confirms new envoy to Russia

Lambsdorff had “good experience in foreign policy,” Stefan Meister, a Russia expert at the German Council on Foreign Relations, said, adding that he fills a “key position” in “times of crisis”…reports Asian

June 22, 2023

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TCS bags $1.1 bn deal to transform savings trust

The maximum estimated value of the contract, if extended to the entirety of its 18-year tenure, would be $1.96 billion…reports Asian Lite News Tata Consultancy Services (TCS) and National Employment Savings Trust

June 22, 2023

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Labour unveils five-point plan for mortgage crisis

Labour said the mortgage crisis is worse in the UK than neighbouring advanced economies such as France and Ireland, with the gap in rates costing a typical household in Britain £1,000 more

June 22, 2023

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