Inflation edges up to 0.6 per cent as summer clothes sales fail to materialise and prices for computer games rise during lockdown Inflation on CPI measure edged up from 0.5 per cent to 0.6 per cent last month Summer clothes sales failed to materialise and computer games costs went up Rises were offset by vegetable … Read more
Is Britain bouncing back? Construction industry starts growing again at fastest rate for two years after suffering worst plunge EVER during coronavirus lockdown Construction industry returned to growth last month according to key index PMI measure came in at 55.3 with anything above 50 meaning sector expanding Uptick follows the lowest rating in history in … Read more
A third of people haven’t used a new plastic £20 note despite them being in circulation since February as coronavirus slashes the use of cash New notes were issued from February 20, about a month before lockdown started Reports have pointed to a decline in people using cash during the lockdown In April, the spending … Read more
Britain is planning to launch its own ‘GI Bill’ like the one brought in in America in 1944 to help soldiers learn new skills after the Second World War to fire up the UK economy after months of lockdown. Culture Secretary Oliver Dowden said he will work with businesses to create new digital training and … Read more
Outsider chosen to run City watchdog – with interim boss Chris Woolard shunned by the Treasury By Lucy White For The Daily Mail Published: 21:56 BST, 22 June 2020 | Updated: 22:05 BST, 22 June 2020 An outsider has been chosen to run the City watchdog – with interim boss Chris Woolard shunned by the … Read more
Government could have effectively gone BUST if the Bank of England had not bailed it out at the start of coronavirus crisis, says governor Andrew Bailey Andrew Bailey said government could have gone bust without Bank stepping in UK borrowing soared as the coronavirus crisis took its grip around the world Public debt is now … Read more
Bank of England pumps another £100BILLION into UK economy: Cash-printing measures now hit £745billion in bid to stave off coronavirus economic meltdown The Bank of England believes the UK could face its worst recession in 300 years The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
Bank of England’s cash-printing programme ‘could hit £1trillion during coronavirus crisis’ The Bank of England believes the UK could face its worst recession in 300 years The Bank’s money-printing programme could hit £1 trillion during the pandemic The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
UK faces biggest hit from coronavirus of any major economy in the WORLD with GDP set to plunge 11.5 PER CENT this year, OECD warns – and it could be even worse if there is a second peak OECD think-tank has released latest estimates for the global economy this year UK faces the biggest hit … Read more
Bank of England ‘warns City to brace for Brexit trade talks to FAIL’ amid bitter stand-off between UK and the EU with clock running down Bank of England said to have urged City to brace for no deal in UK-EU trade talks Businesses increasingly alarmed at deadlock in the talks between the two sides EU … Read more