RUTH SUNDERLAND: When people lack confidence, they pile money into savings accounts, even at negative rates – only solution is to restore calm Consumer spending has recovered, even though consumer confidence is low Britons are saving at extraordinarily high levels, even though they are losing money in real terms as a result By Ruth Sunderland … Read more
UK’s economic plunge at the peak of coronavirus lockdown was not quite as bad as thought – but GDP still fell a record 19.8% in second quarter Figures show the economic plunge in second quarter slightly less than thought ONS says fall was 19.8 per cent rather than the 20.4 per cent estimated before The … Read more
The Chancellor’s emergency decision to cancel the November budget and instead unveil a new winter plan today to preserve jobs and support enterprise is an indication of the grave economic uncertainty this country now faces. Uncertainty made far worse by the Government’s latest measures to contain the pandemic. Rishi Sunak’s surprise autumn package, which comes … Read more
Archbishop of Canterbury Justin Welby warns of devastating economic impact of a second lockdown as new coronavirus restrictions come into force Archbishop of Canterbury warned of the economic impact of second lockdown Justin Welby wrote letter with Archbishop of York, the Most Rev Stephen Cottrell The said: ‘Our national situation is much more complicated than it … Read more
Britain’s economic recovery had lost steam even before virus crackdown, latest figures show By Lucy White For The Daily Mail Published: 21:57 BST, 23 September 2020 | Updated: 21:57 BST, 23 September 2020 Britain’s economic recovery was slowing down even before the Government imposed new lockdown restrictions this week, figures suggest. Growth in the manufacturing … Read more
Schools must stay open to protect children’s mental health and avoid the ‘immense’ economic and social consequences of another closure, scientists have warned. Speaking at a meeting of the House of Lords Science and Technology Committee via Zoom today, professors said Britain’s children and young people had missed out on crucial social interactions due to … Read more
The threat of a second national lockdown, just as the UK’s resilient economy shows signs of recovering from the first, is a thoroughly depressing prospect. It illustrates so clearly the dilemma of a government under pressure to save the vulnerable from the scourge of Covid-19, but also wanting to avoid plunging the citizens of Britain … Read more
The pandemic delivered the deepest and swiftest American downturn in modern history in the first half of 2020, with unemployment soaring to 22m and output plunging. As the presidential election campaign enters its final 60 days, the strategy of Democrat candidate Joe Biden is to pin the blame for the cruel economic fallout on Donald … Read more
North Korea ‘executes five Economic Ministry workers after they criticised Kim’s policies at a dinner party’ It is thought the communist party officials were shot by firing squad on July 30 The five men had openly discussed stagnant economy in militarised nation state Their families are said to have also been transferred to a political … Read more
Covid-19 has ‘toppled the shaky pillars’ of the world’s economic model that allows the rich to dominate, the Pope declares Pope Francis called for new economic models that would reduce inequality He claimed pandemic had ‘toppled the shaky pillars’ of the former model He also urged ‘an ecological retooling’ of the economy to save the environment … Read more