What can economic history teach us about the lockdown? The coronavirus pandemic is, of course, first and foremost a social crisis. It is testing the limits of the NHS, bringing out the best in our doctors, nurses and carers, and many others on whom we all rely. But it is also a huge challenge for … Read more
Fears are rising about the economic misery of coronavirus lockdown today amid deep Cabinet splits over how and when to ease the curbs. Foreign Secretary Dominic Raab has moved to quash the idea of an imminent loosening, with the UK now facing restrictions until at least May 7. But there is growing alarm about the … Read more
Former Bank of England boss Lord King says UK well-prepared to deal with economic impact of coronavirus pandemic after 10 years of austerity By Daily Mail City & Finance Reporter Published: 21:55 BST, 12 April 2020 | Updated: 21:55 BST, 12 April 2020 The UK is well-prepared to deal with the economic impact of the … Read more
The coronavirus pandemic could spark the ‘deepest economic recession of our lifetimes’ with global trade expected to plummet by up to a third in 2020, the World Trade Organisation warned today. ‘World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the COVID-19 pandemic disrupts normal economic … Read more
Jacob Rees-Mogg’s investment firm is accused of exploiting worldwide market volatility caused by the coronavirus panic to rake in huge profits. The MP owns 15 percent of Somerset Capital Management, whose chiefs appear to be investing in businesses hit hard by falling stocks. Executives have told clients the international crisis is providing a ‘once in … Read more
The scale of the economic wipeout from Covid-19 is truly horrifying. As the lockdown has spread across the United States, the number of Americans filing jobless claims shot up to 6.65m – almost twice the number of just a week ago, ahead of all forecasts and bringing the two-week total up to 10m people. On … Read more
HAMISH MCRAE: Government and Bank can’t kick-start economic recovery by making us spend money that we no longer have or don’t want to part with after the health crisis is over By Hamish Mcrae, Financial Mail On Sunday Published: 22:55 BST, 28 March 2020 | Updated: 22:55 BST, 28 March 2020 At a human level, … Read more
We’ll lend firms £250k in 48 hours to survive the economic crisis, say banks By Helen Cahill For The Mail On Sunday Published: 23:06 GMT, 21 March 2020 | Updated: 23:06 GMT, 21 March 2020 The new emergency loans will be interest-free for the first year Banks will tomorrow promise to hand small businesses interest-free … Read more
Boris Johnson is facing fresh calls to step up coronavirus measures amid fears delay will only means the situation is worse later. The PM and the government’s chief medical officer signalled last night that action will be stepped up soon, as the number of cases in the UK rises. Within days Britons with ‘minor’ cold, … Read more
Under more normal circumstances a one-third crash in the price of oil might be a cause for celebration. It would mean cheaper motoring, lower costs for businesses and lower home-heating bills. But the global Covid-19 scare that caused the price crash and triggered a spine-chilling collapse in share prices on both sides of the Atlantic … Read more