Retail sales figures underwhelmed for the month of August on Wednesday, casting a shadow over the outlook for recovery in the world’s largest economy after Washington lawmakers’ pre-election political jockeying left households with a pair of boots that have proven too large for them to fill so far.
September 16,2020
Falling demand for international travel and the Eat Out to Help Out scheme meant prices in the UK fell 0.4% between July and August, according to the ONS.
September 16,2020
The UK reported better than expected headline employment figures on Tuesday, however economists remain overwhelmingly of the opinion that the labour market will deteriorate significantly into year-end.
September 15,2020
The UK has preordered enough vaccines to provide five doses per citizen, courtesy of committing orders with six of the leading vaccine developers as the government attempts to hedge its bets.
September 15,2020
The EU is set to delay a decision on allowing City of London clearing houses to continue clearing Euro transactions for EU-based clients due to concern over Britain's plan to breach its Brexit divorce settlement, reported Reuters, quoting "a derivatives industry source".
September 15,2020
The latest official economic data from the ONS shows the UK economy grew 6.6% in July, meaning by at this point half the economic output lost during the lockdown had been recovered, and the third quarter would likely see a record reading for GDP growth.
September 11,2020
The UK economy is estimated to have grown 7% in July by economists at Deutsche Bank, which means the economy will have recovered about 88% of its pre-lockdown size.
September 7,2020
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