UK retail sales surged in June while IHS Markit PMI surveys suggested that manufacturing and services companies operating in the troubled UK economy pulled ahead of the Eurozone rivals in July, although economists have cautioned that the retail data likely overstates the broader economic recovery.
July 24,2020
Chancellor Rishi Sunak launched 2020's comprehensive spending review Tuesday, which is expected to see the government make good on a range of past commitments but will underline the goliathan task ahead of HM Treasury if it's to return the public finances to a sustainable footing.
July 21,2020
U.S. labour markets continued to haemorrhage jobs last week, leaving a question mark lingering over an economic recovery that was bolstered in June by rising retail spending and a recovery in confidence among home builders, data showed on Thursday.
July 16,2020
The UK unemployment figure for May came in better than expected, with the ONS reporting 125K jobs had been lost in the three months to May against market expectations for a figure of 234K to be reported.
July 16,2020
Pharmaceutical company Biocon have announced one of their drugs used to fight psoriasis has been approved to fight moderate to severe covid-19 infections in patients.
July 15,2020
The UK economy grew 1.8% in May according to the Office for National Statistics, which is a negative surprise for a market that was expecting growth of 5.5% to be reported.
July 14,2020
The UK economy could be about to enter a period of deflation, according to analysis from independent economics research and consultancy firm Capital Economics.
July 13,2020
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