Economists and financial analysts are reacting to the Government's Summer Economic Update, saying that while the targeted nature of today's interventions in the economy will be welcomed not enough new spending has been announced to trigger a v-shaped recovery.
July 8,2020
The rush to inject money into the economy by central banks and governments will have prevented thousands of companies in the UK and globally from going bankrupt, but the support packages risk propping up so-called zombie companies that will ultimately blunt the economic recovery.
July 8,2020
Uncertainty about the length of the path back to the pre-coronavirus economy is tempering the outlook for the housing market, which suffered a fourth consecutive price decline last month even though values continued to rise over the year to June, according to the latest Halifax House Price Index.
July 7,2020
Economists are warning that covid-shy UK consumers could look be inclined to save more of their money over coming weeks and months, potentially jeopardising the UK's economic recovery.
July 7,2020
Growth forecasts for the EU and Eurozone have been cut further by the European Commission, who have said the region's exit from lockdowns had been slower than anticipated in the second quarter.
July 7,2020
The EU's Chief Brexit negotiator Michel Barnier has updated media following the latest round of EU-UK trade negotiations, revealing little has been achieved.
July 2,2020
UK Prime Minister has confirmed the Government's furlough scheme - the flagship policy in its fiscal fight against the covid economic slump - won't be extended beyond October, but Capital Economics say the unemployment rate should be less than previously feared.
July 2,2020
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