The UK economy faces a long and winding road to recovery that still leaves it poorer next year than it was heading into 2020, the latest Bank of England (BoE) decision maker survey suggests, even in the absence of any second wave of coronavirus infections in the autumn.
July 2,2020
The EU's Chief Negotiator Michel Barnier warned financial services firms based in the UK that they should make rapid preparations to ensure they are ready for the loss of passporting rights into the EU come January 01.
June 30,2020
The UK economy is currently experiencing a v-shaped recovery, that should be reinforced by a surge in consumer spending when pubs and restaurants open up on July 04, says the Bank of England's Chief Economist Andy Haldane.
June 30,2020
Britain's road to recovery may have grown longer on Tuesday and the bill for the damage done by the coronavirus larger after the Office for National Statistics (ONS) revised its estimate of first-quarter GDP lower, citing a larger than expected fall in household spending.
June 30,2020
American consumer spending rose from reduced levels in May but the recovery was weaker than economists had hoped for and incomes fell after so-called stimulus cheques shrank last month.
June 26,2020
The UK economy appears to have reached a nadir in June, according to flash PMI data released on Tuesday that came in well ahead of analyst expectations.
June 23,2020
The UK's debt at the end of May 2020 was 100.9% of gross domestic product (GDP), the first time that debt as a percentage of GDP has exceeded 100% since the financial year ending March 1963, says the ONS.
June 19,2020
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