Retail sales grew 12.0% month-on-month in May reports the ONS, a strong recovery on the previous month's slump of -18% and ahead of consensus estimates for a figure of 5.7% to be announced.
June 19,2020
The UK's rate of inflation has fallen to its lowest level since 2016 thanks largely to the global slump in oil prices, but a recovery in oil and an exit from lockdown should mean that the economy should see prices start to pick up once more.
June 17,2020
The UK added 6K jobs in the three months to April according to the ONS, which was a surprising result for a market that was anticipating a fall in employment to the tune of 83K.
June 16,2020
Prime Minister Boris Johnson has confirmed today that the UK's cut-off date for a Brexit deal is the end of July.
June 15,2020
The first official data showing the economic impact of the covid-19 lockdown crisis has been released, and the numbers are worse than economists had been expecting.
June 12,2020
The coronavirus cost mounted further in early June as the bill for supporting companies topped two percent of GDP and the 'lockdown' used to contain the pneumonia-inducing disease reduced household spending by a fifth, threatening a double-digit blow to the economy for each month the crisis draws on.
June 11,2020
There has been an increase in the number of companies considering laying off staff and freezing wages in order to safeguard working capital over coming months, according to the latest Lloyds Business Barometer.
June 8,2020
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