The UK will inherit a larger 'structural' long-term fiscal deficit owing to the covid-19 crisis, but economists warn that the government risks a major policy error if it tries to eliminate the deficit too soon.

November 26,2020

The UK government has announced today that it would borrow significantly more money than at any other point in its peacetime history, but economists say the bill is affordable.

November 26,2020

AstraZeneca and Oxford University on Monday announced their vaccine candidate for covid-19 - AZD1222 - had proven efficacy in preventing the contraction of the disease amongst participants in phase 3 trials, a development that has lead one investment bank researcher to say the developed world is on course to reach 'herd immunity' by mid-2021.

November 23,2020

Data out of the UK economy for November came in well ahead of expectation, even if they do confirm the economy likely shrank in the same month that England went into a second lockdown.

November 23,2020

The government will 'front load' its fiscal tightening over coming months as it scrambles to try and plug the growing hole in its finances, according to economists who have reacted to news that shows an additional £21BN were borrowed in October.

November 20,2020

UK retail sales for the month of October confirmed that the UK continues to spend earnings on goods, as opposed to spending it on service-based activities, a trend that will likely continue given November's lockdown.

November 20,2020