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UK's Economy at a Turning Point after June PMI Data Shows "Vastly Improved Overall Picture"

UK economic data

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

UK's Ballooning Debt: Expect the Government's Thirst for Cash to Start Fading from Here

UK borrowing explodes

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

UK Retail Sales: Economic Rebound Might Have Started Earlier than Expected

Retail sales

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

UK Inflation Outlook: 0% Ahead

Consumer prices

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

UK Records "Remarkably Small Rise" in Unemployment

UK unemployment

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

Brexit Trade Negotiation Cut-off is end-July says Johnson

Johnson Brexit trade negotiation cut off

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

Economic Slump is "the Biggest the UK has ever seen"

Coronavirus impact on the economy

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

More Articles …

  1. Coronavirus Cost Mounts in June as 'Lockdown' Threatens -12% GDP Hit to UK Economy 
  2. UK Businesses Look to Pay Freezes and Job Cuts to Preserve Capital: Lloyds Business Barometer
  3. UK's Prime Property Market Tipped to Bounce Back as Prices for £1M+ Houses Stabilise
  4. UK Economic Recovery Underway says Barclays, Economy Now 85% Back to Normal
  5. UK Economy: Furlough Scheme Costs 1% of GDP Per Month as Gov Seeks to Contain Budget Deficit
  6. U.S. Economy: Still-rising Welfare Claims and Coronavirus-bitten GDP Data Have Silver Linings
  7. Light at the End of the Tunnel for the UK's Shops, Following Record Plunge in Retail Sales in April
  8. Government Borrowing Hits an Eye-Watering 62.1BN in April, the Highest monthly Figure Ever Recorded

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