People walking City of London

The Bank of England have said the UK economy is likely to contract by 25% quarter-on-quarter in the April-June period, but a sharp recovery should transpire once covid-19 restrictions are lifted.

May 7,2020

Recession high street closures

Economists at investment bank Morgan Stanley have said they see the coronoacrisis economic slump as being deeper than they originally anticipated, with only a partial bounce back occurring in 2021.

May 4,2020

Market correction was due

We’ve seen a tale of two halves for equities. It started on a strong note but markets fell back towards week-end and are down again today.

May 4,2020

UK business

The confidence levels amongst the Chief Financial Officers of the UK's largest companies has plummeted to the lowest levels ever recorded by the Deloitte CFO survey due to the covid-19 pandemic and the lockdown of the global economy.

May 4,2020

The U.S. economy experienced a historic contraction at the hands of the coronavirus in the first-quarter, with gross domestic product falling further than markets had anticipated and potentially pointing to trouble ahead for the rest of world economy just a day before Eurozone figures are released.

April 29,2020

Sunak announces new lending plan

The UK Government has initiated a new loan scheme for businesses in response to evidence that measures already undertaken have largely failed to support businesses in a rapidly imploding economy.

April 27,2020

Retail sales fall

The fall in retail sales witnessed in March is the largest on record, and economists say a further large decline is likely in April.

April 24,2020

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