UK economy sees largest quarterly fall since 1979
GDP dropped by a quarterly 2.2% between January and March...
Tag : uk economy
BoE announces new £100 bn stimulus package for the UK
Threadneedle Street’s nine-member monetary policy committee has raised concerns that jobs could be more intense in retailing and hospitality...
UK economy to shrink by 8% in 2020: Reports
Official figures showed Britain’s economy shrank by a record 20.4% in April...
UK to witness a £300bn budget deficit in the current financial year
Government borrowing is equivalent to more than 15% of economic output...
UK banks demonstrate financial strength to cope with Covid-19: BOE
The central bank observed that the UK is facing its harshest recession in 300 years...
IHS Markit: UK economy set for a 7% quarterly contraction
The information provider company expects the actual decline in GDP to be even greater...
2020: Recession proof your business
It is hard to predict a recession and its outcome, but nevertheless businesses can be prepared for it...
UK banks expect rise in demand for credit card borrowing
The Bank of England predicts credit card borrowing by households will increase by 14.3 percent over next three month...
Britain’s economic risks have ‘intensified’, BOE economist says
Economist Gertjan Vlieghe said that the British economy would accelerate in the absence of trade tensions and Brexit uncertainty...