The economy faces shrinking by more than a third this quarter with two million people made jobless as coronavirus wreaks havoc, the government’s watchdog warned today. Shocking analysis from the Office for Budget Responsibility underlines the trade-offs being made to combat the deadly disease by putting the country into lockdown. It warns curbs staying in … Read more
Ministers fear Britons will not obey instructions to lift the coronavirus lockdown when the time comes despite the risk of lasting damage to the economy, it was revealed today. Foreign Secretary Dominic Raab has moved to quash the idea of an imminent loosening, with the UK now facing restrictions until at least May 7. But … Read more
Former Bank of England boss Lord King says UK well-prepared to deal with economic impact of coronavirus pandemic after 10 years of austerity By Daily Mail City & Finance Reporter Published: 21:55 BST, 12 April 2020 | Updated: 00:09 BST, 13 April 2020 The UK is well-prepared to deal with the economic impact of the … Read more
Former Bank of England boss Lord King says UK well-prepared to deal with economic impact of coronavirus pandemic after 10 years of austerity By Daily Mail City & Finance Reporter Published: 21:55 BST, 12 April 2020 | Updated: 21:55 BST, 12 April 2020 The UK is well-prepared to deal with the economic impact of the … Read more
Jacob Rees-Mogg’s investment firm is accused of exploiting worldwide market volatility caused by the coronavirus panic to rake in huge profits. The MP owns 15 percent of Somerset Capital Management, whose chiefs appear to be investing in businesses hit hard by falling stocks. Executives have told clients the international crisis is providing a ‘once in … Read more
The scale of the economic wipeout from Covid-19 is truly horrifying. As the lockdown has spread across the United States, the number of Americans filing jobless claims shot up to 6.65m – almost twice the number of just a week ago, ahead of all forecasts and bringing the two-week total up to 10m people. On … Read more
HAMISH MCRAE: Government and Bank can’t kick-start economic recovery by making us spend money that we no longer have or don’t want to part with after the health crisis is over By Hamish Mcrae, Financial Mail On Sunday Published: 22:55 BST, 28 March 2020 | Updated: 22:55 BST, 28 March 2020 At a human level, … Read more
We’ll lend firms £250k in 48 hours to survive the economic crisis, say banks By Helen Cahill For The Mail On Sunday Published: 23:06 GMT, 21 March 2020 | Updated: 23:06 GMT, 21 March 2020 The new emergency loans will be interest-free for the first year Banks will tomorrow promise to hand small businesses interest-free … Read more