‘Over expansion’ of universities is leaving students with ‘heavy debts for little economic benefit’

‘Over expansion’ of universities is leaving poorer students with ‘heavy debts for little economic benefit’ think tank warns as it calls for ‘radical reform’ of sector Dr Lee Jones and Dr Philip Cunliffe penned the report on universities’ struggles They recommend closing and merging some as well as making entry harder Universities are already facing … Read more

BUSINESS LIVE: Britain facing record economic slump BoE warns

BUSINESS LIVE: Bank of England warns Britain facing record economic slump as it keeps rates on hold at 0.1%; ITV’s profits plummet 93% By Jane Denton For Thisismoney Published: 08:11 BST, 6 August 2020 | Updated: 08:25 BST, 6 August 2020 The Bank of England has warned that Britain is facing a record economic slump … Read more

Economic recovery ‘being led by manufacturers’, says CBI

Manufacturers lead the way as Britain’s economy enters a ‘recovery phase’, says CBI By Dan Atkinson For The Mail On Sunday Published: 22:31 BST, 1 August 2020 | Updated: 23:05 BST, 1 August 2020 Britain’s economy has entered a ‘recovery phase’, with manufacturing leading the way, the latest figures from the Confederation of British Industry … Read more

Eurozone suffers biggest economic contraction

Eurozone suffers biggest economic contraction as countries across bloc are hammered by coronsvirus pandemic By Daily Mail City & Finance Reporter Published: 21:57 BST, 31 July 2020 | Updated: 22:17 BST, 31 July 2020 The eurozone suffered its biggest ever economic contraction over the spring as countries across the bloc were hammered by the Covid-19 … Read more

Plague and climate change triggered an economic downturn in the Byzantine Empire 1,500 years ago

Plague and climate change triggered a severe economic downturn on the fringe of the Byzantine Empire 1,500 years ago, a study of ancient grape pips has revealed. Researchers from Israel examined thousands of grape pips and cereal grains, as well as ceramic sherds from waste heaps in the Negev left behind in the mid-6th Century. … Read more

Councillor blames a perfect storm of ‘cultural, health and economic factors’ for Leicester outbreak

A perfect storm of ‘cultural, health and economic factors’ including large BAME families living in small terraced houses and poor residents who have had to work through lockdown while taking public transport have made one Leicester borough the epicenter of the city’s coronavirus outbreaks its councillor has said. And he also pointed to busy mosques … Read more

Angela Merkel says Britain will have to ‘live with the consequences’ of fewer economic ties with EU

Angela Merkel says Britain will have to ‘live with the consequences’ of Boris Johnson’s decision to loosen economic ties with the EU as German leader hardens her Brexit stance Angela Merkel has hardened her stance on a UK-EU Brexit trade deal  Ex-UK PM Theresa May was keen on keeping close ties with the European Union … Read more

IMF says global economic carnage in coronavirus pandemic will be much worse than expected

The International Monetary Fund has laid out the unprecedented economic devastation caused by the coronavirus pandemic, sharply lowering its forecast for global growth this year. The IMF said on Wednesday that this ‘crisis like no other’ would send the global GDP plunging by 4.9 percent this year and wipe out an astonishing $12 trillion over two years.  … Read more