Election jitters sent economy into reverse: Output fell 3% in November, latest figures show By Lucy White For The Daily Mail Published: 21:50 BST, 13 January 2020 | Updated: 21:50 BST, 13 January 2020 The economy slammed into reverse ahead of the General Election as political uncertainty hammered business. Output fell by 0.3 per cent … Read more
The huge impact of the Covid-19 pandemic on Britain’s economy is starting to emerge, fresh data revealed today. With the services and manufacturing sectors thrown into deep freeze, output in both sectors has fallen off a cliff. The closely-watched Markit/CIPS Flash UK Composite Purchasing Managers’ Index fell to a new record low of 12.9 – … Read more
Is THIS what flying economy class will look like after the coronavirus crisis? Designs emerge of cabins where passengers are shielded by screens to help prevent further outbreaks Italian-based design firm Aviointeriors has come up with two cabin concepts The ‘Janus’ layout would see the middle seat on a row placed in a reverse position … Read more
Economy ‘will remain weak after lockdown is lifted’, warns Bank of England By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 April 2020 | Updated: 21:50 BST, 20 April 2020 The Bank of England has cautioned that even if the Covid-19 lockdown is lifted the economy will remain weak. Deputy governor Ben Broadbent … Read more
Coronavirus wipes more than £200bn off the global economy: World set for weakest growth since financial crisis, experts warn By Lucy White For The Daily Mail Published: 21:51 BST, 10 February 2020 | Updated: 21:51 BST, 10 February 2020 The global economy faces its worst quarter since the financial crisis as the coronavirus wipes more … Read more
Treasury warns that Britain’s economic recovery will be a prolonged U-shaped curve that will hit the country harder Internal report warned the economy could take years to recover from outbreak The analysis, circulated to ministers last week, indicated permanent damage It comes as Rishi Sunak is set to announce further £1.25billion business package Money will … Read more
Treasury warns that Britain’s economic recovery will be a prolonged U-shaped curve that will hit the country harder Internal report warned the economy could take years to recover from outbreak The analysis, circulated to ministers last week, indicated permanent damage It comes as Rishi Sunak is set to announce further £1.25billion business package Money will … Read more
China’s economy shrinks 6.8pc in first three months of 2020 – the first quarterly contraction since 1976 By Daily Mail City & Finance Reporter Published: 21:50 BST, 17 April 2020 | Updated: 22:18 BST, 17 April 2020 China’s economy shrank 6.8 per cent in the first three months of 2020 – the first quarterly contraction … Read more
UK economy losing £2bn every day in deepest slump since Great Depression By Hugo Duncan And Ruth Sunderland For The Daily Mail Published: 22:29 BST, 16 April 2020 | Updated: 22:29 BST, 16 April 2020 The coronavirus lockdown has already wiped £50 billion off the economy as the UK plunges into the deepest slump since … Read more
What we think of as ‘valuable’ is changing amid coronavirus and firms will be judge on how they behaved, says former BoE governor Mark Carney He said companies would be judged by ‘what they did during the war’ This meant how they treated employees, suppliers and customers Writing in The Economist, he said the pandemic … Read more