Rishi Sunak hails ‘promising sign’ after GDP surged by 2.1% in March and official figures showed a smaller-than-expected 1.5% hit in first quarter amid third coronavirus lockdown By James Tapsfield, Political Editor For Mailonline Published: 07:16 BST, 12 May 2021 | Updated: 07:19 BST, 12 May 2021 Rishi Sunak hailed a ‘promising sign’ today as … Read more
Rishi Sunak hails ‘promising sign’ after GDP surged by 2.1% in March and official figures showed a smaller-than-expected 1.5% hit in first quarter amid third coronavirus lockdown By James Tapsfield, Political Editor For Mailonline Published: 07:16 BST, 12 May 2021 | Updated: 07:19 BST, 12 May 2021 Rishi Sunak hailed a ‘promising sign’ today as … Read more
UK GDP fell by almost three per cent in January, reversing a mini-bounce back recorded in December, as the latest national coronavirus lockdown hit the economy hard. New figures published this morning by the Office for National Statistics showed that GDP plunged by 2.9 per cent in the first month of the year. The contraction … Read more
GDP tumbled by 2.6 per cent in November as second coronavirus lockdown hammered the economy GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for the UK economy Warnings that the new lockdown mean a double-dip recession is ‘inevitable’ By James Tapsfield, … Read more
GDP tumbled by 2.6 per cent in November as second coronavirus lockdown hammered the economy GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for the UK economy Warnings that the new lockdown mean a double-dip recession is ‘inevitable’ By James Tapsfield, … Read more
International Monetary Fund DOWNGRADES its forecast for the UK economy and says it won’t return to pre-pandemic levels for at least a YEAR amid second wave and Brexit chaos as Rishi Sunak warns Britain must balance the books Rishi Sunak today stressed importance of the Government balancing the books The International Monetary Fund issued pessimistic … Read more
The coronavirus pandemic will cost the US an estimated $16 trillion – about 90 percent of the annual gross domestic product – in the next year, a new study suggests. Researchers say about half of the figure, $8.6 trillion, will be due to premature deaths and those who have long-term health implications from contracting COVID-19. … Read more
The UK’s coronavirus-hit economy could suffer a 13 per cent fall in GDP this year, with the threat of a second spike cases leading to more ‘economic uncertainty’, an expert has warned today. Economic expert Richard Hughes says the country has suffered an ‘exceptional economic shock’ due to the pandemic and warned that its GDP, … Read more
GDP plunged by 2.2 per cent in three months before lockdown – the biggest fall since 1979 and WORSE than previously thought – as the Treasury prepares to borrow another £50BILLION to prop up the economy GDP fell by more than thought in three months up to the coronavirus lockdown Revised figures show there was … Read more
Coronavirus meltdown means UK debt is bigger than GDP for the first time in 57 YEARS at nearly £2trillion after the government borrowed a record £55billion in May Public sector debt is bigger than the whole economy for first time since 1963 The government borrowed £55billion last month as lockdown caused turmoil The UK is … Read more