Business and Economics
Business and Economics News
The UK’s debt pile of £1.95 trillion is at levels not seen since 1963
Government borrowing hits £55.2bn in May to cope with Covid-19 economic fallout
WEF calls for a ‘great reset’ of capitalism
With enough government support and private sector engagement we can ensure that tragedy is not "the only legacy" of the crisis.
Britain is about to export to Europe for the first time in 46 years – and it is woefully unprepared
The British Meat Processors Association warns that companies are about to be hit with a tsunami of red tape and extra costs.
Government should invest £15bn in firms and sell stakes to public – report
Unlocking Britain also proposes offering discounted shares to lower-paid NHS workers and younger people.
600,000 fewer in jobs since March in UK
The number of people temporarily away from work, including furloughed workers, also rose by six million.
Covid-19 – In April UK economy shrank more than many experts predicted
The UK went into lockdown on March 23 to slow the spread of coronavirus.
A no-deal would be like “setting the shed on fire” while the house was in flames – CBI
Carolyn Fairbairn warned the "resilience of British business is absolutely on the floor".
Britain’s economy set for biggest blow from Covid-19, warns OECD
The OECD said Britain’s economy was likely to slump by 11.5% in 2020, or 14% if there is a second wave of coronavirus.
Economists warn MPs over ‘really high unemployment’ due to virus
Torsten Bell told ministers at the Government’s Treasury Committee that households should prepare for a ‘big labour market shock’.