Business and Economics
Business and Economics News
UK economy could sink 35% and unemployment hit 3.4 million, OBR says
Unemployment is expected to hit 3.4 million, the independent group added.
The government’s Covid-19 response risks tipping the economy into a death spiral – here’s what they should do
Rishi Sunak’s rescue plan is predicated on replacing revenues with loans – turning assets into liabilities - which could cause a bottom-up collapse of the economy.
Call for veil of secrecy to be lifted as £5.5bn public money spent bailing out big business
The Government and Bank of England refuse to let the public know which corporates are being bailed out with public funds.
Tech firms unable to access emergency bailout money because they invested in expansion and innovation
The rescue scheme has been criticised for killing the companies of the future to fund no-growth companies of the past.
UK economy slumped in February before Coronavirus impact
The Office for National Statistics (ONS) said UK GDP fell by 0.1% during the month, as it slipped from 0.1% growth in January.
Sunak’s small business relief is ‘qualifying out’ small businesses
The Chancellor’s measures demonstrate how 'new-economy' companies are confounding the government at all levels.
Britain’s small businesses likely be hit the hardest by coronavirus
The researchers are calling for ministers to ramp up financial support and access to advice for the smallest businesses to ensure their survival.
Business leaders: We want to hear from you
The Chancellor was lauded for his generous rescue schemes, but for many businesses the help simply is not there.
Sunak’s small business rescue plan has one major flaw – the banks don’t want to lend
In classic hedge fund manager-style he has put in place an overly complicated scheme that eliminates risk and allows the government to maintain its ideological position.