Business and Economics
Business and Economics News
UK economy will suffer extremely large hit from coronavirus
Monetary Policy Committee member Silvana Tenreyro cautioned the UK recovery is likely to be ‘less V-shaped than one would like’.
Government structure the ‘real source of loan scheme problems’
It is a "classic example of trying to be too clever and forgetting what you are meant to achieve".
Jeff Bezos net worth boosted by $24bn as demand for online shopping soars
Nice to see someone is doing well out of the pandemic.
Just 6,000 UK loans made to businesses out of 300,000 enquiries
Shadow business secretary Ed Miliband said that the scheme “is simply not working well enough” after the figures were revealed.
Two million could lose jobs amid Covid-19 crisis, watchdog warns
Labour leader Sir Keir Starmer has urged the Government to publish its exit strategy from the lockdown this week.
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.