Economics
Government borrowing soared nearly sixfold in December as overall debt hits record £2.13 trillion
It means that debt is now 99.4% the size of gross domestic product (GDP), which measures the value of all goods and services produced in the UK. This level had not previously been reached since 1962.
Watch what happens to the UK’s debt pile under the Conservatives
It means the UK’s overall debt is now around 99.5 per cent of gross domestic product (GDP), which is a measure of the size of the economy – a level not seen since 1962.
‘Very rough start to the Christmas week’ as stock markets and sterling take hit over Covid-19 and Brexit fears
The pound could see a “severe downside shock if there is no deal by Christmas”.
Fifty years of tax cuts for rich did not trickle down – study concludes
The research comes at a crucial time as policy makers weigh up how pay for the coronavirus pandemic.
UK economic growth slows sharply in October with difficult year ahead as Brexit deadline looms large
The British Chambers of Commerce (BCC) warned over a difficult year-end for the economy, with the December 31 Brexit deadline also looming large.
Spending Review: ‘Real terms cut for the very people who have carried us through this pandemic’
“There won’t be a ‘pause’ in how much rent, mortgages, food and transport costs.
Long-term economic damage from no-deal Brexit likely to be worse than pandemic, warns Bank of England
“The models would suggest that the effects of a WTO no-deal trade agreement are longer term."
$427bn lost annually to tax evasion as UK hands out billions in Covid bailouts to firms based offshore
"Our governments have programmed the global tax system to prioritise the desires of the wealthiest corporations and individuals over the needs of everybody else."
Eurozone growth soars by record 12.7% as IMF cuts growth predictions for UK
The European rebound was the largest increase since statistics started in 1995.