Economy NEWS

UK could be heading for double-dip recession

Activity in the UK’s private sector contracted in November as the national lockdown in England ended four months of expansion, according to early data. The IHS Markit/CIPS Flash UK Composite PMI is down … Continue reading “UK could be heading for double-dip recession”


Coronavirus: redundancies reach record high

UK employers made a record 314,000 redundancies in the three months to September, according to new figures from the Office for National Statistics (ONS). The unemployment rate rose to 4.8% in the same … Continue reading “Coronavirus: redundancies reach record high”


‘Real living wage’ for UK workers rises to £9.50 an hour

More than 250,000 people who work for an employer accredited with the Living Wage Foundation are set to get a pay rise. Almost 7,000 employers across the UK have pledged to pay the … Continue reading “‘Real living wage’ for UK workers rises to £9.50 an hour”


How will home working affect the UK economy?

UK businesses could suffer from a lack of creativity due to colleagues not being able to interact in the workplace during the Covid-19 crisis, the Bank of England’s chief economist has warned. Covid-19 … Continue reading “How will home working affect the UK economy?”


What is the main source of income for Spain?

Spain’s economy in 2020 ranks 57th in the world in terms of economic freedom and 25th in the world in terms of business environment, and is considered a very easy country to do … Continue reading “What is the main source of income for Spain?”


UK inflation rises to 0.5%

The UK’s headline rate of inflation climbed to 0.5% last month as restaurants, pubs and cafes raised their prices following the end of the Eat Out to Help Out scheme. Designed to support … Continue reading “UK inflation rises to 0.5%”


CFOs don’t expect recovery until next summer

Almost two-thirds (62%) of finance leaders in the UK believe that demand for their own businesses is unlikely to recover to pre-pandemic levels until after the second quarter of 2021. Despite the ongoing … Continue reading “CFOs don’t expect recovery until next summer”


UK unemployment hits three-year high

The unemployment rate in the UK has climbed to its highest level in over three years, according to the latest labour market figures from the Office for National Statistics (ONS). With the fallout … Continue reading “UK unemployment hits three-year high”


Almost 500,000 redundancies planned since start of pandemic

Employers in Britain were preparing to make 58,000 redundancies in August, taking the total to 498,000 for the first five months of the Covid-19 crisis. Figures released to the BBC in response to … Continue reading “Almost 500,000 redundancies planned since start of pandemic”


UK’s post-lockdown recovery ‘loses bounce’

The UK economy “lost some of its bounce” in September, with the initial rebound from Covid-19 lockdowns showing signs of fading, according to a new business survey. The IHS Markit/CIPS flash composite Purchasing … Continue reading “UK’s post-lockdown recovery ‘loses bounce’”


Navigate Articles by Page ....

1 2 3 32