Economy NEWS

Partial rebound for UK exports to EU in February

UK exports to the European Union partially rebounded in February after a record slump at the start of the year. Figures from the Office for National Statistics (ONS) show that exports to the … Continue reading “Partial rebound for UK exports to EU in February”


Car sales on the rise again

The UK new car market is showing signs of life, and the industry is looking forward to a further boost as showrooms prepare to reopen. The latest figures from the Society of Motor … Continue reading “Car sales on the rise again”


Older shoppers returning to the supermarket

Households across the UK made 13 million more supermarket trips in March compared with the previous month, and there are signs of growing confidence among older shoppers in particular. New figures from market … Continue reading “Older shoppers returning to the supermarket”


Gradual rise in UK payroll employees

The number of workers on company payrolls in the UK is gradually increasing but is still significantly down on last year, according to the latest data. In February 2021, 68,000 more people were … Continue reading “Gradual rise in UK payroll employees”


Hand sanitiser added to ONS basket of goods

Increased demand for hand sanitiser gel and loungewear during the pandemic means that these items are now being used to calculate the cost of living in the UK. It comes after the spread … Continue reading “Hand sanitiser added to ONS basket of goods”


BoE governor cautiously optimistic on post-Covid recovery

There is “light at the end of the tunnel” for the UK economy, according to the governor of the Bank of England, Andrew Bailey. In a speech to the Resolution Foundation think-tank, Bailey … Continue reading “BoE governor cautiously optimistic on post-Covid recovery”


Furlough extension and rise in corporation tax among measures announced in Budget

Chancellor Rishi Sunak has set out new measures to support the UK’s recovery from Covid-19, including an extension to the furlough scheme and a future increase in corporation tax. The Coronavirus Job Retention … Continue reading “Furlough extension and rise in corporation tax among measures announced in Budget”


Now is ‘not the time’ for tax rises, MPs say

Tax increases in the upcoming Budget could undermine the UK’s economic recovery from Covid-19, the Treasury Committee has warned. In a cross-party report published as part of its Tax After Coronavirus inquiry, the … Continue reading “Now is ‘not the time’ for tax rises, MPs say”


IMF anticipates ‘vaccine-powered’ rise in economic activity

With vaccines against Covid-19 expected to be widely available by the summer, the International Monetary Fund (IMF) is anticipating a pick-up in global economic activity later this year. Its latest growth forecast projects … Continue reading “IMF anticipates ‘vaccine-powered’ rise in economic activity”


UK unemployment climbs to 5%

Unemployment in the UK has continued to rise, driven by a big increase in redundancies, according to the latest monthly report from the Office for National Statistics (ONS). In the three months to … Continue reading “UK unemployment climbs to 5%”


Navigate Articles by Page ....

1 2 3 34