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3 mins read
UK unemployment hits its highest since 2016 just as several parts of the country return to strict lockdown before the holidays
The number of people unemployed in the three months to October rose by 241,000, taking the jobless …
Shalini Nagarajan
2 mins read
UK economy forecast to shrink by most since 1706
According to its own statistics, that would be the biggest annual rate of decline since 1706 when …
PTI
2 mins read
The UK economy will expand 7% in 2021 on COVID-19 vaccine rollout and Brexit trade deal, Goldman Sachs says
Over half of the country's population is expected to be immunized by March, pointing to a significa…
Shalini Nagarajan
4 mins read
Conservative former minister hired by Singapore firm owning £500 million property empire leased to the UK government
Alun Cairns, the ex-Secretary of State for Wales, will earn nearly £360 an hour to provide advice t…
Henry Dyer
2 mins read
UK retail sales roared higher in October, as consumers stocked up ahead of national lockdowns
UK retail sales rose for a sixth month in October, smashing expectations, as some consumers stocked…
Caterina Dassie
2 mins read
Global stocks rise as bond yields ease, while UK investors focus on upcoming budget
In the UK, investors are anticipating the government's 2021 budget, which will be presented by Chan…
Shalini Nagarajan
4 mins read
Boris Johnson announces new lockdown for England and warns of several thousand deaths a day
Europe facing a major spike in the coronavirus pandemic. France, Belgium, Germany, UK, and Sweden a…
Sophia Ankel
3 mins read
The traditional British pub is transforming into a digital office to beat the COVID-19 slump in trade
Pubs across the UK are reinventing themselves as office spaces for bored home workers, as the indus…
Sophia Ankel
2 mins read
The UK economic recovery is running out of steam - GDP grew just 2.1% in August despite government support
The UK economy grew by 2.1% in August, lower than analysts' expectations. Economics polled by Reute…
Saloni Sardana
3 mins read
The UK economy grew 6.6% in July as lockdowns eased, but has recovered only about half of lost output
"The UK economy is still 11.7% smaller than it was in February before the full impact of the corona…
Shalini Nagarajan
2 mins read
Gordon Ramsay says his restaurants have lost $80 million worth of turnover during the pandemic - and that's just in the UK
Ramsay, who owns 35 restaurants worldwide, said the three lockdowns in the UK have caused "utter de…
Kate Duffy
3 mins read
2 of Europe's top central bankers dropped hints that it might be time to start removing unprecedented coronavirus stimulus packages
Indicators suggest that global economies and the UK have recovered sooner and "materially faster" t…
Shalini Nagarajan
1 min read
UK government unveils £4.6 billion in new lockdown stimulus for businesses hard-hit by COVID-19
Government announces almost £5 billion in help for retail, hospitality and leisure firms, after new…
Amanda Cooper
3 mins read
Bank of England expands bond-buying and cuts economic growth forecasts as COVID-19 lockdowns hit the UK
The Bank of England says the UK economy will shrink more than expected, as COVID-19 lockdowns hit a…
Amanda Cooper
2 mins read
UK unemployment hits 3-year high in August, as COVID-19 sees nearly 3 million people claim jobless benefits
The jobs data was worse than expected as economists predicted the unemployment rate would rise to 4…
Shalini Nagarajan
2 mins read
UK house prices hit an all-time high — but experts warn the surge could be short-lived
UK house prices have risen to record levels, following pent-up demand and stamp duty holiday. But e…
Kate Duffy
3 mins read
Eurozone economy avoids stagnation in September as German factories get boost from export demand
The UK also lost momentum in the last month, even before new measures were imposed by the governmen…
Shalini Nagarajan
2 mins read
Costa Coffee says it may cut up to 1,650 UK jobs, and cites long-term uncertainty caused by pandemic
Costa Coffee may cut 10% of its UK workforce as its sales fail to return to pre-pandemic levels.
Grace Dean
2 mins read
The number of people employed in the UK dropped by the most since 2009 — a sign the jobs market may face yet more pain from the COVID-19 crisis
"The alarm bells couldn't be ringing any louder. Ministers must act now to protect and create jobs,…
Shalini Nagarajan
3 mins read
The coronavirus pandemic will fundamentally shift how the UK economy works forever. Here are 5 ways it will change.
The current scale of government intervention used to protect the nation will add pressure to aid ot…