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Bedlam. Shortly after 10pm on Thursday, I wandered outside after a business dinner in Central London and tried to get home. The streets were packed with people and cars. No one was going anywhere fast. The buses were full. The nearest Underground station was backed up with a long queue. Everywhere pedestrians were packed together … Read more
HAMISH MCRAE: Coming weeks will be difficult, but recessions, whatever their cause, always feel pretty dreadful – so far long slog out of this one is intact By Hamish Mcrae, Financial Mail On Sunday Published: 21:51 BST, 10 October 2020 | Updated: 21:51 BST, 10 October 2020 It is a glum autumn and it is … Read more
RUTH SUNDERLAND: When people lack confidence, they pile money into savings accounts, even at negative rates – only solution is to restore calm Consumer spending has recovered, even though consumer confidence is low Britons are saving at extraordinarily high levels, even though they are losing money in real terms as a result By Ruth Sunderland … Read more
UK’s economic plunge at the peak of coronavirus lockdown was not quite as bad as thought – but GDP still fell a record 19.8% in second quarter By James Tapsfield, Political Editor For Mailonline Published: 08:18 BST, 30 September 2020 | Updated: 08:18 BST, 30 September 2020 The UK’s economic plunge at the peak of … Read more
The Chancellor’s emergency decision to cancel the November budget and instead unveil a new winter plan today to preserve jobs and support enterprise is an indication of the grave economic uncertainty this country now faces. Uncertainty made far worse by the Government’s latest measures to contain the pandemic. Rishi Sunak’s surprise autumn package, which comes … Read more
Archbishop of Canterbury Justin Welby warns of devastating economic impact of a second lockdown as new coronavirus restrictions come into force Archbishop of Canterbury warned of the economic impact of second lockdown Justin Welby wrote letter with Archbishop of York, the Most Rev Stephen Cottrell The said: ‘Our national situation is much more complicated than it … Read more
Britain’s economic recovery had lost steam even before virus crackdown, latest figures show By Lucy White For The Daily Mail Published: 21:57 BST, 23 September 2020 | Updated: 21:57 BST, 23 September 2020 Britain’s economic recovery was slowing down even before the Government imposed new lockdown restrictions this week, figures suggest. Growth in the manufacturing … Read more
Schools must stay open to protect children’s mental health and avoid the ‘immense’ economic and social consequences of another closure, scientists have warned. Speaking at a meeting of the House of Lords Science and Technology Committee via Zoom today, professors said Britain’s children and young people had missed out on crucial social interactions due to … Read more
The threat of a second national lockdown, just as the UK’s resilient economy shows signs of recovering from the first, is a thoroughly depressing prospect. It illustrates so clearly the dilemma of a government under pressure to save the vulnerable from the scourge of Covid-19, but also wanting to avoid plunging the citizens of Britain … Read more
The pandemic delivered the deepest and swiftest American downturn in modern history in the first half of 2020, with unemployment soaring to 22m and output plunging. As the presidential election campaign enters its final 60 days, the strategy of Democrat candidate Joe Biden is to pin the blame for the cruel economic fallout on Donald … Read more