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What can economic history teach us about the lockdown? The coronavirus pandemic is, of course, first and foremost a social crisis. It is testing the limits of the NHS, bringing out the best in our doctors, nurses and carers, and many others on whom we all rely. But it is also a huge challenge for … Read more
Fears are rising about the economic misery of coronavirus lockdown today amid deep Cabinet splits over how and when to ease the curbs. Foreign Secretary Dominic Raab has moved to quash the idea of an imminent loosening, with the UK now facing restrictions until at least May 7. But there is growing alarm about the … Read more
India and Pakistan are planning to open up some parts of their economies as strict lockdowns to battle Covid-19 threaten the livelihoods of millions in the region. Indian officials said the number of coronavirus cases in the country increased to 9,152 on Monday, including 308 deaths – a swift rise from fewer than 1,000 two … Read more
Former Bank of England boss Lord King says UK well-prepared to deal with economic impact of coronavirus pandemic after 10 years of austerity By Daily Mail City & Finance Reporter Published: 21:55 BST, 12 April 2020 | Updated: 21:55 BST, 12 April 2020 The UK is well-prepared to deal with the economic impact of the … Read more
The coronavirus pandemic could spark the ‘deepest economic recession of our lifetimes’ with global trade expected to plummet by up to a third in 2020, the World Trade Organisation warned today. ‘World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the COVID-19 pandemic disrupts normal economic … Read more
Jacob Rees-Mogg’s investment firm is accused of exploiting worldwide market volatility caused by the coronavirus panic to rake in huge profits. The MP owns 15 percent of Somerset Capital Management, whose chiefs appear to be investing in businesses hit hard by falling stocks. Executives have told clients the international crisis is providing a ‘once in … Read more
Former Secretary of State Henry Kissinger has warned coronavirus could cause global economic doom that could last for generations if appropriate measures aren’t taken. Kissinger, who served under President Nixon and President Ford, wrote an opinion piece for the Wall Street Journal on Friday, issuing a dire proclamation that ‘failure could set the world on … Read more
The scale of the economic wipeout from Covid-19 is truly horrifying. As the lockdown has spread across the United States, the number of Americans filing jobless claims shot up to 6.65m – almost twice the number of just a week ago, ahead of all forecasts and bringing the two-week total up to 10m people. On … Read more
Light at the end of the tunnel: Chinese economy picks up after the country starts to emerge from its coronavirus shutdown For the first time in months, some encouraging figures were released today China’s manufacturing purchasing managers’ index (PMI) rose to 52 in March But analysts have cautioned that a full near-term recovery is unlikely … Read more
HAMISH MCRAE: Government and Bank can’t kick-start economic recovery by making us spend money that we no longer have or don’t want to part with after the health crisis is over By Hamish Mcrae, Financial Mail On Sunday Published: 22:55 BST, 28 March 2020 | Updated: 22:55 BST, 28 March 2020 At a human level, … Read more