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Statistics experts today raised questions over whether the UK has really been the worst hit major economy during coronavirus. Analysis from the government’s watchdog pointed out that many other countries in the G7 do not compile GDP figures in the same way. After Rishi Sunak complained that the data do not show the true … Read more
Rishi Sunak warns of ‘harder’ times to come with UK on track for double-dip recession despite signs of resilience with GDP only falling 2.6 per cent during second coronavirus lockdown in November GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for … Read more
GDP tumbled by 2.6 per cent in November as second coronavirus lockdown hammered the economy GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for the UK economy Warnings that the new lockdown mean a double-dip recession is ‘inevitable’ By James Tapsfield, … Read more
UK debt could reach 105% of GDP due to the Government’s Covid spending as the economy suffers its worst contraction in 300 years Top Treasury mandarin Sir Tom Scholar faced the Public Accounts Committee Said Government would press on with providing short-term support to economy Warned UK economy likely to see worst annual contraction for … Read more
International Monetary Fund DOWNGRADES its forecast for the UK economy and says it won’t return to pre-pandemic levels for at least a YEAR amid second wave and Brexit chaos as Rishi Sunak warns Britain must balance the books Rishi Sunak today stressed importance of the Government balancing the books The International Monetary Fund issued pessimistic … Read more
The coronavirus pandemic will cost the US an estimated $16 trillion – about 90 percent of the annual gross domestic product – in the next year, a new study suggests. Researchers say about half of the figure, $8.6 trillion, will be due to premature deaths and those who have long-term health implications from contracting COVID-19. … Read more
The UK’s coronavirus-hit economy could suffer a 13 per cent fall in GDP this year, with the threat of a second spike cases leading to more ‘economic uncertainty’, an expert has warned today. Economic expert Richard Hughes says the country has suffered an ‘exceptional economic shock’ due to the pandemic and warned that its GDP, … Read more
GDP plunged by 2.2 per cent in three months before lockdown – the biggest fall since 1979 and WORSE than previously thought – as the Treasury prepares to borrow another £50BILLION to prop up the economy GDP fell by more than thought in three months up to the coronavirus lockdown Revised figures show there was … Read more
Coronavirus meltdown means UK debt is bigger than GDP for the first time in 57 YEARS at nearly £2trillion after the government borrowed a record £55billion in May By James Tapsfield, Political Editor For Mailonline Published: 07:41 BST, 19 June 2020 | Updated: 07:41 BST, 19 June 2020 UK debt is bigger than GDP for … Read more
GDP plummeted by 20.4 PER CENT in April the biggest fall EVER as coronavirus wreaked havoc on the UK economy – with warnings the recovery might take years New figures show the scale of the devastation being wreaked on UK economy GDP slumped by a record 20.4 per cent in April, first full month of … Read more