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15 Jan 21
The UK’s economy shrank by 2.6% in November, as a result of the second English lockdown, according to the Office for National Statistics.
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10 Dec 20
UK GDP growth slowed to 0.4% in October prior to introduction of a second national lockdown, according to the Office for National Statistics.
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25 Nov 20
The government is set to borrow a peacetime record £394bn this year, as it funds Covid-19 support measures, according to the Office for Budget Responsibility.
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24 Nov 20
The UK’s GDP is forecast to decrease by as much as 3.6% in the final three months of this year as result of the second lockdown, according to advisory firm PwC.
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20 Nov 20
The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
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18 Nov 20
Monetary policy will attempt to combat long-term scarring to UK GDP from Covid-19 forecast at £40bn a year, according to a deputy governor of the Bank of England.
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13 Nov 20
The UK’s second Covid-19 lockdown is set to knock a further half per cent off GDP this year, according to ratings agency Moody’s.
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12 Nov 20
UK GDP soared by a record 15.5% in the third quarter of this year as lockdown measures were loosened, according to the Office for National Statistics.
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5 Nov 20
The Bank of England has announced plans for another £150bn of quantitative easing, as Covid-19 impacts further on the UK’s economic recovery.
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28 Oct 20
Scottish GDP fell by 19.4% during the second quarter of this year, according to statistics released by the Scottish Government.
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26 Oct 20
The UK’s credit rating could be upgraded if a post-Brexit trade deal is agreed with the European Union, according to ratings agency Standard and Poor’s.
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9 Oct 20
The UK’s GDP growth slowed to 2.1% in August as the UK’s economic recovery from Covid-19 continues, according to the Office for National Statistics.
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1 Oct 20
The UK’s GDP dropped by a record 19.8% during the second quarter of this year, according to revised figures from the Office for National Statistics.
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11 Sep 20
The UK economy continued its recovery in July as GDP rose by 6.6% month-on-month, the third consecutive month of growth following April’s record GDP fall of 20%, according to the Office for National...
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10 Sep 20
The government’s Internal Market Bill could make a future free trade deal with the European Union harder, leaving UK GDP 2% worse off, according to ratings agency Fitch.
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3 Sep 20
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
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21 Aug 20
UK public sector net debt reached £2trn for the first time in July, in part down to the increased borrowing resulting from Covid-19.
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20 Aug 20
Economists’ predictions for the contraction in the UK’s GDP following Covid-19 became more pessimistic in August, according to the latest independent forecasts published by the Treasury.
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12 Aug 20
The recession caused by the Covid-19 pandemic has led to the biggest fall in the UK's quarterly gross domestic product since records began, according to the Office for National Statistics.
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6 Aug 20
The Bank of England will continue to review the potential of negative interest rates, to help stimulate the UK’s economic recovery from Covid-19, it said today.
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29 Jul 20
Savings made by private sector firms and employees during lockdown could help pay for tax rises to cover the repayment of government Covid-19 debt, according to the National Institute of Economic and...
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27 Jul 20
The UK’s economic recovery from Covid-19 may not take place until late-2024, as hopes of a V-shaped recovery “diminish”, according to economists at advisory firm EY.
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24 Jul 20
Ratings agency Moody’s has warned that it could downgrade the UK’s credit rating if it fails to provide a credible debt reduction strategy following Covid-19.
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21 Jul 20
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
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9 Jul 20
Government borrowing in response to Covid-19 could rise to £500bn in the wake of chancellor Rishi Sunak’s economic package announced yesterday, according to the Institute for Fiscal Studies.