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13 May 21
The factors that led to the UK’s drastic economic contraction in 2020 should allow one of the strongest recoveries in Europe, a report has found.
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13 May 21
The UK economy shrank by 1.5% in the first three months of this year, although GDP started to recover as Covid-19 restrictions were eased, according to the Office for National Statistics.
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6 May 21
UK GDP is forecast to grow by 7.25% this year, as Covid-19 restrictions are lifted – the fastest growth since the Second World War, according to the Bank of England.
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13 Apr 21
The coronavirus pandemic led to a 7.8% GDP contraction the year to February, according to the Office for National Statistics.
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12 Mar 21
The UK’s GDP shrank by 2.9% in January, as Covid-19 restrictions and European Union import disruptions reduced economic activity, according to the Office for National Statistics.
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3 Mar 21
Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
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12 Feb 21
UK GDP fell by 9.9% in 2020, the largest yearly drop in more than 300 years, following the impact of Covid-19.
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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.
13 May 21The factors that led to the UK’s drastic economic contraction in 2020 should allow one of the strongest recoveries in Europe, a report has found.
13 May 21The UK economy shrank by 1.5% in the first three months of this year, although GDP started to recover as Covid-19 restrictions were eased, according to the Office for National Statistics.
6 May 21UK GDP is forecast to grow by 7.25% this year, as Covid-19 restrictions are lifted – the fastest growth since the Second World War, according to the Bank of England.
13 Apr 21The coronavirus pandemic led to a 7.8% GDP contraction the year to February, according to the Office for National Statistics.
12 Mar 21The UK’s GDP shrank by 2.9% in January, as Covid-19 restrictions and European Union import disruptions reduced economic activity, according to the Office for National Statistics.
12 Feb 21UK GDP fell by 9.9% in 2020, the largest yearly drop in more than 300 years, following the impact of Covid-19.
10 Dec 20UK GDP growth slowed to 0.4% in October prior to introduction of a second national lockdown, according to the Office for National Statistics.
25 Nov 20The 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.
24 Nov 20The 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.
20 Nov 20The government borrowed a record £214bn between April and October – although the figure was £77bn less than projections by the Office for Budget Responsibility.
13 Nov 20The 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.
28 Oct 20Scottish GDP fell by 19.4% during the second quarter of this year, according to statistics released by the Scottish Government.
9 Oct 20The 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.
10 Sep 20The 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.
3 Sep 20Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
