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.
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.
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...
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.
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
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.
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.
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.
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...
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.
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.
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.
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.
Northern Ireland’s economic recovery from Covid-19 is predicted to be a “long-term endeavour” and likely take longer than the rest of the UK and Ireland, according to a report from think-tank Pivotal...
An additional £3bn could be lost from the coronavirus-hit Scottish economy over the next two years if an extension to the Brexit transition period is not agreed, the Scottish Government has warned.
UK GDP contracted by 2% in the first quarter of this year, the biggest drop since the 2008 financial crisis, according to statistics from the Office for National Statistics.
A “radical economic package” should be put in place to help kick-start the economy post-coronavirus, according to a report from the Institute for Government.
