Economy News

US oil prices fall to below $0 a barrel for the first time ever and commodities are affected

Everything You Need to Know About The Oil Price Collapse

Last year saw oil prices tumble to a new low, which had a chaotic effect on currencies. Discover everything about the oil price collapse here.
UK economy expected to grow faster than the US

UK economy could grow faster than the US economy

Goldman Sachs and Barclays believe the UK economy is set to outpace the US economy in 2021, predicting the biggest economic boom since WWII. Goldman Sachs highlighted April's better-than-expected flash PMI reading and the stronger-than-expected jump in UK Retail Sales data for March to support their argument that Britain will grow faster than the US economy this year.
retail

UK Economy Set for Very Rapid Growth Say Bank of England

The UK economy has seen a significant rise in consumer spending during April following the reopening of business, paving the way for a sharp economic recovery. The Bank of England (BoE) Deputy Governor, Ben Broadbent, has stated that Britain's economy will experience 'very rapid' growth over the coming quarters due to...
UK Economy

UK Economy on the Rise Following strong Retail Sales and PMI Data

The UK economy is on the road to recovery following the reopening of non-essential businesses last week and the release of positive retail sales and PMI data this morning. The Office for National Statistics (ONS) has revealed that UK retail sales for March rose by 5.4% month on month, substantially higher than...

UK Inflation Driven by Rising Petrol Costs

UK inflation rose during March, and whilst just under economists’ expectations, economists expect inflation will rise further as coronavirus restrictions continue to ease and the economy is unlocked, with pent-up consumer demand for goods and services
Hair and beauty salons

UK on course for strong Q2 following economic slump in January

Following a difficult start to 2021, the UK looks poised for a sharp economic recovery in Q2 as businesses reopen in April.
US economic outlook (GDP)

UK economy to be fuelled by consumer spending boom

April is expected to experience a sharp surge in consumer spending which looks to fuel the UK economy and provide a strong Q2.
UK unemployment rate beats forecasts

UK unemployment rate beats forecast and falls to 5%

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The UK labour market improved slightly in February and the unemployment rate fell back to 5%. One-third of small businesses are still in fear of going bust.
Riski Sunak Budget

Budget 2021 key points: Rishi Sunak’s COVID-19 recovery plan

What you need to know about Rishi Sunak’s UK Budget 2021 - furlough extension, self-employed grants, tax hikes and restart grants for businesses. Read our complete review of the March 2021 UK Budget and how it impacts both business and people individually...
UK nightlife industry

UK avoids double-dip recession despite 2020 slump

The UK appears to have avoided the anticipated double dip recession as outlook for the UK economy continues to improve
Boris-Johnson-to-increase-homeownership

UK consumer confidence at highest level since pandemic

UK economic outlook is continuing to improve as its revealed the UK consumer confidence has risen to its highest level since the start of the coronavirus pandemic.
Unlock UK Economy

UK Prepares for economic recovery

The UK economy is set to see a sharp recovery next week as businesses reopen and public spending expected to surge.
Unlock UK Economy

IMF raises global growth forecast

With the global economic outlook becoming increasingly optimistic, the IMF has raised their global growth forecast for 2021 and 2022.
Employers implement COVID testing and safety measures

COVID-19 vaccinations: Employee rights in the workplace

As businesses prepare to reopen, we take a look at the rights of workers when it comes to COVID-19 vaccinations.
UK Business Confidence

Rishi Sunak launches Recovery Loan Scheme to boost UK growth

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Chancellor Rishi Sunak launches a Recovery Loan Scheme to boost Brexit Britain’s growth. The UK expected to outstrip Europe due to vaccine success.
The Office for National Statistics (ONS) has upwardly revised UK economic growth projection for 2021 after Q4 gross domestic product (GDP) data for 2020 revealed that Britain's COVID-19-battered economy beat forecasts. While the UK economy remains smaller than its pre-pandemic levels

UK economy forecast to bounce back stronger-than-expected

The Office for National Statistics (ONS) has upwardly revised UK economic growth projection for 2021 after Q4 gross domestic product (GDP) data for 2020 revealed that Britain's COVID-19-battered economy beat forecasts. While the UK economy remains smaller than its pre-pandemic levels...
EU Belgium

European Central Bank and Bank of England tell same old story

It’s as you were for interest rates in the United Kingdom and the European Union – and it could be that way for some time. During recent monetary policy meetings for both the European Central Bank (ECB) and Bank of England (BoE), both declared...
Rishi Sunak unveils GBP 30bn coronavirus recovery package

Rishi Sunak extends furlough scheme to September

Further support will be offered to workers impacted by the coronavirus crisis as the chancellor extends the furlough scheme to the end of September.