Economy

UK GDP shrinks by 2.6%

GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal. Figures released by the…

Read More »

UK retail sales grow for fifth consecutive month

Retail sales in the UK have risen for the fifth consecutive month, despite the introduction of the tiered lockdown system,…

Read More »

UK inflation slumps to five-year low

The Consumer Prices Index (CPI) 12-month rate fell to 0.2% in August 2020, down from 1.0% in July, according to…

Read More »

Government launches new ‘bounce back’ plan for retailers

A new series of measures has been announced by the UK Government to support businesses in the consumer and retail…

Read More »

UK retail sales increase by 4.7% in August

UK retail sales in August have increased by 4.7% on a like-for-like basis from August 2019, according to figures released…

Read More »

GDP to contract £15.3bn each year if home working persists

Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP…

Read More »

Record economic growth anticipated for Q3

The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp…

Read More »

UK in recession following 20% GDP slump

The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the…

Read More »

June retail sales show signs of recovery

Retail sales increased by 3.4% in June, against a decrease of 1.6% in June 2019, marking the first signs of…

Read More »

Chancellor unveils new £9bn retention scheme

Chancellor Rishi Sunak has unveiled a new scheme to pay companies £1,000 bonus per employee for those they keep on…

Read More »