There are probably more jokes about economists than there are economists themselves. The oldest is that if you bring ten economists together you will get eleven opinions. Which makes what is happening in this Covid-stricken world so remarkable. Economists actually agree with each other — up to a point. They agree that we are facing … Read more
The cost of lockdown on Britain’s economy ‘has not been worth the lives saved’, study claims Lockdown ‘has not been worth the lives saved in economic terms’, study says NHS formula says damage is £70billion greater than value of years of life saved A study urges the Government to ditch blanket lockdown policies By Lucy … Read more
Inflation edges up to 0.6 per cent as summer clothes sales fail to materialise and prices for computer games rise during lockdown Inflation on CPI measure edged up from 0.5 per cent to 0.6 per cent last month Summer clothes sales failed to materialise and computer games costs went up Rises were offset by vegetable … Read more
Is Britain bouncing back? Construction industry starts growing again at fastest rate for two years after suffering worst plunge EVER during coronavirus lockdown Construction industry returned to growth last month according to key index PMI measure came in at 55.3 with anything above 50 meaning sector expanding Uptick follows the lowest rating in history in … Read more
A British judge has today refused to give Venezuela control of more than $1 billion (£800 million) of gold bullion sitting in the Bank of England. Mr Justice Teare’s ruling found it unlawful to hand over the haul to President Nicolas Madura because the UK does not recognise him as head of state. Instead, the … Read more
Outsider chosen to run City watchdog – with interim boss Chris Woolard shunned by the Treasury By Lucy White For The Daily Mail Published: 21:56 BST, 22 June 2020 | Updated: 22:05 BST, 22 June 2020 An outsider has been chosen to run the City watchdog – with interim boss Chris Woolard shunned by the … Read more
Government could have effectively gone BUST if the Bank of England had not bailed it out at the start of coronavirus crisis, says governor Andrew Bailey Andrew Bailey said government could have gone bust without Bank stepping in UK borrowing soared as the coronavirus crisis took its grip around the world Public debt is now … Read more
Bank of England pumps another £100BILLION into UK economy: Cash-printing measures now hit £745billion in bid to stave off coronavirus economic meltdown The Bank of England believes the UK could face its worst recession in 300 years The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
Bank of England’s cash-printing programme ‘could hit £1trillion during coronavirus crisis’ The Bank of England believes the UK could face its worst recession in 300 years The Bank’s money-printing programme could hit £1 trillion during the pandemic The UK economy has been significantly impacted during the coronavirus crisis Statistics reveal UK inflation fell to a … Read more
Bank of England ‘warns City to brace for Brexit trade talks to FAIL’ amid bitter stand-off between UK and the EU with clock running down Bank of England said to have urged City to brace for no deal in UK-EU trade talks Businesses increasingly alarmed at deadlock in the talks between the two sides EU … Read more
A THIRD of UK workforce is being subsidised by the government and job adverts fall by 50% – as Bank of England chief warns coronavirus recovery will be tough Bank of England governor Andrew Bailey has warned on hopes of bounceback New figures show online job adverts have fallen by half between March and May … Read more
THIRD of UK workforce is being subsidised by the government and job adverts fall by 50% – as Bank of England chief warns coronavirus recovery will be ‘tough’ Bank of England governor Andrew Bailey has warned on hopes of bounceback New figures show online job adverts have fallen by half between March and May Around … Read more
The grim consequences for UK plc of the coronavirus crisis are becoming clearer with every passing day – as GDP goes into free-fall, public debt soars past £2trillion and millions become unemployed. Apocalyptic predictions from the Bank of England and others show the UK is on track for the worst recession in 300 years, when … Read more