Britain’s economy will lose £18 BILION if international travel restrictions remain in place until the summer, MPs warn Aviation group found lack of tourists would cause loss of £7.5bn to hospitality Outbound travel is expected to be hit with losses of £10.5bn with restrictions Bosses have said that government needs to offer significant support package … Read more
Rishi Sunak was today warned that hiking taxes too early risks wrecking the fledgling economic recovery as a think-tank said the UK faces the biggest hit in the G7 The respected NIESR urged the Chancellor to be cautious in his Budget next month, despite hints that he intends to start repairing the battered public finances. … Read more
Bank of England cuts growth forecasts for this year as it predicts a 4 per cent downturn in first quarter leaving economy 12 PER CENT smaller than before Covid – but says latest lockdown is doing less damage Bank of England has issues its updated forecasts for how UK’s economy will fare Downgraded the estimates … Read more
IMF downgrades UK growth forecast for this year to 4.5 per cent as renewed Covid lockdowns smother recovery By James Tapsfield, Political Editor For Mailonline Published: 15:41 GMT, 26 January 2021 | Updated: 15:41 GMT, 26 January 2021 The IMF has downgraded its forecast for UK growth this year to 4.5 per cent as renewed … Read more
RUTH SUNDERLAND: There’s hope this house price boom may be far from over By Ruth Sunderland Business Editor For The Daily Mail Published: 00:59 GMT, 21 January 2021 | Updated: 01:00 GMT, 21 January 2021 COVID-19 has caused more damage to the UK economy than any other crisis in living memory, yet the housing market … Read more
Heading back to square one: January shopping levels are just one third of what they were last year, furlough numbers are INCREASING and 15 per cent of businesses fear they won’t survive the next three months New Office for National Statistics data paints a grim picture for UK businesses Retail footfall in week ending January … Read more
Deliveroo will expand to 100 new towns and cities across UK for an additional four MILLION customers following surge in demand during pandemic Food delivery service Deliveroo will expand reach to 100 new cities and towns Currently operates in over 200 locations but will reach four million more people Additional customers will be able to access … Read more
BREAKING NEWS: Arsenal take out a £120m loan through Bank of England’s Covid scheme to help them cope with the impact of the pandemic – despite splashing out £45m on one player in October and paying Mesut Ozil £350k-a-week but not playing him Arsenal announced they have borrowed £120million from the Bank of England … Read more
UK economy surged by 16 per cent between July and September – the highest rise ever recorded – but still not enough to offset an even bigger fall between April and June with GDP almost NINE PER CENT below where it was at the end of 2019 UK GDP increased by an estimated 16 per … Read more
UK economy grew by just 0.4% in October but remains 7.9% below pre-pandemic levels, latest figures show, as industry bosses warn it won’t fully recover until the END of 2022 UK economy has grown for six months running according to official statistics Office for National Statistics says it has grown by 23.4% since spring recession … Read more
Fears over duty-free jobs disaster when Britain ends VAT refunds for foreign visitors to UK shops next month Chancellor Rishi Sunak will end VAT refunds for foreign visitors to UK shops Businesses and MPs have warned that 40,000 jobs will be lost due to the move High street chains fight to recover after a year … Read more
TopShop and other Arcadia stores will only now accept gift cards as half of any purchase as group goes into administration with 13,000 workers facing the axe TopShop and other Arcadia stores stopped accepting gift cards online Even when used in stores they can only cover half the cost of a purchase Administrators are not … Read more
Keir Starmer accuses Boris Johnson of ‘suppressing’ evidence on economic hit from lockdown tiers amid clamour for ‘secret’ dossier to be released Sir Keir Starmer challenged Boris Johnson to release Covid economic dossier He accused PM of ‘trying to suppress the evidence of what is actually going on’ He said if PM does not publish … Read more