UK tightens rules on big businesses to get £23bn in late payments owed under control January 18, 2021 UK tightens rules on big businesses to get £23bn in late payments owed under control
EU politicians pushing for ‘masterplan’ to steal City jobs from London and promote euro in global trade January 18, 2021 EU politicians pushing for 'masterplan' to steal banking jobs from London and promote euro in global trade
Before the Bell: Europe set for lower open on delayed recovery concerns January 18, 2021 After the early week exuberance of the first week of 2021, investor appetite for risk has taken a little bit of a knock the last week, largely down to concerns that the recovery story being priced in may well be a little premature, Michael Hewson, chief market analyst at CMC Markets UK, tells Morning Wire [...]
Salaries for those who kept their jobs through pandemic rose in 2020, says Reed January 18, 2021 Salaries for those who kept their jobs through pandemic rose in 2020, says Reed
UK set for double-dip recession as GDP plummets 2.6 per cent January 15, 2021 The UK economy shrank by 2.6 per cent in November as the Covid-19 pandemic took hold of multiple sectors across the country, according to new figures published this morning. The Bank of England estimates Britain’s economy shrank by just over 1 per cent over the final three months of 2020. With a new lockdown in [...]
US unemployment claims surge as Covid-19 cases ravage economy and jobs January 14, 2021 US unemployment claims surge as Covid-19 cases ravage economy and jobs
Christine Lagarde backs economic outlook despite Covid-19 resurgence in Europe January 13, 2021 The eurozone economy will rebound this year provided lockdown measures curb the Covid-19 pandemic, according to European Central Bank President Christine Lagarde. Speaking earlier today, Lagarde highlighted the importance of easing lockdown restrictions and delivering successful vaccination programmes, conceding that early rollouts had posed challenges. Last month, the ECB predicted economic growth of 3.9 per [...]
Our tech advances are difficult for productivity stats to compute January 13, 2021 One of the most depressing aspects of the decade of the 2010s, well before Covid-19 struck, was the apparently very slow growth in productivity. This is not a mere ivory tower issue. It is only through increasing productivity that rises in living standards can be sustained. Productivity is the key measure of the efficiency of [...]
Sterling strengthens after Bank boss Andrew Bailey dismisses negative rates talk January 12, 2021 The pound is stronger against the US dollar and the euro this evening after comments from Andrew Bailey
Bank of England bosses reassess 2021 GDP and jobs numbers as UK economy faces ‘darkest hour’ January 12, 2021 Bank of England boss Andrew Bailey and his deputy Ben Broadbent have today both signalled the effects of the UK’s third Covid-19 lockdown. In separate speeches, Bailey and Broadbent spoke on the impact of the current nationwide lockdown, the furlough extension and consumer behaviour. The UK economy was facing its “darkest hour”, but Bailey also [...]