Boris Johnson’s former economic adviser is set to hand Cabinet Ministers a detailed plan to safely reboot Britain’s economy, The Mail on Sunday can reveal. Gerard Lyons, a highly respected economist who was in the running to become Bank of England Governor, will lay out how shops could reopen within weeks under strict social distancing … Read more
Elon Musk took to Twitter to share a grim meme referencing the state of the world economy in the wake of the coronavirus pandemic. Musk shared a meme Friday of an asteroid smashing through Earth and a far away astronaut exclaiming: ‘Oh God, The economy!’ The controversial entrepreneur captioned the image simply: ‘But actually.’ Someone … Read more
Coronavirus wipes more than £200bn off the global economy: World set for weakest growth since financial crisis, experts warn By Lucy White For The Daily Mail Published: 21:51 BST, 10 February 2020 | Updated: 21:51 BST, 10 February 2020 The global economy faces its worst quarter since the financial crisis as the coronavirus wipes more … Read more
RUTH SUNDERLAND: Coronavirus could be the catalyst to a far fairer and better-functioning economy By Ruth Sunderland for the Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 22:15 BST, 5 April 2020 Right now, with the virus death toll mounting and millions of us fearful for our jobs and businesses, it is very … Read more
We have to get the economy going again, and it is time to start thinking about how this might safely be done. Sadly, the peak in UK deaths may not be for another week, as the Health Secretary Matt Hancock has warned. Even then, severe restrictions on movement will surely remain in place, and may … Read more
Donald Trump signals support for creating a SECOND coronavirus taskforce to look into the reopening of the economy President Trump tweeted that it was a ‘good idea!’ to form a second coronavirus taskforce to come up with a plan to reopen the economy The president was responding to a Friday tweet from Dana Perino, the … Read more
ALEX BRUMMER: Bring business, finance and economy out of hibernation as soon and as safely as possible By Alex Brummer for the Daily Mail Published: 21:57 BST, 3 April 2020 | Updated: 22:59 BST, 3 April 2020 The amazing aspect of the business support schemes on both sides of the Atlantic, flaws and all, is … Read more
Coronavirus could cost the global economy $4.1 trillion – five per cent of worldwide output – Asian Development Bank warns Asian Development Bank says coronavirus could cost economy $4.1 trillion The estimated impact is equivalent to nearly five percent of worldwide output Crisis has sent equity markets spinning as traders fret over the long-term impact … Read more
Britain’s economy will shrink by 15 per cent between April and June – the steepest contraction on record, experts warn The UK will enter deepest recession since the financial crisis, experts warn Rescue measures could cause Government borrowing to shoot up to £180billion Michael Gove hinted yesterday that a new era of austerity is on … Read more
As I watched the Prime Minister order mass house arrest on Monday night, I felt revulsion, anger and grief – as anyone brought up when this was a free and well-governed country would. I also felt terribly alone. You could not have known, from anything broadcast that night or printed the following day, that anyone … Read more