Any lingering doubts about the devastating impact of the coronavirus on Britain’s households and economy over the coming months were last night fully erased by the Prime Minister’s address. In effectively locking down our high streets, the leisure industry and all social venues and contact, he has also shuttered the economy. The British people have … Read more
Downing Street fury over ‘let OAPs die’ accusation: No 10 angrily denies claims that Dominic Cummings said pensioners should be sacrificed to coronavirus to protect the economy By Larisa Brown Political Correspondent For The Daily Mail Published: 22:02 GMT, 22 March 2020 | Updated: 00:25 GMT, 23 March 2020 Downing Street last night angrily denied claims … Read more
Bailey faces a baptism of fire at the Bank as the global economy teeters on the brink of recession Adrew Bailey starts work as Governor of the Bank of England today Bailey joined forces with Carney last week to announce a cut in interest rates They unveiled plans to free up £290billion for lenders to loan … Read more
The US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic. In a statement, the central bank said it was cutting rates by to a target range of 0% to … Read more
£52 BILLION hit to Britain as economy goes into reverse By Helen Cahill, Financial Mail On Sunday Published: 23:46 GMT, 14 March 2020 | Updated: 10:10 GMT, 15 March 2020 Britain is slipping into a sharp recession that will see the economy shrink by as much as 2.5 per cent by the summer and interest rates … Read more
Boris Bounce stutters to a halt as surveys show economy flatlined in January By Daily Mail City & Finance Reporter Published: 21:52 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 The economy flatlined in January as the much-anticipated ‘Boris bounce’ following the election failed to materialise. Surveys suggested that the economy perked … Read more
Britain’s economy flatlined before the coronavirus outbreak in its weakest performance since the wake of the 2008 financial crash, new figures revealed today. There was zero GDP growth in January after the economy grew by 0.3 per cent in December, confounding experts who had expected the economy to grow by 0.2 per cent at the start … Read more
The £15trillion corporate debt time bomb: Global economy at risk as virus spreads By Matt Oliver For The Daily Mail Published: 22:51 GMT, 10 March 2020 | Updated: 22:51 GMT, 10 March 2020 As the coronavirus sweeps the world, there are growing fears we are headed for a global recession. Some economists say a downturn … Read more
George Osborne warns that banks could grind the economy to a halt by slashing lending if Coronavirus causes firms to fail as he urges Chancellor Rishi Sunak to ‘vaccinate’ businesses in Wednesday’s Budget Ex-politician raised spectre of banks refusing to lend money if firms start failing Thousands of ill workers and consumers could be forced … Read more
Rishi Sunak (pictured in Downing St last month) warned that UK plc is set for a ‘shock’ as the killer disease spreads around the globe The Budget will stop coronavirus wreaking permanent damage to the economy and give the NHS ‘whatever it needs’, the Chancellor vowed today. Rishi Sunak warned that UK plc is set … Read more