Bank of England: Outlook for economy is rosier than first thought

Bank of England official says outlook for economy is rosier than first thought By Daily Mail City & Finance Reporter Published: 21:55 GMT, 26 March 2021 | Updated: 21:55 GMT, 26 March 2021 The outlook for the economy is rosier than first thought, a Bank of England official has said.  Michael Saunders told guests on … Read more

British economy bounces back with fastest growth since August 

British economy bounces back from the pandemic with fastest growth since August By Lucy White For The Daily Mail Published: 21:50 GMT, 24 March 2021 | Updated: 21:50 GMT, 24 March 2021 Business activity is growing at the fastest rate in seven months as Britain’s economy bounces back from the pandemic. Despite the continuing lockdown, … Read more

The £521m-a-DAY hit to our economy: That’s the cost of lockdown to British businesses

Each day of lockdown is costing the economy more than £500million, according to research for the Daily Mail. The Centre for Economics and Business Research found that output is £521million a day lower than it was before the pandemic. One in four businesses remains closed and six million workers are on furlough. As well as … Read more

The £521m-a-DAY hit to our economy: That’s the cost of lockdown to British businesses

Each day of lockdown is costing the economy more than £500million, according to research for the Daily Mail. The Centre for Economics and Business Research found that output is £521million a day lower than it was before the pandemic. One in four businesses remains closed and six million workers are on furlough. As well as … Read more

Hollywood Down Under: Hollywood films have injected $3BILLION into the Australian economy

George Clooney and Julia Roberts Just last week, it was revealed that Clooney and Roberts would film rom-com Ticket to Paradise.  The production has received $6.4million from the Australian government as part of a location incentive program. In return, the film is expected to bring $47million to the local economy and create more than 270 … Read more

UK economy due ‘rapid-fire recovery’ as Covid restrictions ease, says B of E chief economist

UK economy is a ‘crouching-tiger’ on course for a ‘rapid-fire recovery’ after lockdown restrictions ease, Bank of England chief economist says as officials raise growth forecasts Andy Haldane, a famous optimist, delivered his upbeat verdict at a talk today Came as central bank forecasts suggested growth will pick up amid reopening Previously blasted doom-mongers, for … Read more

US economy will roar back to life this year, declares Federal Reserve

US economy set to roar back to life this year, declares Federal Reserve… but central bank chief insists that interest rates will not rise until 2024 By Mark Shapland For The Daily Mail Published: 22:00 GMT, 17 March 2021 | Updated: 22:00 GMT, 17 March 2021 The US economy is set to roar back to … Read more

How Covid-19 wreaked havoc on the UK economy

The economy has endured its worst peacetime shock in living memory. And almost a year on from the first lockdown, Chancellor Rishi Sunak will tomorrow unveil a Budget that attempts to wean the country off emergency support measures and set a course towards recovery. He will also want to reassure voters – and financial markets … Read more

Builders say cutting VAT on home repairs could boost economy

Builders claim cutting VAT on home repairs could give economy a £51bn boost By Daily Mail City & Finance Reporter Published: 21:52 GMT, 28 February 2021 | Updated: 21:52 GMT, 28 February 2021 Cutting VAT on home repairs could give the economy a £51billion boost, builders have claimed.  The Federation of Master Builders (FMB) and … Read more

Ex-PM David Cameron backs Covid passports ‘to open up our economy as rapidly as possible’

Ex-prime minister David Cameron says Covid passports ‘are coming’ because people will have to show they are safe to go to the pub ‘to open up our economy as rapidly as possible’ Ex-Tory leader likened the jab to childhood vaccinations for diseases like TB Ministers mulling system to help open pubs and sporting events in … Read more