Covid plunges Australia into recession for first time in 30 years as pandemic paralyses business activity By Daily Mail City & Finance Reporter Published: 21:51 BST, 2 September 2020 | Updated: 22:18 BST, 2 September 2020 Australia is in recession for the first time in almost 30 years after coronavirus curbs paralysed business activity. Data … Read more
She is the Australian Instagram sensation who leveraged her 11.5 million followers into a multimillion-dollar fitness empire. And on Tuesday, Tammy Hembrow declared that her activewear business, Saski Collection, was ‘thriving’ despite the coronavirus recession. Her Gold Coast-based clothing company is bucking the trend of retailers shutting down across the country in response to the economic downturn. … Read more
Around two in five of us managed to save more in lockdown after a large chunk of our day-to-day expenses disappeared. British savers amassed £66 billion over four months this year, and this extra cash could be handy as we face an uncertain period ahead. The boost comes at a time when interest rates on … Read more
The coronavirus has had a shattering effect on the country, and we are now in the deepest recession the UK has ever known. More than nine million people have been furloughed and 730,000 jobs have been lost. But Money Mail is here with a special edition to help you revive your finances and make sure … Read more
Is it the end of the savings account? Interest rates hit record lows of 0.01% as recession starts to bite Savers have amassed around £45billion in popular easy access savings accounts The average easy access rate is now just 0.22 per cent, down from 0.56 per cent Savers who remained loyal to high street banks … Read more
Lloyds warns that second wave of coronavirus cases could send UK into double-dip recession By Helen Cahill, Financial Mail On Sunday Published: 21:58 BST, 15 August 2020 | Updated: 21:58 BST, 15 August 2020 Lloyds has warned that a second wave of Covid-19 cases could send the UK into a double-dip recession. Angus Armstrong, chief … Read more
We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify. To download the Apple Podcasts app if you … Read more
The UK economy is in recession. The ONS’s confirmation that we are technically in recession managed to be both important and perhaps the most meaningless piece of news of this year. Often with a recession there is a ‘will we or won’t we moment’ as GDP figures are closely watched to see if the economy … Read more
UK economy is OFFICIALLY in recession after plunging by shocking 20.4% at height of coronavirus outbreak amid fears of looming jobs catastrophe The UK has officially entered recession after second quarter of contraction GDP was down 20.4 per cent in the three month to June at height of Covid crisis The economy did bounce back … Read more
Britain’s economy to be declared in recession as coronavirus crisis hammers output By Daily Mail City & Finance Reporter Published: 21:50 BST, 9 August 2020 | Updated: 21:50 BST, 9 August 2020 Britain’s economy will be declared in recession this week after the coronavirus crisis hammered output. When second-quarter GDP figures are published, it is … Read more