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Light at the End of the Tunnel for the UK's Shops, Following Record Plunge in Retail Sales in April

  • Written by Gary Howes

Retail sales suffer a record hit

The UK economy suffered a 18.1% plunge in retail sales in the month of April, a record collapse but one that is hardly surprising given the scale of the economic shutdown enforced by the government in its effort to stop the spread of covid-19.

Read more: Light at the End of the Tunnel for the UK's Shops, Following Record Plunge in Retail Sales in April

Eurozone Recovery Began in May, PMI Surveys Show, but It's a Long Road Back into the Black

  • Written by James Skinner

The Eurozone economic recovery began in May with the gradual easing of 'lockdown' restrictions, IHS Markit surveys of purchasing managers in the manufacturing and services sectors suggested on Thursday, although the speed at which economies return to normal levels of output remains uncertain. 

Read more: Eurozone Recovery Began in May, PMI Surveys Show, but It's a Long Road Back into the Black

UK Reveals New post-Brexit Tariff Structure Aimed at Cutting £30BN in Import Taxes

  • Written by Gary Howes

Tariffs UK after Brexit

The shape of the UK's post-Brexit trade regime with the rest of the world became cleared on Tuesday after the Department for International Trade revealed a trade tariff schedule they believe will knock £30BN off existing tariffs once the UK leaves the EU.

Read more: UK Reveals New post-Brexit Tariff Structure Aimed at Cutting £30BN in Import Taxes

Economy Shows First Hints of Recovery as May UK PMIs Beat Expectations

  • Written by Gary Howes

UK economy

A ray of sunlight peeped through the clouds hanging over the UK's battered economy when survey data showed that activity is picking up once more, leading to hopes that the worst of the lockdown-induced slump is now in the past.

Read more: Economy Shows First Hints of Recovery as May UK PMIs Beat Expectations

UK Economy Sees Record-breaking Collapse in March but Worse Awaits in Second Quarter GDP Data

  • Written by James Skinner

The UK economy experienced a record breaking slump at the end of the first-quarter as the effort to contain the coronavirus closed down what is thought to be around a quarter of its production capacity, although the steepest falls in output are expected in the second quarter. 

Read more: UK Economy Sees Record-breaking Collapse in March but Worse Awaits in Second Quarter GDP Data