UK unemployment rate has more than doubled during the three weeks of 'lockdown' imposed on the economy in order to slow the spread of coronavirus, likely taking the April 2020 jobless rate up to it…
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The UK's Treasury has agreed with the Bank of England to increase its overdraft, known as the Ways and Means facility (W&M), in order to meet a surge in funding commitments to soften the econom…
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Economists at independent research house Capital Economics have looked at the latest surveys of the economy and concluded the current slump in UK economic activity will be greater than that experie…
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The Bank of England has revealed that its flagship lending scheme aimed at supporting UK Small and Medium Enterprises through the coronavirus crisis will be made available from April 15, which is e…
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The Chancellor of the Exchequer Rishi Sunak has announced further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and annou…
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New U.S. welfare claims rose by a record clip last week, according to Department of Labor figures, which puts the world's largest economy on course for a double-digit unemployment rate and huge fal…
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Economists at Bank of America Merrill Lynch (BofA) have advised clients they have yet again had to slash their forecasts for the global economy, blaming "the lack of an effective policy response to…
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