Sunak and support packages

The UK government has for the first time in history it will step in and help pay people’s wages as a result of the economic slump caused by the coronavirus outbreak, and there is no limit on the amount that will be spent to cover the bill.

March 20,2020

Sunak coronavirus

The UK Treasury has arranged £330BN worth of guaranteed loans to be made available to UK businesses in order to cope with the coronavirus crunch, which is equivalent of 15% of UK GDP.

March 17,2020

The U.S. economy faces a historic crunch that's already close to exhausting the Federal Reserve's (Fed) arsenal and which could yet necessitate the most significant shake-up of the crisis-fighting toolbox in modern times.

March 17,2020

Britain's labour market was in rude health early in the New Year before the coronavirus cropped up in Wuhan, although with the deadly viral pneumonia now in three quarters of the world's countries including the United Kingdom, the economy is now widely expected to suffer a recession this year.

March 17,2020

The government’s maiden budget has been widely credited with backstopping the economy against a mounting coronavirus crisis while also positioning the UK for faster growth in future years, but it’s met with a mixed reaction from currencies and economists alike, who’re increasingly making their views known. 

March 12,2020

Economy due to suffer sharp slowdown

Despite an array of surveys suggesting the UK economy bounced back strongly in January, largely as a response to the decisive outcome of the December General Election, official data out Wednesday suggests a very limited pick up in activity.

March 11,2020

The UK economy ground to a halt in January, Office for National Statistics data revealed on Wednesday, raising pressure on government to support growth in its first budget due to be announced later in the morning. 

March 11,2020

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