There are two weeks of oxygen left in the European economic coal mine before the Eurozone’s final quarter rebound fades like a quieting canary, economists at Berenberg suggested Friday, after IHS Markit PMI surveys warned of an October collapse in the continent’s services sector. 

October 23,2020

Britain’s bricks and mortar stores caught up with the rest of the retailer class in September when sales rose faster than was expected, taking them above pre-pandemic levels, but fresh coronavirus-related restrictions on activity and looming income declines could see that success snatched away again in October. 

October 23,2020

Closed shop

A survey of the UK economy in October points to a rapid slowdown in activity in the wake of fresh regional lockdowns.

October 23,2020

HM Treasury won plaudits Thursday for revamping new support schemes for jobs and businesses undermined by government restrictions, but even this may not be enough to prevent a winter spike in unemployment and wave of company failures, suggesting more action could yet be necessary.

October 22,2020

UK unemployment forecast

A leading online jobs portal is reporting a jump in job application volumes, confirming economist expectations for a surge in unemployment at the end of the month when the government's Jobs Retention Scheme (JRTS) ends.

October 21,2020

UK revenue

The ONS reports the UK's debt pile expanded by a further £36.1BN in September 2020 as the UK Government borrowed significant amounts to fund the associated costs of locking down the country to try and prevent the spread of covid-19.

October 21,2020

2nd hand car sales push inflation higher

The closing of the Eat out to Help out scheme at the end of August resulted in a jump in monthly inflation in September, but price rises are still well below trend and suggest the Bank of England has scope to ease monetary policy further.

October 21,2020

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