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"A Tax on Employers" - Economists say Sunak's Job Scheme Won't Stop Tide of Job Losses

Jobs coronavirus crisis

Chancellor Rishi Sunak's Winter Plan for the economy hasn't done enough to prevent a wave of Job losses over coming months say Economists, and is being branded a tax on employers by one economist who has crunched the numbers.

September 25,2020

Government's Record Borrowing Spree Balloons £35.9BN in August

Covid lockdowns costing billions

The government borrowed £35.9BN from financial markets in August as it continues to count the cost of staving off an economic meltdown due to the lockdown and restrictions it has introduced to try and stem the spread of covid-19.

September 25,2020

Lacklustre or Bold: Responses to Sunak's Winter Fiscal Support Package

Sunak in Parliament

The UK Treasury has today unveiled further fiscal stimulus and support initiatives aimed at cushioning the negative impact on businesses caused by the Government lockdowns and restrictions aimed at suppressing the covid-19 virus.

September 24,2020

UK Economy Unlikely to Grow Over Next Six Months says BofAML

covid to halt UK economic growth

"We struggle to see how the economy can grow in 4Q," says a research note from Bank of America Merrill Lynch, citing "escalating lockdown measures, fading stimulus and Brexit risks".

September 23,2020

UK Economic Rebound Slows in September, PMI Survey Shows Outlook Laden with Gloom

UK economy

A survey of the UK economy covering the September period showed the rebound continues apace, even if it had slowed since August and was a little softer than market consensus had been expecting.

September 23,2020

The Fed isn't Killing Treasury Volatility, it's Amplifying it

Fed

Contrary to what the Federal Reserve thinks, low US Treasury volatility is dangerously explosive says Althea Spinozzi, Fixed Income Specialist at Saxo Bank.

September 21,2020

Lloyds, Barclays Accused of "Outrageous Failure" in Ditching Expat Bank Accounts

lloyds Bank

UK high street lenders have been accused of "outrageously failing" British expats living in Europe following weekend reports that they would be shutting down their accounts after the UK leaves the EU at the start of 2021.

September 21,2020

More Articles …

  1. Eat Out to Help Out Lifts UK GDP 2.5% in August says Deutsche Bank
  2. "Investors Should be Scared" of Fed's "Mouse Trap" says Saxo Bank
  3. Underwhelming U.S. Retail Sales Show Washington’s Boots Too Large For Households to Fill Alone
  4. Help Out to Eat Out Sends Inflation Plummeting
  5. "Brutal Period of Redundancies" Ahead: Economist Reactions to UK Employment Data
  6. UK has Preordered Five Covid-19 Vaccine Doses per Citizen, Giving the Economy and Pound Sterling a Potential Advantage over Rivals says Deutsche Bank
  7. London's Euro Clearing at Risk in Spat Over Internal Markets Bill
  8. GDP Jumps in July but Full Recovery Only Likely by 2022 says Economist

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