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Chancellor Faces Mammoth Task to Right Public Finances after June's Modest Improvement

Chancellor Rishi Sunak launched 2020's comprehensive spending review Tuesday, which is expected to see the government make good on a range of past commitments but will underline the goliathan task ahead of HM Treasury if it's to return the public finances to a sustainable footing. 

July 21,2020

Job Worries Leave Question Mark Lingering Over U.S. Recovery after Sales, Sentiment Recover 

U.S. labour markets continued to haemorrhage jobs last week, leaving a question mark lingering over an economic recovery that was bolstered in June by rising retail spending and a recovery in confidence among home builders, data showed on Thursday.

July 16,2020

UK Unemployment Data Comes in Better than Expected

Employment UK

The UK unemployment figure for May came in better than expected, with the ONS reporting 125K jobs had been lost in the three months to May against market expectations for a figure of 234K to be reported.

July 16,2020

World's First Biologic Treatment for Covid-19 Approved

Treading covid 19

Pharmaceutical company Biocon have announced one of their drugs used to fight psoriasis has been approved to fight moderate to severe covid-19 infections in patients.

July 15,2020

UK Economic Rebound Disappoints

UK economy fails to bounce back

The UK economy grew 1.8% in May according to the Office for National Statistics, which is a negative surprise for a market that was expecting growth of 5.5% to be reported.

July 14,2020

Deflation Ahead for UK Economy says Capital Economics

Eating out

The UK economy could be about to enter a period of deflation, according to analysis from independent economics research and consultancy firm Capital Economics.

July 13,2020

Sunak's Summer Economic Update Not Enough to Deliver a V-shaped Recovery says Economist

Reaction to economic update

Economists and financial analysts are reacting to the Government's Summer Economic Update, saying that while the targeted nature of today's interventions in the economy will be welcomed not enough new spending has been announced to trigger a v-shaped recovery.

July 8,2020

More Articles …

  1. Surge in Zombie Company Numbers Risks Blunting the Recovery shows Research
  2. Economic Uncertainty Undermines UK House Price Outlook as All Eyes Turn to Chancellor Sunak 
  3. Cautious Consumers Could Derail the Economic Recovery if they Continue to Save More Money say Economists
  4. Slow Exit from Lockdown Leads EU to Slash Growth Forecasts Further
  5. Pound Sterling Comes off the Boil after Brexit Trade Talks End a Day Early, Advances against Euro and Dollar Fade
  6. Johnson Won't Extend Furlough, but UK Employment Slump Won't be as Hard as Previously Feared says Capital Economics
  7. UK Economy: Bank of England Survey Hints at Long Road to Recovery 
  8. Barnier Tells UK Firms to Get Prepared for Loss of EU Financial Passports

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