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Covid-19: PM announces “ambitious” recovery plan
Prime minister Boris Johnson has unveiled his plans to kick-start the economic recovery following the Covid-19 crisis, emphasising a need to be “ambitious” with the nation’s future.Read more
UK economy suffers worst monthly contraction on record in AprilThe UK economy contracted by 20.4 per cent over April, the largest monthly shrinkage on record.
MPs call for two-metre social distancing rule to be axedA number of backbench Conservative MPs are putting pressure on the government to lift its two-metre social distancing rule in England, warning that it will continue to weigh down on the economy should it remain in place.
CBI chief warns of the impact of no trade deal with the EUDirector general of the Confederation of British Industry, Dame Carolyn Fairbairn, has warned that the dual impact of the Covid-19 pandemic and failing to agree a post-Brexit trade deal could cripple British businesses.
OECD predicts heavier Covid-19 impact on UK economy than European counterpartsThe Organisation for Economic Co-operation and Development [OECD] has said that the UK economy is likely to recede by 11.5 per cent in 2020 due to Covid-19, a slightly worse prognosis than that which is expected for other major economies such as Germany, France, Spain and Italy.
Green jobs can "kick-start" post-pandemic economic recovery, shadow business secretary saysShadow business secretary Ed Miliband has said that eco-friendly jobs can help the economy recover from the impact of Covid-19 and should be prioritised by the government.
Covid-19: Government borrowing in April climbs to historic highThe Office for National Statistics [ONS] has said that government borrowing reached £62.1 billion in April, the highest monthly amount ever to be recorded, as it grapples with the Covid-19 crisis.
ONS: UK inflation fell to 0.8 per cent over AprilThe Office for National Statistics [ONS] has said that the UK inflation rate dropped to 0.8 per cent in April 2020, having been at 1.5 per cent in March.
Covid-19: ETD Consulting MD addresses the importance of international collaboration in rebuilding the economy