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UK economy suffers worst monthly contraction on record in April

The 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 axed

A 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 EU

Director 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 counterparts

The 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 says

Shadow 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 high

The 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 April

The 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

In conversation with The Parliamentary Review, Dr Ahmed Shibli, managing director of ETD Consulting, offers his views on the Covid-19 pandemic thus far and elaborates on why international collaboration going forward will be vital to maintain control of the virus and stimulate the economy.

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