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Economic bounceback could take time, chancellor warns

Chancellor Rishi Sunak informed a House of Lords committee on Tuesday that it is “not obvious there will be an immediate bounceback” of the UK economy and that it may take time for it to recover to levels seen prior to the Covid-19 pandemic.

Economy contracted two per cent in the three months to March, official figures say

The Office for National Statistics has revealed that the UK economy shrank by two per cent in the first quarter of the year, the quickest decline since the 2008 financial crash.

A third of Covid-19 deaths in England and Wales are in care homes, official figures say

Data provided by the Office for National Statistics [ONS] shows that around a third of all Covid-19 deaths in England and Wales are occurring in care homes.

Steepest decline in retail sales since data collection began amid coronavirus pandemic

Figures from the Office for National Statistics indicate that retail sales in the UK fell by over five per cent last month as shops remain shut due to the countrywide lockdown.

ONS reveals employment at record high pre-lockdown

The Office for National Statistics have revealed that prior to the nationwide lockdown, employment across the country was at a record high.

UK economy contracts for the first time in seven years

The Office for National Statistics has revealed that the UK economy has shrunk for the first time since the fourth quarter of 2012, with a 0.2 per cent fall between April and June.

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