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EY analysis warns of potential for long-winded economic recovery

New analysis from the EY Item Club has hinted that the UK economy may not return to pre-pandemic levels until the year 2024.

Treasury Committee criticises shortfalls in economic support

The Treasury Committee has said that chancellor Rishi Sunak has effectively abandoned over one million people who cannot access existing support measures, following his response to an interim report into gaps in Covid-19 related economic support for firms and workers.

Hundreds of thousands of public sector workers in line for pay rise

Around 900,000 public sector workers will receive an above-inflation pay rise, chancellor Rishi Sunak has said.

Government borrows record £127.9 billion between April and June

The period of April to June saw the UK government borrow a record £127.9 billion to finance mitigating the effects of Covid-19.

UK economy grew 1.8 per cent in May

The UK economy grew by a modest 1.8 per cent compared to April, rebounding slower than economists had anticipated.

Public spending on Covid-19 measures hits almost £190 billion, Treasury says

Figures released by the Treasury indicate that government spending on fighting the Covid-19 pandemic has reached almost £190 billion.

Chancellor outlines economic plan to prevent mass unemployment

On Wednesday, chancellor Rishi Sunak put his plans to prevent mass unemployment before MPs in the House of Commons, including newly announced measures to keep furloughed workers employed and planned temporary cuts to VAT.

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