Economy News Covid S Full Cost To The Uk Economy Is Still Being Counted The Guardian

UK's lagging economy lost more speed in September, worse ahead

Britain's economy grew by a slower than expected 1.1% in September from August, lagging other rich nations as it struggled to recover from the shock of the pandemic even before the latest COVID-19 ... Read More

UK economy stumbles in August, setting back recovery from COVID-19 slump

Britain's economy struggled to grow in August, setting back its recovery from the coronavirus lockdown, and finance minister Rishi Sunak was due to announce more help to slow a rise in jobs losses as ... Read More

UK economy might take years to recover from COVID hit-BoE's Vlieghe

Bank of England interest-rate setter Gertjan Vlieghe said there was a material risk that it could take several years for Britain's economy to return to full capacity after its coronavirus shock. Read More

UK GDP growth slows to six-month low as COVID hit hospitality

Britain's economic recovery almost ground to a halt in October as a surge in coronavirus cases dealt a blow to the hospitality sector, official figures showed on Thursday. Read More

UK economy won't recover from COVID until end of 2022 - CBI

Britain's economy is unlikely to return to its pre-COVID size until the end of 2022, and unemployment looks set to rise sharply in the first half of next year, the Confederation of British Industry ... Read More

Brexit could affect economy for longer than COVID - BoE's Saunders

Bank of England interest-rate setter Michael Saunders said the long-term effects of Brexit could have a bigger impact on companies than the coronavirus pandemic. Read More

UK says COVID-19 'Test and Trace' system cost to rise to 22 billion pounds

The British government announced a 7-billion-pound ($9.3-billion) increase in funding for its COVID-19 testing and contact tracing system on Monday, as part of an expanded programme of mass testing ... Read More

UK's COVID borrowing not sustainable, will need to balance finances - Sunak

Britain's finance minister Rishi Sunak said borrowing needed to fund economic support through the COVID pandemic was not sustainable in the long term after he announced the extension of the government ... Read More

UK economy won't reach pre-COVID-19 level for at least two years

Britain's economy will contract this quarter and it will take at least two years for GDP to reach pre-COVID-19 levels, according to a Reuters poll which also found London would agree a free-trade deal ... Read More

COVID curbs threaten UK economy, Wetherspoons says, as plunges to loss

J D Wetherspoon accused the British government of panicking and "shooting from the hip" with new coronavirus restrictions it said could damage the entire economy, after the pubs group reported its ... Read More

UK's Sunak says COVID support will be reviewed in March budget

British finance minister Rishi Sunak said he recognised the risks still being faced by companies because of COVID-19 lockdowns, and that he was reviewing support measures ahead of his March 3 budget ... Read More