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20% rate of VAT cut to 5% from next Wednesday until January 2021 for the UK hospitality sector

Sunak offers job bonuses, cuts taxes to head off crisis

Business / 08 Jul

UK GDP fell by 2.2% in the first quarter, the largest fall since 1979

UK GDP shows biggest drop since 1979 in first quarter

Business / 30 Jun

The IHS Markit/CIPS flash composite Purchasing Managers' Index jumped to 47.6 in June from 30 in May

UK's coronavirus slump tapers off in June, PMIs show

Business / 23 Jun

UK consumer sentiment recorded its biggest improvement in nearly four years in June as Covid-19 lockdown restrictions ease

UK consumer sentiment strongest since lockdown began

Business / 19 Jun

The UK jobless rate unexpectedly held steady at 3.9% over the three months to April, new figures show

More than 600,000 lose work in UK as Covid-19 hits

Business / 16 Jun

The UK economy shrank by a record 20.4% in April from March

UK economy shrinks by record 20.4% in April

Business / 12 Jun

Brexit fears, a coronavirus-induced recession and growing debt are also holding down the pound

Sterling sinks to two-month low ahead of Brexit talks

Business / 29 May

UK retail sales fell by a record 18% as the coronavirus crisis hammered the economy in April

UK borrowing soars, retail sales plunge due to Covid-19

Business / 22 May

UK factories reported the sharpest fall in output in more than four decades during the three months to May, new figures show today

UK factories post biggest output drop in over 40 years

Business / 21 May

The UK's consumer price index dropped to an annual rate of 0.8% in April from 1.5% in March, new figures show today

UK inflation drops to lowest since 2016 as virus hits

Business / 20 May

The UK economy shrank by a record 5.8% in March from February

UK economy shrinks by a record 5.8% in March

Business / 13 May

British finance minister Rishi Sunak has extended the job retention scheme by a further four months until the end of October

UK extends Covid job retention scheme by four months

Business / 12 May

The Bank of England has put forward an 'illustrative scenario' that saw a plunge in output of 14% in 2020 due to Covid-19

Plague, weather and war did worse to UK economy

Business / 08 May

The Bank of England kept UK interest rate at its all-time low of 0.1% today and warned of the worst economic slump in 300 years

Bank of England sees worst slump in 300 years

Business / 07 May

The IHS Markit/CIPS UK construction purchasing managers' index showed a reading of 8.2 in April, down from 39.3 in March and the lowest since records began in 1997

UK construction at record low, as turnaround forecast

Business / 06 May

UK retail sales plunged by 5.1% in March from February, the sharpest drop since the ONS records began in 1996

UK retailers suffer record sales plunge on Covid-19 hit

Business / 24 Apr

The UK's flash Composite Purchasing Managers' Index fell to a new record low of 12.9 in April from 36 in March

UK economy crumbles under coronavirus strain

Business / 23 Apr

The UK government has expanded its overdraft with the Bank of England to help weather Covid-19 disruption

UK extends Bank of England overdraft over virus crisis

Business / 09 Apr

Economists said today's GDP figures were the last that would look anything like normal for a while

UK economy struggled before Covid-19 crisis escalated

Business / 09 Apr

As Covid-19 spreads, the pound is at its weakest in decades as investors turned to less risky currencies, such as the US dollar

Sterling drops as British firms suffer record slump

Business / 03 Apr

The IHS Markit/CIPS Purchasing Managers' Index slumped to 47.8 - its lowest since July 2012 - from 51.7 in February

UK factories suffer biggest hit since 2012 due to virus

Business / 01 Apr

The ONS confirmed that the UK economy grew by 1.4% overall in 2019

UK economy flatlined at end of 2019, recession coming

Business / 31 Mar

The slowdown came even before what UK shops expect to be the biggest fall in sales for over a decade due to coronavirus-imposed shutdowns

UK retail sales stagnate in February, before virus hit

Business / 26 Mar

The UK's new finance minister Rishi Sunak has promised to protect the economy from the threat of the coronavirus

UK pledges 'whatever it takes' to protect economy

Business / 11 Mar

The Office for National Statistics said the UK's gross domestic product in January alone was flat

UK economy flat-lined in January - ONS

Business / 11 Mar

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