Browsing: Economy

Economy
Keir Starmer unites his Labour critics with 'no tax rises' stance
When Keir Starmer chose to make taxation one of the dividing lines with the Tories at prime minister’s questions on Wednesday, he was returning to a familiar recent theme.Keen to underline their pro-business credentials, he and the shadow chancellor, Anneliese Dodds, have both been making the point for weeks that this is not the time to raise taxes...
Economy
Number of UK workers on Covid furlough scheme rose to 4.7m in January
The number of furloughed workers in the UK rose by 700,000 to 4.7 million in January, during the third Covid lockdown, according to official figures showing employees in hospitality, women and young adults were most likely to be away from their jobs.The figures from HM Revenue and Customs show a sharp increase from 4 million at the end of December,...
Economy
UK economy at the crossroads before lockdown ends
Covid cases fall during lockdown The number of daily new confirmed coronavirus infections has fallen in the past month but remains higher than in the first wave of the pandemic. As the government plots a course to relaxing Covid restrictions in four stages this spring, the seven-day average for the number of deaths within 28 days of a posit...
Economy
Sunak’s budget needs to focus on business investment, not just government spending
Each year, people like me will tell you that the upcoming budget is the most important in living memory; that the government must grab the bull by the horns to deliver economic growth for the country. Well, after 11 months of businesses driven to the lowest of ebbs, this one is indeed a big deal. In spite of all this, I’m optimistic that better tim...
Economy
UK businesses plead for further support in run-up to budget
Rishi Sunak is preparing to deliver next week’s budget with the British economy at a pivotal moment before lockdown is relaxed, with businesses and workers still under severe strain, according to a Guardian analysis. After the prime minister set out the government’s roadmap for dismantling Covid restrictions over four key stages this spring,...
Economy
Brexit trade delays getting worse at UK border, survey finds
Delays importing and exporting goods to and from the EU have worsened since Brexit was introduced at the start of the year and will result in stock shortages and price rises for consumers, according to a report.A survey of 350 supply chain managers found that two out of three had experienced delays of “at least two to three days” getting goods into...
Economy
Shares in UK travel and hospitality surge in response to roadmap
UK travel and hospitality companies set to benefit from the easing of Covid restrictions rallied on the London stock market after Boris Johnson set out the government’s roadmap for ending lockdown in England. Against a backdrop of rising hopes for a rapid economic recovery from the worst recession for more than 300 years, shares in companies...
Economy
The Guardian view on a post-Covid recovery: not just for the well-off | Editorial
It was John Maynard Keynes who developed the idea of “animal spirits” as a kind of spontaneous market optimism, or pessimism, which lent a crucial emotional dimension to economic outcomes. The unveiling of Boris Johnson’s roadmap out of social restrictions was accompanied by a glimpse of how they might play out in a Covid context.As people rushed t...
Economy
Fed chair warns US economic recovery 'uneven and far from complete'
The US economic recovery “remains uneven and far from complete”, Federal Reserve chair Jerome Powell told a committee of US senators Tuesday. In his semi-annual update on monetary policy, his first delivered under Joe Biden’s presidency, Powell indicated the Fed would not be changing monetary policy any time soon, given the slow recovery in ...
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