UK borrowing at record high as virus cost soars Government borrowing surged dramatically to £62 billion in April 2020 according to data released by the Office for National Statistics, was the highest monthly borrowing on record, as a result of substantial government intervention to help ease the coronavirus crisis. TheRead More →
Market jitters On Monday, 18th May 2020 the markets basked in positive news pushing stocks up. Fed chair, Jerome Powell, said he had more ammunition to help the economy recover from its coronavirus hit. Then came more positive news from a U.S. pharmaceutical company, Moderna Inc., saying that their vaccineRead More →
Retail sales fell 0.6% in December, according to the Office for National Statistics (ONS). The fifth consecutive month of no growth. UK consumers failed to increase their spending in December 2019 for a fifth month in a row, adding to signs of a weakening economy. Will this encourage the BankRead More →
According to data released by the British Retail Consortium (BRC). They said total sales fell 0.1%, marking the first annual sales decline since 1995. Sales in November and December were particularly weak, falling 0.9%, the BRC is reported to have said. Mothercare UK, Bonmarche and luxury jeweller Links of LondonRead More →
UK economic uncertainty Consumer spending in June was at its weakest since the mid-1990s, adding further evidence that the British economy is shrinking. According to survey data released today by BRC. Consumers are no longer propping up the economy. Lower consumer confidence. Weak second quarter GDP figures expected. Continued BrexitRead More →