United Kingdom

Economy News

Bank of England rebuilds stimulus war-chest with an extra £100 billion

福利网站The Bank of England increased its bond-buying programme by 100 billion pounds on Thursday as it sought to help steer the economy away from a record slump in March and April caused by the coronavirus lockdown.

One in 20 UK workers return from furlough in recent weeks

One in twenty private-sector employees in Britain returned to work from furlough in the past two weeks, according to official figures on Thursday that suggest a gradual reopening of the economy is underway.

Takeaway coffee and fitness classes return to UK inflation data as lockdown eases

福利网站Haircuts, holidays and a pint at the pub remain off limits but prices for takeaway coffees, muffins and fitness classes have returned to Britain's inflation data, giving a picture of how the coronavirus lockdown is easing.

UK inflation hits four-year low on oil price fall, COVID impact

福利网站British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices tumbled, leaving the Bank of England free to ramp up its stimulus programme again.

Britain tells banks to prepare for pandemic debt pile

福利网站British banks need to accelerate preparations for dealing with businesses unable to repay money they borrowed to cope with the coronavirus pandemic, the national financial sector regulator said on Tuesday.

More than 600,000 lose work in UK as COVID hits jobs market

The number of people on British employers' payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, data showed on Tuesday.

UK furlough scheme spending exceeds £20 billion

Britain's finance ministry said on Tuesday it had spent more than 20 billion pounds on a furlough programme that is supporting 9.1 million jobs, as well as lending over 38 billion pounds to companies.

Factbox: Pandemic-hit British firms lay off tens of thousands

British companies have announced tens of thousands of job cuts since being forced into lockdown by the coronavirus pandemic.

How to turn around the UK's coronavirus slump - Sunak's options

福利网站British finance minister Rishi Sunak is considering a range of measures, from tax cuts to hiring incentives, as he tries to steer the world's fifth-biggest economy towards recovery after its 25% coronavirus crash in March and April.

Primark the star attraction as England's stores reopen after lockdown

福利网站Long queues of shoppers snaked around stores in England on Monday, with discount fashion retailer Primark proving a particular draw as shops reopened their doors after 83 days of lockdown.

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