United Kingdom

Economy News

50 billion pounds cash mystery puzzles Britain's audit office

As cash declines in day-to-day transactions, Britain's National Audit Office has uncovered a mystery: the number of pound notes in circulation has soared, so who is holding around 50 billion pounds in cash?

Around 5 million UK jobs still furloughed at end of July, government says

福利网站Around 5 million British jobs remained fully or partly on furlough at the end of July, down from a peak of just under 9 million but still leaving millions of workers facing uncertainty with the scheme due to be wound up at the end of next month.

UK employers scale back hiring plans for 2021, CBI says

Far more British businesses than last year are planning to cut recruitment of new staff or freeze hiring entirely over the next 12 months, following the hit from the coronavirus pandemic, a survey showed on Friday.

UK retail rebounds in bright spot for COVID-hit economy

British shoppers spent more last month, taking sales further above pre-COVID levels, as strong online demand helped much of the sector rebound faster than the rest of the economy.

Bank of England looks harder at negative rates in case troubles deepen

The Bank of England said it was looking more closely at how it might cut interest rates below zero as Britain's economy faces a triple whammy of rising COVID-19 cases, higher unemployment and a possible new Brexit shock.

UK workers slowly move off furlough programme - statistics office

福利网站One tenth of Britain's workforce was still furloughed less than two months before the planned closure of the government's Coronavirus Job Retention Scheme at the end of October, the Office for National Statistics said on Thursday.

UK diner discounts push inflation to near five-year low

A hefty drop in restaurant prices, spurred by Britain's scheme to support the hospitality sector through the COVID-19 pandemic, helped to push inflation down last month to its lowest rate in almost five years.

UK watchdog warns banks over treatment of customers in debt

Britain's Financial Conduct Authority told banks and other lenders on Wednesday not to crack down on customers who will struggle after repayment holidays come to an end.

From cafes to dentists, relief at British coronavirus insurance ruling

福利网站Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close.

Britain's Eat Out scheme takes bite out of grocery sales growth

Britain's grocery sales growth slowed to 8.0% year-on-year in August, the lowest since April, hurt by a state-funded scheme designed to get people to return to pubs, cafes and restaurants during the COVID crisis, industry data showed on Tuesday.

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