Jul 24, 2020 | Current Affairs
Retail sales increased in both value and volume from May to June 2020, as non-food and fuel stores show signs of recovery from the effects of the coronavirus pandemic. Data from the Office for National Statistics (ONS) reveals that in June 2020, the volume of retail...
Jul 21, 2020 | Current Affairs
The UK borrowed £35.5 billion in June 2020, roughly five times more year-on-year and the third highest monthly figure on record. According to the Office for National Statistics (ONS), last month's figure took the UK's total debt to £198 trillion - 99.6% of the UK's...
Jul 14, 2020 | Current Affairs
The UK economy contracted by 19.1% in the three months to May 2020, suggesting hopes of a rapid post-lockdown rebound are wide of the mark. Latest figures from the Office for National Statistics (ONS) revealed UK GDP grew by 1.8% in May, following declines of 6.4% in...
Jul 10, 2020 | Current Affairs
Higher taxes are inevitable in order to pay off the coronavirus support schemes, according to a leading think tank. Chancellor Rishi Sunak unveiled another £30 billion of support earlier this week, taking the total cost of Government funding past £190bn. The Institute...
Jul 8, 2020 | Current Affairs
Chancellor Rishi Sunak will deliver an economic update to the House of Commons this afternoon. The Treasury has played down this being a ‘July Budget' or a ‘mini-Budget', insisting no economic forecasts or tax decisions will be issued. Those are all on hold until what...
