Economic growth (GDP)

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Unemployment in US and UK may ‘rise above Great Depression’ | Business

Unemployment in Britain and the US could surpass the levels reached during the 1930s Great Depression within months as the coronavirus crisis

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UK to plunge into deepest slump on record with worst fall in GDP among G7 | Business

Britain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record.

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5 mins read

Bank of England says UK economy recovering faster than first feared | Business

The Bank of England has said Britain’s economy is recovering more quickly than initially feared from the coronavirus pandemic as consumer spending rises, despite warning of significant risks to jobs and growth.

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UK business demands rethink on furlough scheme wind down | UK news

Business leaders have warned Rishi Sunak that his multibillion-pound summer statement plan to save jobs is failing to prevent an unemployment crisis from taking hold. The British Chambers of Commerce (BCC) is

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4 mins read

Summer statement: Rishi Sunak plans temporary job creation scheme for under-25s | Politics

Rishi Sunak will respond to growing fears of a surge in youth unemployment from Britain’s pandemic-scarred economy on Wednesday with a £2bn temporary job creation scheme for the under-25s. Amid evidence that

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9 mins read

UK needs ‘biggest-ever peacetime job creation plan’ to stop mass unemployment | Business

The biggest job creation package in peacetime is needed to prevent the worst unemployment crisis in Britain for a generation, a leading thinktank has warned. Sounding the alarm as job losses mount,

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