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.

2 mins read

For all his woes, at least Sunak does not need to worry about stagflation | Larry Elliott | Business

News that Rishi Sunak is planning a summer mini-budget conjures up memories of the 1970s when chancellors were constantly forced to respond to the latest economic crisis. Sunak is finding out what

8 mins read

UK unemployment to double and economy to shrink by 14%, warns Bank of England | Business

The Bank of England has warned the British economy could shrink by 14% this year and unemployment more than double by spring as the coronavirus causes the deepest recession in modern history.

7 mins read