News And Announcements
UK construction PMI for September beats forecasts
Construction sector activity in the UK picked up further in September with new business coming in at its fastest clip since before the pandemic-induced lockdown.
Sunak warns of hard choices ahead
Chancellor Rishi Sunak warned there were hard choices ahead as he promised to "balance the books" after the government borrowed heavily during the Covid-19 crisis.
IMF urges governments to borrow for investment
The International Monetary Fund has urged advanced economies to borrow cheaply for public investment to support economic recovery from the Covid-19 crisis.
Covid-19 and no-deal Brexit may cost UK $174bn annually
The UK could end up paying costs of $174bn (£134bn) a year over the impact of Covid-19 and no-deal Brexit on the national economy, said the latest report by Baker & McKenzie.
Covid-19 changes workplaces in UK for good - report
Covid-19 has changed the dynamic of workplaces in the UK for good, a new report by the British Council for Offices revealed on Monday.
UK car sales drop to 21-year low for September
New UK car sales fell in September to the lowest volume for that month in 21 years, industry figures showed.
UK services grow but hospitality shrinks, PMI shows
The UK services sector expanded for a third month running but hospitality and other consumer businesses contracted as the government withdrew support and tightened restrictions, a survey showed.
Pound rises on Johnson plan to hold talks with EU's von der Leyen
The pound spiked on Friday on news that UK prime minister Boris Johnson would speak with European Commission president Ursula von der Leyen on Saturday to “take stock” of negotiations and “discuss next steps” on a Brexit trade agreement.
Second wave of Covid-19 in Europe could have peaked in UK - report
The second wave in Europe could have already peaked in some countries such as the UK, according to the latest report from Imperial College London.
Over a third of UK employers plan layoffs for fourth quarter of 2020
More than a third of UK employers are planning on making staff redundant over the next three months, a YouGov poll revealed on Thursday.
UK implements new standards for biodegradable plastics
The UK government has implemented a new standard for biodegradable plastics to simplify their classification.
UK factory output very near early 2020 level, PMI shows
Manufacturing sector activity in the UK slowed by a bit more than anticipated last month, but output was now very close to the levels seen at the start of 2020, although that might not last for too long.