News And Announcements
Retail footfall jumps as shoppers eye end of lockdown
Retail footfall rebounded in February, despite ongoing lockdown restrictions, industry data showed on Thursday.
Sunak targets business to recover billions spent on Covid measures
UK Finance Minister Rishi Sunak on Wednesday unveiled tax rises for businesses and employees as he sought to claw back some of the billions spent on mitigating the impact of the Covid-19 pandemic.
UK Budget: Reactions
UK Finance Minister Rishi Sunak on Wednesday unveiled his latest budgetary measures to deal with the impact of the coronavirus pandemic. The following is a a round-up of reactions from various industry lobbies and other parties.
UK Budget: Brexit disruption to hit Q1 GDP by 0.5%
Brexit disruption at the start of the year will reduce British productivity by 4% over the longer term and hit first quarter GDP by 0. 5%, the Office for Budgetary Responsibility said on Wednesday.
Wetherspoon rises but Sunak disappoints on pub support
Shares of JD Wetherspoon and Mitchells & Butlers rose after Chancellor Rishi Sunak provided limited support for the UK's pubs in his budget.
UK Budget: Corporation tax to jump under Sunak's plan
In perhaps the most widely trailed budget ever, Rishi Sunak announced his increase in corporation tax as expected but the details were more of a surprise.
UK Budget: UK 2021 economic growth forecast cut to 4% - OBR
Economic growth forecasts for this year were cut to 4%, reflecting the impact of the latest national Covid-19 lockdown as Finance Minister Rishi Sunak unveiled his budgetary plan for the UK's recovery from the pandemic.
UK Budget: Sunak announces eight new freeports
The government will create eight new English freeports, chancellor Rishi Sunak confirmed in his budget on Wednesday.
Growing confidence helps bolster UK services sector
The slowdown in the UK services sector eased last month, a closely-watched industry survey showed on Wednesday, as optimism continued to build on the back of the vaccine rollout programme.
Eurozone economy on course for double-dip recession
The eurozone economy is on course for a double-dip recession as the coronavirus pandemic takes its toll, according to a survey released on Wednesday.
China services sector growth slows to 10-month low
Growth in China’s services sector eased to a 10-month low in February, according to figures released on Wednesday.