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The UK housing market showed signs of recovery in June but the Chancellor's stamp duty holiday will be needed to support transactions if the revival runs out of steam, the Royal Institution of Chartered Surveyors said.
Rishi Sunak has announced a series of measures aimed at boosting the UK economy as it emerges from lockdown, including a six-month job retention bonus for furloughed workers and temporarily slashing VAT on food and accommodation.
Gold prices have broken fresh records, despite a recent rally in equities, amid ongoing concerns about the long-term economic impact of the Covid-19 pandemic and the prospect of rising inflation.
Rishi Sunak will announce a new £2bn job creation scheme for under-25s on Wednesday as a way to support the younger generations through the unemployment surge due to the coronavirus pandemic.
Britain imposed sanctions on 25 Russians and 20 Saudis on Monday as part of post-Brexit measures that were aimed at cracking down on the laundering of “blood money”.
Unemployment in the UK could reach almost 15% by the end of 2020 if the economy is hit by a second wave of Covid-19, the Organisation for Economic Cooperation and Development warned.
Ineos is considering switching production of its new Grenadier off-roader from Wales to France, after German car giant Daimler put a factory up for sale.
An anti-gambling charity called on banks to improve their card blocking systems to try to aid those with gambling problems after data emerged that 40% of current accounts offer no help in such cases.
UK house prices fell for the fourth month in a row in June as the Covid-19 crisis continued to take its toll, but new mortgage enquiries surged, according to a survey released by Halifax on Tuesday.
Brussels has slashed its economic forecasts and warned that the European Union will suffer a deeper-than-expected recession because of the Covid-19 crisis.
A top Federal Reserve official has warned the US economic revival could stall because of the recent increase in Covid-19 infections in large southern and western states.
A multibillion-dollar set of gas projects around the world could be at risk due to the collapse of the fossil fuel markets, said a report by Global Energy Monitor.
UK Prime Minister Boris Johnson promised the arts sector £1. 57bn of help to survive the coronavirus crisis after theatres, music venues, museums and production companies where one of the worst hit by the effects of lockdown.
