Andrew Bailey, the Bank’s governor, said: “The outlook for the UK and global economies remains unusually uncertain. It will depend critically on the evolution of the pandemic, measures taken to protect public health, and how governments, households and businesses respond to these.” … [Read more...] about Bank of England says UK economy recovering faster than first feared
Global economy
A million people could lose their jobs this year as unemployment hits 7.4 per cent and GDP slumps 9.5% – but the Covid economic downturn might NOT be as bad as feared, says the BofE
Meanwhile, the unemployment rate could rise from the current level of 3.9 per cent to hit 7.4 per cent by the end of the year before slowly subsiding, according to the latest Monetary Policy Report. That is roughly equivalent to a million people joining the dole queue. … [Read more...] about A million people could lose their jobs this year as unemployment hits 7.4 per cent and GDP slumps 9.5% – but the Covid economic downturn might NOT be as bad as feared, says the BofE
Our thriving healthtech sector is proving its worth on the coronavirus frontline
Our £36bn healthtech sector, which includes firms from startups to global tech players, has rallied to support those on the frontline, whether through donating technology, equipment and services for free or by working around the clock to adapt their products to create tools suitable for treating coronavirus patients. … [Read more...] about Our thriving healthtech sector is proving its worth on the coronavirus frontline
Aberdeen is put into lockdown: Nicola Sturgeon closes city’s pubs and bans travel in and out as bar outbreak cases DOUBLE – just a day after Queen passed through on way to Balmoral
Colin Wilkinson, SLTA managing director, said: ‘Responsible operators, as demonstrated by the Hawthorn Bar, have gone above and beyond to comply with the guidance that was put in place by the government to allow the industry to reopen, and some operators also demonstrated their commitment by voluntary closing their premises before the First Minister’s announcement today. … [Read more...] about Aberdeen is put into lockdown: Nicola Sturgeon closes city’s pubs and bans travel in and out as bar outbreak cases DOUBLE – just a day after Queen passed through on way to Balmoral
Coronavirus UPDATES: 135,000 face job cuts at Brit firms as furlough winds down
Trans-Pacific trade bloc says to ensure food, medicine supplies amid pandemic Ministers from a trans-Pacific trade bloc have agreed to fight protectionism and avoid food and medicine shortages during the coronavirus pandemic, they said in a joint statement published on Wednesday. … [Read more...] about Coronavirus UPDATES: 135,000 face job cuts at Brit firms as furlough winds down
