'The underperformance can be attributed partly to the economy's greater reliance on consumer services spending and the high level of labour market participation by working parents, many of whom have left work to look after children,' he added. … [Read more...] about Rishi Sunak warns of looming jobs catastrophe as UK economy OFFICIALLY goes into recession after plunging a shocking 20.4% at height of coronavirus outbreak – wiping out 17 YEARS of GDP growth
Modern history sourcebook
More from Covid-19 Coronavirus: Face masks advert banned over misleading claims about protection Coronavirus: A-level students in England can use mock results to get into university Coronavirus: UK records highest daily number of COVID-19 cases for nearly two months Coronavirus: How the pandemic is hitting Britain's poorest communities Coronavirus: UK to nosedive into recession after COVID-19 triggers record slump What's going on in Belarus? Politicians fleeing, a questionable election and Europe's last dictator … [Read more...] about Coronavirus: The GDP figures are dire – but the bigger question is what happens next
Economic statistics are mostly the equivalent of a rear-view mirror. These GDP numbers are history, albeit recent history - a cliff edge and a canyon we are now pulling out of. The abiding question now is what happens next. Does the UK economy recover, or does economic activity drag on at a weaker rate for the foreseeable future? And, inextricably linked, what happens if there's a second surge in COVID-19 infections: does it prompt another lockdown or semi-lockdown, with all the associated consequences? … [Read more...] about Coronavirus: Largest UK recession on record – official figures
"If you concentrate everything - all wealth - in a single company controlled by the state then it is very easy for the political system to go there and try to grab resources,", says Sergio Lazzarini, an academic at Insper Business School. … [Read more...] about Petrobras’s oil bonanza: Blessing or curse?
With its bootstrap feminism (Towie girls are fond of referring to themselves as Strong Women, though only Gemma Collins looks like she could actually do damage), there is an air around these Essex kids of having known what was going on all along, even when derided as ‘sluts’, mocked as wide-boys and dismissed as chavs. … [Read more...] about Wowie, I love 10 years of TOWIE: It’s spawned its own language, made tans trendy and millionaires of working-class women – snobs may sneer, but JULIE BURCHILL is unabashed in celebrating the show’s anniversary