Page 12 - Uk Economy
Bank of England's Ramsden sees plus for economy from Covid-19 vaccine news
The BoE this month increased its bond-buying stimulus plan by a further 150 billion pounds, something Ramsden said would act as a bridge for the economy.
 "Bank of England's Ramsden sees plus for economy from Covid-19 vaccine news")
UK economy grows 1.1% in September, rebounds 15.5% in third quarter
That quarterly growth did not make up for the record 19.8 per cent fall recorded in the second quarter when much of the economy was shuttered in connection with the coronavirus lockdown
 "UK economy grows 1.1% in September, rebounds 15.5% in third quarter")
UK economy grows by monthly 1.1% in September, slower than expected
Britain's economy grew by a slower than expected 1.1% in September from August, even before the latest restrictions on businesses, official data showed
 "UK economy grows by monthly 1.1% in September, slower than expected")
UK tries to reassure business leaders over Brexit with new taskforce
Britain will attempt to reassure business leaders it appreciates need for clarity on rules outside of the EU by setting up a task force to discuss challenges 50 days before the transition period ends
 "UK tries to reassure business leaders over Brexit with new taskforce")
BoE's Haldane hopes vaccine news will be quick game-changer for economy
Pfizer Inc said on Monday its experimental Covid-19 vaccine was more than 90% effective.
 "BoE's Haldane hopes vaccine news will be quick game-changer for economy")
Bank of England increases monetary stimulus by more than expected
The Bank of England has increased its monetary stimulus by a bigger than anticipated 150 billion pounds ($195 billion) as it tries to boost the economy through new lockdown measures
 "Bank of England increases monetary stimulus by more than expected")
UK extends 80% wage subsidies as England goes back into lockdown
The scheme supported 8.9 million jobs at its peak, and had been forecast to cost around 52 billion pounds ($67.28 billion) over its eight-month lifespan.
 "UK extends 80% wage subsidies as England goes back into lockdown")
UK budget deficit hits $271 billion in H1FY21 amid calls for more aid
Borrowing in September alone was 36.1 billion pounds, the Office for National Statistics said Wednesday
 "UK budget deficit hits $271 billion in H1FY21 amid calls for more aid")
UK govt plans to invest millions on wind power, says PM Boris Johnson
The continuing crisis has pushed other initiatives off the agenda, but green issues remain part of Johnson's plans.
Brexit prompts nearly 7,500 city jobs, $1.6 trillion to leave UK
From next year, firms in Europe's financial capital will lose their passport to offer services across the EU
 "Brexit prompts nearly 7,500 city jobs, $1.6 trillion to leave UK")
UK GDP collapsed nearly 20% in second quarter in historic Covid hit
Gross domestic product shrank by 19.8 per cent in the three months to June
UK GDP collapsed nearly 20% in second quarter in historic Covid hit
Britain's economy had already shrunk by 2.5% in the January-March period as the country entered lockdown in late March
 "UK GDP collapsed nearly 20% in second quarter in historic Covid hit")
A tale of two Britains: Covid led homes market boom deepens social divide
A post-lockdown stampede for bigger houses outside of urban areas in the new work-from-home age has sparked a fresh boom in Britain's housing market
Sunak's winter economy plan: Job scheme, extended loans for firms
Economists - and the chancellor himself - warned Thursday's package, while saving some jobs, won't stop a wave of redundancies when the current more generous program ends.
 "Sunak's winter economy plan: Job scheme, extended loans for firms")
UK's Rishi Sunak considers sweeping tax hikes to plug Covid-19 hole
Tax hikes suggested by Treasury officials could raise an extra 20-30 billion pounds a year and some of them could be announced in an autumn budget statement by Sunak
UK treasury officials pushing for tax hikes to offset Covid impact: Report
Such hikes will enable the exchequer to raise at least 20 billion pounds ($26.70 billion) a year, and some could be introduced in the November budget, the Sunday Telegraph said
UK looking to drop 'Facebook tax' in favour of post-Brexit deal: Report
Britain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are US companies
UK govt debt tops $2.6 trn for first time; Sunak calls for tough decisions
It means Britain now owes an amount euiqvalent to more than 100 per cent of economic output, the heaviest burden since the early 1960s, the Office for National Statistics said on Friday
UK economy recovering from Covid shock, for now, as public borrowing mounts
Retail sales rose above pre-pandemic levels in July and August's Purchasing Managers' Index data showed the fastest growth in almost seven years
 "UK economy recovering from Covid shock, for now, as public borrowing mounts")
Covid-19: Britain enters recession as GDP tumbles 20.4%, worst in Europe
Brace for more job losses, says Sunak
 "Covid-19: Britain enters recession as GDP tumbles 20.4%, worst in Europe")
