UK sectors hit hardest by lockdown show sharp rise as big tech shares fall on Wall Street UK travel and hospitality companies set to benefit from the easing of Covid restrictions rallied on the London stock market after Boris Johnson set out the government’s roadmap for ending lockdown in England. Against a backdrop of […]
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The government must not allow an even more divided society to emerge post-pandemic It was John Maynard Keynes who developed the idea of “animal spirits” as a kind of spontaneous market optimism, or pessimism, which lent a crucial emotional dimension to economic outcomes. The unveiling of Boris Johnson’s roadmap out of social restrictions was […]
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Jerome Powell worried by high unemployment in US economy Rejects Republican suggestion stimulus will lead to inflation The US economic recovery “remains uneven and far from complete”, Federal Reserve chair Jerome Powell told a committee of US senators Tuesday. In his semi-annual update on monetary policy, his first delivered under Joe Biden’s presidency, Powell […]
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PM says businesses will continue to get economic support until they can operate as normal Coronavirus – latest updates See all our coronavirus coverage Boris Johnson has said he is “very confident” all restrictions on normal life in England will end on 21 June, saying the government will continue to provide economic support to […]
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The G7 needs to keep giving financial aid and other support if it wants to avoid ongoing disruption Coronavirus – latest updates See all our coronavirus coverage Recognising that “no one is safe until everyone is safe,” the G7 recently announced additional steps to facilitate globally more “affordable and equitable access to vaccines, therapeutics […]
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Firms are adding to their payrolls, but the real test will come when the Covid furlough scheme ends On one reading of the latest unemployment figures, the UK labour market is in pretty good shape. The number of people being added to payrolls is going up and so is the number of job vacancies. […]
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Rolling coverage of the latest economic and financial news UK jobless rate highest in almost five years Unemployment rate hit 5.1% in October-December But payrolls have risen in last two months, after tumbling in pandemic ONS: labour market may be stabilising 8.30am GMT Chancellor of the Exchequer, Rishi Sunak, says he will present the […]
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Government’s furlough scheme prevents higher increase in joblessness in December Coronavirus – latest updates See all our coronavirus coverage Unemployment edged higher to 5.1% in December as the government’s furlough scheme continued to prevent a steep rise in job losses in the run-up to Christmas. With much of economy still in enforced hibernation, the […]
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More executive roles are expected to relocate to home base of Hong Kong as part of Asia shift, where most of its earnings come from HSBC, Britain’s biggest bank, has recorded a 34% drop in profit for 2020 as it prepares to double down on its operations in Hong Kong and China despite concern […]
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