Darren Morgan, Director of Economic Statistics at ONS, suggested that hot weather and an extra May bank holiday for the coronation of King Charles III helped to shake off further decline. Despite these factors, the cost-of-living crisis has been driven by the highest inflation in 4 decades, interest rate hikes on fixed-rate mortgages and a…
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What to watch US employment report: The US employment numbers during the coronavirus crisis have been essential reading for updates on the health of the economy. The latest employment report is different from jobless numbers reported yesterday in that it counts the number of people actively employed rather than those who are claiming social security…
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Pub stock jumps 10% after UK reopening London-listed shares climbed on Friday, with the FTSE 100 finishing the week 1% ahead of where it started. The end-of-week gains followed a lacklustre market reaction to Chancellor Rishi Sunak’s emergency budget, which included £30bn of support to boost the economy and job market. Measures announced included a…
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OECD says UK will be hardest hit major economy Following a sharp sell-off yesterday, London-listed stock indices continued falling on Wednesday after the OECD warned that the UK is likely to be the major economy hardest hit by the pandemic. The OECD anticipates the UK economy will sink by 11.5% in 2020, worse than contractions…
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UK stocks sink on GDP figures, US headlines Despite a Friday rally, London-listed stocks sank last week. In addition to the headlines and economic data out of the US, investors also got a view into the impact of the pandemic-induced lockdown on UK GDP, alongside March industrial and manufacturing production numbers. The UK economy shrank…
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