The UK is suffering far graver economic damage than Sweden after Britain imposed a lockdown and the Scandinavian country did not. Britain’s GDP has already seen a larger slump than Sweden’s this year – with only one week of lockdown included in the figures so far. The UK’s construction and retail sectors both saw their … Read more
Chancellor Rishi Sunak warns of economic ‘scarring’ from coronavirus saying there might not be an ‘immediate bounceback’ – as he hints self-employed bailout will not carry on past June Chancellor Rishi Sunak has been giving evidence to a House of Lords committee Warned of economic ‘scarring’ from covid and recovery may not be ‘immediate’ Hinted … Read more
France should sell the MONA LISA for €50 billion to deal with its coronavirus economic crisis, one of the country’s top businessmen suggests Stephane Distinguin said France should sell the Mona Lisa to help the economy He said for the sale to ‘make sense’, the Mona Lisa would need to fetch €50bn The Mona Lisa … Read more
Coronaphobia could end up thwarting Boris Johnson’s efforts to ease lockdown – as a poll today suggested the public fears the virus far more than immediate economic meltdown. Exclusive research for MailOnline shows 62 per cent are more worried about the effects of the draconian curbs ending too early, while 38 per cent say their … Read more
By any stretch of the imagination, the economic data that has been part of the top two or three nightly news items for the last six weeks has been colossally dreadful. Then bright and early this morning we saw the Bank of England warn UK GDP will slump by 14 per cent this year as … Read more
The dividend drought has begun. For people who rely on dividends for their income, either directly or indirectly through their pensions, the past three or four weeks have been a catastrophe. Share prices may have clambered back some 20 per cent from their lows of March 23, when the FTSE100 index dipped below 5,000 – … Read more
Ending furlough scheme in June is ‘tantamount to economic suicide’, say business leaders By Tom Witherow For The Daily Mail Published: 21:50 BST, 30 April 2020 | Updated: 22:26 BST, 30 April 2020 Ending the Government’s near-£50billion wage subsidy scheme in June is ‘tantamount to economic suicide’ as firms will be forced to make mass … Read more
Britain’s leading economic think-tank sounds alarm on household debt, warning many will be unable to pay it off By Daily Mail City & Finance Reporter Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 Britain’s leading economic think-tank has sounded the alarm on household debt, warning many will be unable to … Read more
On Saturday, the Mail launched a new series uncovering China‘s role in fuelling the coronavirus pandemic. We have investigated claims about the origins of the virus in Wuhan and documented the cover-up of the outbreak by the Chinese authorities. Today, in the concluding article, we explore fears that China is in prime position to exploit … Read more
Ministers have been accused of ‘treating the public like children’ by refusing to discuss how they may steer the UK out of lockdown – as Scotland’s first minister Nicola Surgeon promises to set out an exit strategy next week. Alok Sharma, the business secretary, claimed that discussing an exit plan detailing how restrictions may come … Read more