Greensill collapse sends shockwaves through economy

Greensill collapse sends shockwaves through the economy: 3,000 steel jobs at risk as Gupta defaults and is left facing a funding crisis By Lucy White For The Daily Mail Published: 22:15 GMT, 8 March 2021 | Updated: 22:15 GMT, 8 March 2021 A specialist lender advised by David Cameron has crashed into administration. Lawyers for … Read more

Covid Ireland: Economy booms amid pandemic with 3.4% growth in 2020 from exports

Ireland’s economy boomed in 2020 despite the coronavirus pandemic, with the country seeing growth off the back of increased pharmaceutical and IT exports. Ireland bucked the trend of global coronavirus-driven downturns, as the eurozone member enjoyed a Gross Domestic Product (GDP) growth of 3.4 percent in 2020, finance minister Paschal Donohoe revealed.  The country fared … Read more

Budget 2021: Rishi Sunak unveils £407bn Covid recovery plan for UK economy

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget today: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously though. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, … Read more

Budget: Rishi Sunak to unleash ‘fiscal firepower’ to rescue Britain’s coronavirus-ravaged economy

Rishi Sunak will vow unleash his ‘fiscal firepower’ to rescue Britain’s coronavirus-ravaged economy when he delivers his Budget tomorrow. The Chancellor is set to launch a three-pronged economic plan to breathe new life into UK plc after one of the most disastrous years in history. But his bid to protect jobs and livelihoods while putting … Read more

China created 200 billionaires in 2020 as economy grew despite Covid pandemic

China created more than 200 billionaires last year as a booming stock market and a slew of new company listings offset the damage caused by the Covid pandemic. The Hurun Global Rich List showed that 259 Chinese broke into the billion-dollar club in 2020, more than the rest of the world combined and taking the … Read more

How Covid-19 wreaked havoc on the UK economy

The economy has endured its worst peacetime shock in living memory. And almost a year on from the first lockdown, Chancellor Rishi Sunak will tomorrow unveil a Budget that attempts to wean the country off emergency support measures and set a course towards recovery. He will also want to reassure voters – and financial markets … Read more

Builders say cutting VAT on home repairs could boost economy

Builders claim cutting VAT on home repairs could give economy a £51bn boost By Daily Mail City & Finance Reporter Published: 21:52 GMT, 28 February 2021 | Updated: 21:52 GMT, 28 February 2021 Cutting VAT on home repairs could give the economy a £51billion boost, builders have claimed.  The Federation of Master Builders (FMB) and … Read more

Britain’s economy will lose £18 BILLION if international travel curbs remain until the summer

Boris Johnson has been warned that failing to reopen international travel for the summer would blow an £18billion hole in the economy. The prime minister has been facing growing pressure to include international travel in his roadmap for easing lockdown, due to be published today, Monday. On Thursday, the bosses of some of Britain’s biggest … Read more

Britain’s economy will lose £18 BILION if international travel restrictions remain in place

Britain’s economy will lose £18 BILION if international travel restrictions remain in place until the summer, MPs warn Aviation group found lack of tourists would cause loss of £7.5bn to hospitality  Outbound travel is expected to be hit with losses of £10.5bn with restrictions  Bosses have said that government needs to offer significant support package  … Read more

Britain’s economy will lose £18 BILION if international travel restrictions remain in place

Britain’s economy will lose £18 BILION if international travel restrictions remain in place until the summer, MPs warn Aviation group found lack of tourists would cause loss of £7.5bn to hospitality  Outbound travel is expected to be hit with losses of £10.5bn with restrictions  Bosses have said that government needs to offer significant support package  … Read more