slump

Thousands of unwanted new and used motors are stored on airfield as coronavirus slump hits economy 

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Now, where did we park the car? Thousands of unwanted new and used motors are stored on airfield as coronavirus slump hits economy Thurleigh Airfield in Bedfordshire is being used to hold thousands of unsold cars Former RAF base is now a storage site amid fears over future of motor industry  This comes as British … Read more

New car registrations slump 89% to lowest May level since 1952

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New car registrations sank 89 per cent to the record-lowest May for motor sales since 1952, according to official figures published today by the Society of Motor Manufacturers and Traders.  Just 20,247 motors were registered – down from 183,725 in May 2019 – as ‘click and collect’ sales during the month failed to spark UK … Read more

Ready meal sales slump as shoppers cook food from scratch

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Britain gets back into the kitchen: Ready meal sales slump as shoppers use extra time at home to fill their freezers with ingredients and start cooking proper dinners Millions have shunned ready meals in lockdown and turned to home cooking Experts say Brits are more ‘time rich’ than usual so honing their cooking skills  Sale … Read more

Eurozone’s economic slump has likely bottomed out, analysts say

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An economic collapse in the eurozone caused by coronavirus has ‘likely bottomed out’ as lockdowns have been eased across the continent, experts have said. The economies of 19 countries using the euro are still declining but are doing so at a much slower rate, analytics firm IHS Markit said in a report on Thursday. Data … Read more

Britain sees worse economic slump than Sweden after imposing lockdown

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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

Retailers suffer worst slump on record as sales fall a fifth in April

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Retailers suffer worst slump on record with sales of goods across the UK plummeting by almost a fifth in April By Daily Mail City & Finance Reporter Published: 23:34 BST, 12 May 2020 | Updated: 23:34 BST, 12 May 2020 Sales of goods across the UK plummeted by almost a fifth in April as the … Read more

Bank of England warns UK GDP will slump 14 PER CENT this year

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Bank of England warns coronavirus crisis will see GDP slump nearly 30 PER CENT in the first half of this year and push the economy to worst recession for 300 YEARS By James Tapsfield, Political Editor For Mailonline Published: 07:33 BST, 7 May 2020 | Updated: 07:49 BST, 7 May 2020 UK GDP will slump … Read more

Covid-19 slump will push EU into a recession of ‘historic proportions’

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Covid-19 slump will push EU into a recession of ‘historic proportions’ wiping 7.7% off growth By Hugo Duncan for the Daily Mail Published: 21:50 BST, 6 May 2020 | Updated: 21:50 BST, 6 May 2020 Europe faces a recession of ‘historic proportions’ as Covid-19 cripples economies, according to forecasts published by Brussels. In a devastating … Read more