UK economy news: Former Bank of England rate-setter warns of ‘fiscal consequences’

According to to expert, the nation’s recovery from the pandemic will be slower and shallower than…

FTSE 100 LIVE: Oil prices slump as fears grow fuel demand may stuggle to recover

US West Texas Intermediate (WTI) crude CLc1 futures skidded by as much as 16 percent and…

Tesla news: Elon Musk’s shock claim on car company's success exposed

Elon Musk made the statement in 2016, four years before his electric car company had reached…

UK and eurozone crisis: Activity plunges at 'unimaginable' rate from coronavirus lockdown

Fears have quickly intensified after the latest closely-watched data from IHS Markit and the Chartered Institute…

UK retail sales slump to all-time low: ‘COVID-19 sparks extinction-level for High Street'

Data shows the economic impact of the coronavirus lockdown on Britain has also seen benefits claims…

Richard Branson's warning AGAINST bailing out UK airline amid Virgin Atlantic row

Earlier this week, Sir Richard warned that Virgin Atlantic would go bust without Government support. He called for a…

Unemployment could hit SIX MILLION next month, warn economists – ‘horrendous' outlook

The IHS Markit/CIPS Flash UK Composite Purchasing Managers’ Index (PMI) fell to a record low of…

Coronavirus: “Race against time” to save UK businesses, CBI warns

The Confederation of British Industry (CBI) has called on the government to enact a step change…

British carmakers announce return to work as economy moves forward

Jaguar Land Rover announced yesterday that it plans to resume production at its plants in Solihull…

UK coronavirus news: Economy in FREE FALL as millions face redundancy

The shocking figures underlie the extent to which the lethal virus is laying waste to the…

Banks shamed as they help less than HALF of businesses applying for cash

Industry leaders warned funding for firms forced to the brink of collapse by Covid 19 “must…

FTSE 100 LIVE: Global markets PLUMMET as coronavirus drug fails first trial

With the number of deaths in hospitals hitting 18,738, ministers are working to roll out a…

Angela Merkel scrambles to save economy after record low slump amid 'catastrophic' warning

The German economy has suffered the “full fury” of coronavirus, according to the country’s leading Ifo…

Sky News host Ian King sent into meltdown as Purchasing Managers' Index falls dramatically

The business journalist stated the contraction in the economy is off the scale following the release…

Emmanuel Macron disaster: French economy CRUMBLES as shock chart exposes lockdown chaos

French President Emmanuel Macron is under pressure after shock data showed economic activity in the eurozone’s…

Brexit news: Big business convinced UK will cave on EU extension demands

There is a growing divide in opinion within the Brexit trade deal negotiating unit over whether…

Global recession warning: Whistleblower’s shock claims on collapsed bank exposed

As the general public grows increasingly fearful about the state of the economy during the ongoing…

Coronavirus news: Economist reveals why we should welcome lower oil prices

Coronavirus lockdowns have overturned the dominance of oil – the world’s most valued commodity. The worth…

Eurozone crisis: Expert questions long-term stability of eurozone project after crisis

Christopher Vecchio, from Dailyfx.com, said the euro has “lost ground versus every major currency” as he…

EU could take MONTHS to come up with coronavirus plan to save bloc from financial ruin

The Brussels official said an agreement may not be agreed until the Summer or “even longer”…

Coca Cola crisis: Sales plunge by quarter in April as coronavirus crisis hits drinks giant

Since the beginning of April, sales volumes have dropped by around 25 percent, but had been…

Eurozone on brink: Coronavirus a huge problem for monetary union, says legal expert

The bloc is reeling from the impact of the pandemic, and leaders of the EU27 are…