May 14, 2020 | Current Affairs
The UK economy contracted at the fastest rate since 2008 in March 2020, with gross domestic product (GDP) down 5.8%. Figures from the Office for National Statistics (ONS) also showed the economy shrank by 2% in the first three months of 2020. Lockdown measures were...
May 12, 2020 | Current Affairs
The Department for Business, Energy and Industrial Strategy has issued new guidance to help workers and employers return to work safely. Prime Minister Boris Johnson advised workers in the construction and manufacturing sectors in England to return to work on 13 May...
May 11, 2020 | Current Affairs
Business groups are calling on the Government to clarify a conditional plan to ease lockdown restrictions in England. Prime Minister Boris Johnson revealed a new COVID-19 alert system with five levels would dictate how quickly lockdown restrictions could be lifted. In...
May 7, 2020 | Current Affairs
The UK could be set for the deepest economic recession since records began, according to estimates by the Bank of England. The Bank published its quarterly monetary policy reporton 7 May 2020, in which it set out a "plausible illustrative scenario" to show the impact...
May 1, 2020 | Current Affairs
Almost half (48%) of small and medium-sized businesses that have applied for coronavirus business interruption loans have been successful. Statistics from UK Finance up until 30 April 2020 showed that 25,652 applications out of 52,807 had been approved. More than £4.1...
