BBC.- He’s been dubbed “Dishy Rishi”, “Britain’s economic Jedi” and “Santa Claus in hazmat” in recent months, but most often he is referred to as a “possible future prime minister”.
BBC.- Taxpayers face a day of reckoning when the government’s massive coronavirus support measures have to be paid off, experts warn.
BBC.- Chancellor Rishi Sunak is to cut VAT for hospitality and tourism as part of a package to prevent mass unemployment as the economy is hit by coronavirus.
BBC.- The coronavirus crisis could “level down” the UK economy with London and the South East expected to bounce back more quickly than Hull and Bradford.
BBC.- More targeted economic support is required to prevent job losses in the wake of Covid-19, the shadow chancellor has said.
BBC.- Businessman Nick Garthwaite sums up trading during the last few months thus: “We took an absolute pasting. May was the bottom, the pits.”
BBC.- Many UK households have picked up the savings habit just as the interest rates paid by banks have slumped.
BBC.- The US has threatened new trade tariffs on beer, chocolate and olives from the European Union, as part of a long-running row over subsidies to planemaker Airbus.
Perú21.- El presidente Martín Vizcarra encabezó una ceremonia en la que se suscribió la firma del acuerdo Gobierno a Gobierno entre Perú y el Reino Unido de Gran Bretaña e Irlanda del Norte. El objetivo es lograr la reconstrucción del norte del país, que fue afectado por el fenómeno de El Niño costero en 2017.
BBC.- The UK’s debt is now worth more than its economy after the government borrowed a record amount in May.
BBC.- The Bank of England will pump an extra £100bn into the UK economy to help fight the “unprecedented” coronavirus-induced downturn.
InfoMercado.- La embajadora británica en el Perú, Kate Harrison, expresó hoy su agradecimiento al Perú por haber elegido al Reino Unido para encargarse del plan integral de reconstrucción con cambios en Piura, Lambayeque, La Libertad y las demás regiones afectadas por el El Niño costero de 2017.
BBC.- The number of workers on UK payrolls dived more than 600,000 between March and May, official figures suggest.
BBC.- More than one million people have fallen through cracks in government schemes designed to support them during the coronavirus crisis, MPs says.
BBC.- UK industry bodies have again pushed the government to allow “travel corridor” deals with other countries.
BBC.- The UK is likely to be the hardest-hit by Covid-19 among major economies, a leading agency has warned.
BBC.- The UK and Japan are set to begin talks on Tuesday aimed at reaching agreement on a post-Brexit trade deal.
BBC.- Some 8.4 million workers are now covered by the government’s furlough scheme, up from eight million a week earlier, the Treasury has said.
BBC.- The UK government has indicated it is prepared to rescue large British companies severely affected by the coronavirus crisis.
BBC.- The cost of the government’s efforts to combat the coronavirus pandemic has risen to £123.2bn, according to latest estimates from the government’s independent economics forecaster.
BBC.- The chancellor has said it is “very likely” the UK is in a “significant recession”, as figures show the economy contracting at the fastest pace since the financial crisis.
BBC.- The UK’s oil and gas industry is warning that 30,000 jobs could be lost as a result of the coronavirus pandemic and the low oil price.
BBC.- The UK’s budget deficit is set to see “an absolutely colossal increase to a level not seen in peacetime”, the director of the Institute for Fiscal Studies has said.
BBC.- A revamped loan fund for ailing firms hit by the coronavirus lockdown will have an immediate impact, RBS has said. RBS chairman Sir Howard Davies admitted there had been problems but expects to see a “sharp increase” in lending to small firms in the next few days.
BBC.- Self-employed workers can apply for a grant worth 80% of their average monthly profits to help them cope with the financial impact of coronavirus, the chancellor has announced.
BBC.- The UK’s top share index is facing its worst day since the financial crisis after it fell sharply, wiping billions off the value of major firms. The drop follows global falls as a row between Russia and Saudi Arabia saw oil prices plunge by more than a fifth.
BBC.- Retail sales improved in January, increasing by 0.9% on the previous month, official figures show. The Office for National Statistics (ONS) said the amount of goods sold in Great Britain rose by 0.9%, after falls in the previous two months.
BBC.- Average weekly wages in the UK have reached their highest levels since before the financial crisis. Weekly pay reached £512 in the three months to December, which – adjusting for inflation – is the highest since March 2008.
BBC.- The UK’s planned ban on sales of new petrol, diesel or hybrid cars could start as early as 2032, Transport Secretary Grant Shapps has said.
Bloomberg.- The U.K. government asked its citizens to leave China, while Hong Kong reported a death from the coronavirus, confirming the second fatality outside the mainland. More than 20,600 cases have now been reported, an increase from about 17,000 the previous day.