GDP

Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure 

Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to…

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UK economic growth slows, ONS reveals

UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest…

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UK economy shrinks 1.5% in Q1 despite signs of recovery

The UK economy shrank by 1.5% during the first three months of the year due to the impact of the…

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GDP to contract £15.3bn each year if home working persists

Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP…

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HMRC and Covid-19: One hand giveth, the other taketh away

One hand giveth HMRC was responsible for overseeing and implementing the Government’s Coronavirus Job Retention Scheme (“CJRS”) and other furlough…

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How COVID-19 has impacted global supply chains

The impact of COVID-19 has been swift and devastating to those directly affected. Not just from a health perspective but…

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Record economic growth anticipated for Q3

The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp…

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UK in recession following 20% GDP slump

The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the…

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UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from…

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UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic

The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with…

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