United Kingdom

Andy Bruce

UK mortgage approvals rebound in June as property market reopened

29 Jul 2020

LONDON British mortgage approvals more than quadrupled last month from May's record low and households showed signs of spending more, as the economy began to open up from the coronavirus lockdown.

Extend UK furlough scheme or risk wave of joblessness, think tank warns

29 Jul 2020

LONDON British finance minister Rishi Sunak should extend the government's job retention scheme until the middle of next year to stop a surge in unemployment to levels not seen since the early 1990s, a top think tank said on Tuesday.

UK companies and shoppers send recovery signals for economy

24 Jul 2020

LONDON British businesses have reported their fastest upturn in five years and shoppers pushed their spending back to near pre-lockdown levels, a survey and data published on Friday showed.

Easing UK lockdown spurs big upturn for COVID-hit business-PMI

24 Jul 2020

LONDON, July 24 British businesses experienced the fastest upturn in five years during July as more of the economy reopened from the coronavirus lockdown, a closely-watched survey showed on Friday.

'V' good? How Britain's economic recovery is shaping up

24 Jul 2020

LONDON Britain's economy has started to recover from its coronavirus lockdown but signals about a rise in unemployment are raising doubts about how much momentum is building behind the rebound.

UK borrows record 128 billion pounds in three months to June

21 Jul 2020

LONDON British government borrowing surged to a record 128 billion pounds ($162 billion) in the first three months of the 2020/21 financial year, when COVID-19 lockdown measures were tightest, more than double the entire previous year's borrowing. | Video

UK suspends Hong Kong extradition treaty, stoking China tensions

21 Jul 2020

LONDON Britain announced on Monday it would suspend its extradition treaty with Hong Kong in an escalation of a dispute with China over its introduction of a national security law for the former British colony. | Video

Lockdown video gaming helps fuel rise in UK inflation

15 Jul 2020

LONDON British inflation rose unexpectedly last month, spurred by rising prices for in-demand video game consoles during the coronavirus lockdown, official data showed on Wednesday. | Video

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