Edition:
United Kingdom

David Milliken

UK economy limps out of COVID-19 slump as dire 2020 unfolds

14 Jul 2020

LONDON Britain's economy stumbled out of its coronavirus-induced slump in May, dashing hopes of a swift rebound as government budget forecasters said it was on course for its worst year since pre-industrial times.

UK economy could shrink 14% this year, budget forecasters say

14 Jul 2020

LONDON Britain's economy could shrink by more than 14% this year if there is lasting damage from the coronavirus, a scenario that would push government borrowing to nearly half a trillion dollars, budget forecasters said on Tuesday.

Johnson says England may need stricter face mask rules

11 Jul 2020

LONDON British Prime Minister Boris Johnson said tighter rules on wearing face coverings may be needed to stop a resurgence in COVID-19 infections, and that he would like to see them worn more frequently in shops in England.

Johnson says England may need stricter face mask rules

10 Jul 2020

LONDON British Prime Minister Boris Johnson said tighter rules on wearing face coverings may be needed to stop a resurgence in COVID-19 infections, and that he would like to see them worn more frequently in shops in England.

UK borrowing set to hit 350 billion pounds, risks rising further

09 Jul 2020

LONDON British finance minister Rishi Sunak will probably have to ramp up borrowing again this year, even with the country already on course for its biggest peacetime budget deficit in three centuries, leading think-tanks said on Thursday.

Sunak pledges 30 billion pounds to stem unemployment crisis

09 Jul 2020

LONDON Britain's finance minister promised an additional 30 billion pounds to head off an unemployment crisis on Wednesday, funnelling money to employers, homebuyers and beleaguered hospitality firms to drive a recovery. | Video

UK gives 3.8 billion pound tax break to housing market

08 Jul 2020

LONDON Britain will suspend purchase taxes for homes costing up to 500,000 pounds until the end of March next year in a bid to jump-start the housing market after the coronavirus lockdown, finance minister Rishi Sunak said on Wednesday.

UK gives 3.8 billion pound tax break to housing market

08 Jul 2020

LONDON Britain will suspend purchase taxes for homes costing up to 500,000 pounds until the end of March next year in a bid to jump-start the housing market after the coronavirus lockdown, finance minister Rishi Sunak said on Wednesday.

UK house prices fall for longest period since 2010, Halifax says

07 Jul 2020

LONDON British house prices fell for a fourth month in a row in June as COVID-19 restrictions continued to depress the market, the longest run of monthly declines since 2010, mortgage lender Halifax said on Tuesday.

World News