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Andy Bruce

Extending UK furlough would trap people in false hope, finance minister says

Aug 07 2020

LONDON Extending Britain's furlough scheme would leave some workers trapped in false hope that they could return to their jobs after the coronavirus pandemic, British finance minister Rishi Sunak said on Friday.

Negative rates in BoE toolbox, but no plans to use them, BoE's Bailey says

Aug 06 2020

LONDON Britain's central bank said it saw no immediate case to cut interest rates below zero on Thursday as it warned the economy would take longer to recover from its COVID slump than it previously forecast. | Video

UPDATE 2-UK mortgage approvals rebound in June as property market reopened

Jul 29 2020

LONDON, July 29 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

Jul 28 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

Jul 24 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.

UK companies and shoppers send recovery signals for economy

Jul 24 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.

UPDATE 1-UK companies and shoppers send recovery signals for economy

Jul 24 2020

* Consumer confidence remains well below pre-COVID levels (Combines separate stories)

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

Jul 23 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

Jul 21 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

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