United States

David Milliken

UK factory output grows at fastest rate since 2017: PMI

Aug 03 2020

LONDON British manufacturing output grew at its fastest pace in nearly three years in July as factories reopened and demand began to pick up after the coronavirus lockdown was eased, a closely watched business survey showed on Monday.

Two thirds of UK firms 'fully operational' after COVID, survey says

Aug 01 2020

LONDON Two thirds of British businesses say they are now "fully operational" after the coronavirus lockdown, up from half in June, according to a survey on Sunday.

UPDATE 1-UK 10-year government bond yields hit all-time low

Jul 31 2020

LONDON, July 31 British 10-year government bond yields sank to their lowest on record on Friday, pushing past a level that had held since March as concerns about weak global growth data and a second wave of COVID-19 infections mounted.

UK house prices surge the most in 11 years as lockdown lifts

Jul 31 2020

LONDON British house prices jumped the highest in 11 years this month, adding to signs that parts of the economy are rebounding rapidly as coronavirus restrictions are eased.

Bank of England to keep policy on hold as COVID prognosis murky

Jul 31 2020

LONDON Britain's central bank will shed more light next week on how fast it expects the economy to rebound from the financial damage wrought by COVID-19, but is unlikely to add to the 100 billion pounds ($131 billion) of stimulus it announced in June.

Third of furloughed UK workers return to work in early July

Jul 30 2020

LONDON Roughly one in three furloughed workers in Britain returned to their jobs in the first two weeks of July as the hospitality industry began to reopen to the public after a coronavirus lockdown, official data showed on Thursday.

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.

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