Economics

The government’s socialist measures might be a temporary economic prop, but they can't ignore the wealth building movement for much longer.

Analysts at Bank of America say that Brexit has turned it into a mirror of the “small and shrinking” UK economy.

Government borrowing soars to record £62bn in April to cope with coronavirus

“We are stuck in a tragic relationship with GDP growth, now is the time to escape it and build a new system where the economy is built around people and planet.”

Monetary Policy Committee member Silvana Tenreyro cautioned the UK recovery is likely to be ‘less V-shaped than one would like’.

Unemployment is expected to hit 3.4 million, the independent group added.

The Office for National Statistics (ONS) said UK GDP fell by 0.1% during the month, as it slipped from 0.1% growth in January.

Nobel Prize winning economist Paul Romer says two things have to happen now.

The figures do not take into account the major impact the the coronavirus might have on the British economy.