Borrowing edges down to £24bn in May as economy reopens
The Government borrowed £24.3bn in May, the second-biggest ever deficit for that month according to the Office for National Statistics.
ECONOMY
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ECONOMY
June 22, 2021 -
ECONOMY 
June 16, 2021 Rate of inflation passes Bank of England target as economy gets back in gear
The surge in the rate of inflation of the past couple of months showed no sign of slowing in May, hitting 2.1% as the cost of a range of goods picked up following the coronavirus crisis-induced slump for the economy.
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ECONOMY
June 15, 2021 UK strikes free trade deal with Australia in first major post-Brexit agreement
Boris Johnson has agreed a free trade deal with Australia in the first major post-Brexit trading agreement.
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ECONOMY
June 12, 2021 State pension warning: Your NI contributions may not be qualifying – rules explained
State pension income requires at least 10 years of qualifying NI contributions, with 35 years needed for the full amount of £179.60. It’s possible to get qualifying years whether one is working or not but there are different rules.
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ECONOMY
June 10, 2021 Pound euro exchange rate ‘under pressure’ – fears June 21 ‘freedom day to be pushed back’
The pound to euro exchange rate has remained in a tight range over the course of the last week as traders eagerly await the European Central Bank’s (ECB) monthly monetary policy decision. According to experts, while sterling has seen a boost in recent months, it now faces new “pressure” as traders await the Government’s decision regarding the June 21 […]
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ECONOMY
June 5, 2021 G7 aims to reach historic deal on corporate tax abuse this weekend
The G7 group of wealthy nations is close to a historic agreement to radically reshape international tax rules by using a global minimum rate of corporation tax to prevent abuse of the system by multinationals.
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ECONOMY
May 24, 2021 Pound euro exchange rate maintains steady position as Britons jet off on holiday
The pound to euro exchange rate continues to trade around the 1.16 mark, with experts suggesting there will be little in the way of movement over the next 24 hours. The steady position comes as Britons enter the second week of being legally allowed to jet off abroad under the Government’s “traffic light” system.
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ECONOMY
May 13, 2021 European recovery gains speed as COVID-19 fund kicks in
Europe’s economic recovery from the impact of COVID-19 is gaining momentum, the European Commission concluded in an economic forecast presented on Wednesday (12 May), with the rebound credited to the recovery fund, vaccines, global trade and the lifting of lockdowns.
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ECONOMY
May 12, 2021 UK economy contracts 1.5% in first quarter, but rebounds in March
Coronavirus restrictions saw the UK economy contract at the start of 2021 but the hit was smaller than first feared as growth rebounded in March, according to official figures.
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ECONOMY
May 6, 2021 Pound to euro exchange rate: Sterling could ‘rally higher’ this week with busy day ahead
Although today is a busy day within the financial calendar, an expert warned that this does not mean that investors should expect “significant volatility” from the exchange rate.
