Although exports began to recover from a massive drop in January, over the quarter, the Observatory calculated that, of the worst affected sectors, textiles saw exports fall 63%, food suffered a 36% drop, and the automotive industry saw exports down 20%.
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UK economic outlook has deteriorated, Bank of England warns
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While the Bank said the UK’s banking sector was well-placed to cope with a severe downturn, it said banks...
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Retail sales in 2020 worst on record, says BRC trade body
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The BRC’s sales monitor is collated with the consultancy KPMG, whose UK head of retail, Paul Martin, said: “In...
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Pay growth jumps for first time in more than a year
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Pay growth has picked up for the first time in more than a year, according to the latest official...
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Firms must prevent sexual harassment under new law
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If you have been subjected to sexual harassment you can submit a grievance to your HR department and have...
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Energy bills to rise more than predicted, says Ofgem boss
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About 23 million households in England, Wales and Scotland have their bills governed by the energy price cap. That...
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Petrol prices fall to lowest level in two years
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The RAC, which has criticised supermarkets and petrol retailers over pricing, said petrol falling to £1.43 on average –...
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BA suspends sales of short-haul tickets from Heathrow
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In a statement, BA said: “As a result of Heathrow’s request to limit new bookings, we’ve decided to take...
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Paula Vennells opposed stopping postmaster prosecutions, inquiry hears
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Former Post Office boss Paula Vennells ignored calls from the organisation’s top management team to halt sub-postmaster prosecutions, the...
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