This, as the ONS points to, should be seen alongside the sharpest fall of 9.4% for the UK compared to those same economies in 2020. On the internationally comparable basis, the economy is still slightly smaller than it was at the end of December 2019, unlike the US, France and Canada. On the slightly more timely basis, using monthly data not available in other countries, the UK economy is larger than it was in February 2020.
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Heathrow security staff call off strikes
admin, , Business, 0
The offer includes a 10% increase in pay – backdated to January – rising to 11.5% in October, and...
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Food production in the UK at risk of moving overseas, warns industry
admin, , Business, 0
“We’ve got a very highly skilled, well run food manufacturing sector in this country at the moment which exports...
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What is the UK inflation rate and how does it affect me?
admin, , Business, 0
close panel Prices in the UK are no longer rising as fast as wages, official figures show. However, inflation...
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Energy firms’ collapse hits 1.5 million customers
admin, , Business, 0
Igloo, for example, has said it is working with restructuring consultants Alvarez & Marsal, although it told the BBC...
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Ukraine conflict: Growing numbers of firms pull back from Russia
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In retaliation against Western sanctions, the Russian government has banned the sale of Russian assets. So firms that, in...
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UK scraps Covid-19 vaccine deal with French firm Valneva
admin, , Business, 0
In a statement on its website, Valneva said: “Valneva SE, a specialty vaccine company, today announced that it has...
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5,000 people hit by Heathrow flight cancellations
admin, , Business, 0
“Coupled with airport caps, we are taking pre-emptive actions to increase resilience over the balance of summer, including a...
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Rail nationalisations may be coming down the track
admin, , Business, 0
Image copyright Getty Images Some UK railway franchises could be nationalised when emergency deals set up during the coronavirus...
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