Two consecutive quarters of shrinking GDP means that we’re technically in a recession.Ofgem, the energy regulator, is set to lower the gas price cap, saving customers £84 on their bills.The Bank of England has released its latest predictions for how the UK economy will fare over the next year.Nationwide, one of the UK’s biggest mortgage providers, is turning away buyers relying too much on the “Bank of Mum and Dad”.Hundreds of “shovel ready” projects across the UK are about to get the green light to build new homes.Estate agent Knight Frank has said demand for homes is rising faster than supply.Amazon, Facebook, and Apple have defied trends and seen their revenues soar during lockdown.The UK is on track to build just 880,000 cars this year. That’s a third less than last year, and our lowest since 1957.Unemployment could hit 10% by the end of the year when the furlough scheme ends.The price of gold has hit a record high as nervous investors buy up the bullion as a safe haven from volatile stock markets.The government has re-imposed the 14-day quarantine rule on people entering the UK from Spain after a resurgence of coronavirus cases there.Shops continued to bounce back in June, with a 13.9% boost in sales which overall takes retail back to pre-lockdown levels. 
