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Borrowing hits £100 billion

19 June, 2020

Borrowing hits £100 billion

The government borrowed £103.7 billion over April and May to prop up the economy under lockdown.
Annie Mellor
Annie Mellor
1 min read
Nationwide withdraws 90% mortgages

18 June, 2020

Nationwide withdraws 90% mortgages

Nationwide, one of the country’s biggest mortgage providers, has said it won’t lend to new customers with less than a 15% deposit.
Annie Mellor
Annie Mellor
1 min read
Government U-turn on food vouchers

17 June, 2020

Government U-turn on food vouchers

The government made a U-turn yesterday, announcing that it would extend the free school meals scheme across the summer holidays.
Annie Mellor
Annie Mellor
1 min read
Unemployment rate stays steady

16 June, 2020

Unemployment rate stays steady

But there are now 600,000 fewer people on payroll than in March.
Annie Mellor
Annie Mellor
1 min read
Shops reopen today

15 June, 2020

Shops reopen today

This morning, shops across the UK are welcoming their first customers in almost 3 months.
Annie Mellor
Annie Mellor
1 min read
Economy crashed in April

12 June, 2020

Economy crashed in April

UK gross domestic product (GDP) plummeted 20.4% in April - the largest monthly fall on record by a long, long way.
Annie Mellor
Annie Mellor
1 min read
New jobs building fibre broadband

11 June, 2020

New jobs building fibre broadband

CityFibre has announced a three-year scheme to recruit 10,000 people to the project
Annie Mellor
Annie Mellor
2 min read
Property sales back to normal

10 June, 2020

Property sales back to normal

People are buying homes again, bringing the number of sales in England back to normal pre-lockdown levels.
Annie Mellor
Annie Mellor
2 min read
The £3,350 pensions gap

09 June, 2020

The £3,350 pensions gap

Retired people from black, Asian and minority ethnic (BAME) backgrounds are £3,350 worse off per year than white pensioners the same age.
Annie Mellor
Annie Mellor
2 min read
Economic shock hits BAME people hardest

08 June, 2020

Economic shock hits BAME people hardest

Two separate studies came out over the weekend finding that black and minority ethnic people have been hardest hit financially by coronavirus.
Annie Mellor
Annie Mellor
2 min read
Who claimed corona cash?

05 June, 2020

Who claimed corona cash?

Chanel, Greggs, and Tottenham Hotspur are all among the companies who’ve borrowed millions via the Bank of England’s covid corporate financing facility (CCFF) to stay afloat.
Annie Mellor
Annie Mellor
2 min read
Post-corona jobs programme?

04 June, 2020

Post-corona jobs programme?

Prime Minister Boris Johnson has warned we’ll see high levels of unemployment as a result of coronavirus.
Annie Mellor
Annie Mellor
1 min read