Tag: fall

Coronavirus: Business picks up in NI but employment levels fall

Image copyright Reuters Image caption Retail, manufacturing and construction have reported a strong rebound in growth Business activity in NI picked up last month, signalling economic recovery, but employment levels are continuing to fall, an Ulster Bank survey suggests. Every month, the bank conducts a survey of a representative sample of firms. It is considered a reliable indicator of economic… Read more →

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Coronavirus: Nissan shares fall 10% after record loss warning

Image copyright Getty Images Nissan’s shares have plunged by 10% in Tokyo trading after warning that it would see a record annual loss. Japan’s second largest carmaker said it expects a $4.5bn (£3.5bn) operating loss this year as the coronavirus hinders its turnaround efforts. The worse-than-expected forecast came as the company predicted its sales will be the lowest in a… Read more →

UK workers on payrolls fall by 612,000

Image copyright Getty Images The number of workers on UK payrolls dived more than 600,000 between March and May, official figures suggest. The Office for National Statistics (ONS) said the number of job vacancies in May had also fallen to a record low. The figures reflect the impact of around six weeks of lockdown in the UK, in which almost… Read more →

House prices see largest monthly fall for 11 years, says Nationwide

Image copyright Getty Images House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the Nationwide. Annual house price growth halved from 3.7% to 1.8%, as the coronavirus crisis hit market activity. The latest HMRC data showed that residential property transactions fell 53% in April compared with 2019. “The medium-term outlook… Read more →

Coronavirus: Gig economy workers ‘fall between cracks’

Media playback is unsupported on your device Media captionThree self-employed people explain the difficulty of trying to make ends meet during lockdown People in the gig economy are being “forced into destitution” due to substandard support, a union has said. An estimated five million people in the UK are freelancers or on short-term contracts. The Independent Workers Union of Great… Read more →

Coronavirus: Universities fear fall in lucrative overseas students

Image copyright Getty Images Image caption Universities are uniquely vulnerable to the pandemic Which sector of the economy do you think is being hardest hit by the coronavirus – construction, retail, transport or catering? Well, you are all wrong, and need to do some more homework. The answer is – education. Many people probably don’t even think of education as… Read more →

Mirrors and shears prices set to fall in Brexit tariff plan

Image copyright Getty Images Baking powder, garden shears and mirrors are among the items set to get cheaper from 1 January under new tariff plans announced by the government. The Department for International Trade said the new UK Global Tariff is a simpler, more liberal scheme which “backs consumers and business”. Following its departure from the European Union, the UK… Read more →