Tag: recovery

Coronavirus: Can London’s suburbs lead the capital’s economic recovery?

By Sam FrancisBBC News, London image copyrightGetty Images/BBC image captionDuring lockdown shoppers have traded central London for suburban high streets The UK economy has suffered its biggest slump on record and remains in recession. Central London’s world-famous shopping district sits largely empty with no prospect of returning to normal soon. But can green shoots of a recovery be seen on… Read more →

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Coronavirus: Sports and arts fans ‘could wait years’ for recovery

Image copyright Getty Images Image caption It could be years before we see crowded stadiums again, says Lord Elis-Thomas Sports and arts fans are not likely to be filling venues again for years, according to Wales’ deputy culture and sport minister. Lord Dafydd Elis-Thomas said “social responsibility” not to spread the virus would guide any relaxing of restrictions. The Welsh… Read more →

Coronavirus: NI firms’ recovery stalled in August, says survey

Image caption Despite August’s Eat Out to Help Out scheme, NI’s service sector recovery is lagging behind GB Economic recovery in Northern Ireland stalled in August, according to an Ulster Bank survey. Every month it asks private sector firms about staffing, exports and new orders in what is considered a reliable indictor of economic performance. While retail and construction initially… Read more →

Greggs sees ‘encouraging’ sales recovery

Image copyright Getty Images Bakery chain Greggs has said its sales have recovered to “encouraging” levels since it reopened shops in the wake of the coronavirus lockdown. It said sales were running at 72% of 2019’s level, with all but a handful of its 2,025 outlets now trading again. Although many people are still away from their workplaces, chief executive… Read more →

Republicans introduce $1tn pandemic recovery plan

Image copyright Getty Images Republicans have proposed spending an additional $1tn (£776bn) to address the economic damage caused by the coronavirus pandemic. The plan includes $100bn for schools and issuing stimulus payments of up to $1,200 to most Americans. Under the plan, the payment would replace a $600 boost to unemployment benefits during the pandemic. The proposal sets the stage… Read more →

Coronavirus lockdown vs fear: What’s delaying economic recovery?

Image copyright Getty Images The coronavirus outbreak has been followed by a massive decline in economic activity in many countries, often blamed on the lockdowns aimed at stopping the spread of the disease and limiting the deaths it causes. In fact, there are two forces at play. Government rules being one, and voluntary action taken by individuals and businesses is… Read more →