Tag: spending

Covid: Public spending rise could last longer

Image copyright Getty Images The government must choose this autumn between more austerity and permanently higher spending, experts warn. Although the Autumn Budget has been cancelled, the Treasury is still set to publish a Spending Review containing government expenditure plans. Because of Covid-19, public spending is likely to rise to the highest share of national income in more than a… Read more →

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UK retail sales boosted by DIY spending

Image copyright Getty Images British retail sales have continued to increase for the fourth consecutive month, boosted by spending on household goods and DIY, according to official figures. The Office for National Statistics (ONS) said retail sales volumes rose by 0.8% between July and August. Sales are now 4% higher than in February, when a pandemic was declared. “Retail sales… Read more →