Brits spend £40bn on items to boost mood in lockdown July 23, 2020 Brits have spent £40.6bn on dispensable items during lockdown in a bid to keep themselves entertained while at home. Consumers spent an average of £771.34 each during lockdown, as retailers launched new products to capitalise on the demand for at-home experiences. Londoners spent the most during lockdown, amounting to 2812.26 per person followed by parents [...]
UK unemployment: 650,000 Brits lose jobs in lockdown July 16, 2020 Around 650,000 people lost their jobs between March and June, official figures showed today, as the UK labour market “weakened markedly” during lockdown. Job losses led to a 0.3 per cent drop in total pay in May compared to a year earlier, the Office for National Statistics (ONS) said. That is a 1.3 per cent [...]
UK inflation beats expectations but stays well below Bank target July 15, 2020 UK inflation increased for the first time this year in June as non-essential shops reopened from coronavirus lockdown, official figures have shown, although it was still well below the Bank of England’s target. UK inflation as measured by the consumer price index came in at 0.6 per cent in June, the Office for National Statistics [...]
Eurozone inflation defies expectations with rise as economies re-open June 30, 2020 Eurozone inflation rose in June after hitting a four-year low in May as economies across the bloc began to re-open following lockdowns. Consumer prices in the bloc rose 0.3 per cent in June month-on-month, defying economists’ expectations that they would remain flat as the negative impact of low energy prices decreased. The European Union’s statistics [...]
German inflation beats expectations for June as services costs rise June 29, 2020 Inflation in Germany rose more than expected in June, partly due to higher prices charged by services having to enforce strict hygiene standards as the country eased its coronavirus lockdown. EU-harmonised German consumer prices rose 0.8 per cent this month compared to a year earlier, and 0.7 per cent compared to May’s figure. Economists had [...]
Crypto AM turns two years old today – One week, four anniversaries! June 18, 2020 Two years ago on the 18th June the first edition of Crypto AM was published in London’s City AM newspaper as a double page spread. With Crypto AM as a weekly feature, City AM became the only mainstream publisher to do this, thus providing an educational voice for the industry to share knowledge with the [...]
UK inflation sinks to four-year low as coronavirus puts pressure on prices June 17, 2020 UK inflation fell to a four-year low in May, driven by falling fuel costs and cuts to clothing prices as coronavirus sucked demand from the global economy. The Consumer Price Index (CPI) dropped to 0.5 per cent last month, the Office for National Statistics (ONS) said, falling from 0.8 per cent in April. Read more: [...]
How global markets will cope with a second wave June 13, 2020 Fears of a second wave of coronavirus have stubbed out hopes of swift economic recovery around the world, as the possibility of further lockdowns hangs heavy on global markets. While many countries seem to have a grip on the coronavirus crisis, the prospect of new infections in the US hinted in Wednesday’s Federal Reserve meeting [...]
What can the Covid-19 crisis teach us about tackling climate change? June 11, 2020 We already know how devastating climate change could be for the planet, so let’s ensure we learn the lessons from the current crisis. Covid-19 caught most of the world’s institutions and governments by surprise, leading to a global health and economic crisis unprecedented in modern times. Few people would disagree with the notion that most [...]
US inflation falls for third straight month as coronavirus hammers economy June 10, 2020 US consumer prices fell for a third straight month in May and underlying inflation was weak as demand remained subdued amid the recession caused by the Covid-19 pandemic. The Consumer Price Index (CPI) fell 0.1 per cent in May, after decreasing 0.8 per cent in April, new figures from the US Labour Department showed. Read [...]