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Business / Verslas

What awaits the British economy?

The UK may need to borrow as much as 1/4 of that is 25% of the raised budget

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(UK) banks have announced they have committed £ 2.8bn to businesses during the coronavirus epidemic. (UK) banks have announced £ 2.8bn for business during the coronavirus epidemic, but budget deficits could still be around £ 200-600bn

The UK may need to borrow as much as 1/4 of that is 25% of the raised budget

The coronavirus epidemic is expected to have a particularly severe impact on the country’s public sector, taxes are likely to increase.  According to the study, the UK may need to borrow £ 500bn. Last year, the deficit was £ 48.70 billion

 

Business / Verslas

Bank of England billions for economic recovery

The net inflows to the UK economy as a whole will amount to more than £ 895 billion

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britanija - uk - Jungtine karalyste
@United Kingdom

The Bank of England has extended support to the UK, which is plagued by a coronavirus epidemic, to £ 150 billion. The net inflows to the UK economy as a whole will amount to more than £ 895 billion.

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Business / Verslas

The debt of the UK population is growing

The debt of the UK population is growing. UK residents do not return money borrowed from the bank for a variety of reasons. 

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© Fotolia nuotr.

The debt of the UK population is growing. UK residents do not return money borrowed from the bank for a variety of reasons. There is no doubt that this is due to the spread of the coronavirus. By the Wikipedia the UK national debt amounted to £1.78 trillion, or 86.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £48 billion (which is roughly 4% of GDP or 8% of UK government tax income).

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Business / Verslas

In the UK, the highest unemployment since 2017

Unemployment in the country was reported to be 0.4 percent. higher than at the beginning of this summer. Coronavirus was hit by a record low unemployment rate in the UK, at 3.5% at the time.

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Unemployment in uk

The highest in the UK over all three years. This was greatly influenced by the coronavirus. More than 500,000 unemployed people in the UK are young people aged 18-27. Unemployment in the country was reported to be 0.4 percent. higher than at the beginning of this summer. Coronavirus was hit by a record low unemployment rate in the UK, at 3.5% at the time.

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