UK faces pre-Christmas slump on back of new Covid restrictions https://ift.tt/3eIgCZg Richard Partington Economics correspondent Surveys of business activity show a sharp decline as both confidence and output fall Coronavirus – latest updates See all our coronavirus coverage Britain’s economy is set for a pre-Christmas slump with further job losses and shop closures, despite government measures to protect businesses during the latest Covid-19 restrictions. Surveys of business activity reveal a sharp decline as tough new restrictions were launched across the UK amid the second coronavirus wave, setting the stage for a difficult winter ahead as the economy plunges into reverse. Continue reading... https://ift.tt/eA8V8J November 09, 2020 at 02:01AM

Surveys of business activity show a sharp decline as both confidence and output fall

• Coronavirus – latest updates
• See all our coronavirus coverage

Britain’s economy is set for a pre-Christmas slump with further job losses and shop closures, despite government measures to protect businesses during the latest Covid-19 restrictions.

Surveys of business activity reveal a sharp decline as tough new restrictions were launched across the UK amid the second coronavirus wave, setting the stage for a difficult winter ahead as the economy plunges into reverse.

Continue reading...

from The Guardian https://ift.tt/3eIgCZg