Tag: economy
UK GDP growth eases in July
The British economy continued its recovery in July, expanding by 6.6 per cent, according to official figures, but output remains well below pre-pandemic levels.
The...
Freelance sector enters recession as wider economy contracts by a fifth
The freelance sector entered recession in the second quarter of 2020 as a second consecutive trimester of negative growth in freelancers’ earnings was recorded...
Hiring confidence improves for first time since February
In a sign that the jobs market is picking up for the first time since the Covid-19 pandemic took hold earlier in the year,...
Global IT spending to contract by 7.3% in 2020
A leading US research firm has predicted that worldwide IT spending will contract in 2020, amid a global pandemic that has seen heightened demand...
Gold prices hit nine-year high
The economic turmoil of the Covid-19 pandemic continued to shake markets on Wednesday as gold prices topped $1,800 for first time since 2011.
Gold is...
Bank of England pumps further £100bn into economy
The Bank of England ramped up its quantitative easing (QE) programme by a further £100 billion on Thursday, to help fight the “unprecedented” economic...
Contractor pay takes a hit as recruitment activity continues to dwindle
Rates of pay for contingent workers fell at the fastest month-on-month rate for eleven years in May, whilst permanent placements and temp billings both...
Demand for staff falls for first time in over a decade
The COVID-19 outbreak has caused a sharp drop in recruitment activity across both the permanent and temporary sectors, according to the latest Report on Jobs published...
Bank slashes interest rates in emergency cut
The Bank of England dropped interest rates by 50 basis points (0.5 percentage points) early on Wednesday morning in an attempt to stimulate the...
UK tech market growth to fall below zero
A new forecast by American market research firm Forrester has predicted that the tech market growth rate in the UK will fall to -1.4...
