The UK Government borrowed £55.2 billion last month, hitting a new record high as the coronavirus lockdown weighed heavily on its finances.
Ons
UK retail sales rebounded by 12% in May signalling a slight recovery from their record falls due to the coronavirus lockdown restrictions.
The UK's inflation rate has hit a four-year low as the coronavirus lockdown restrictions pushed the rate down to 0.5% in May.
Scotland's unemployment rate is now the highest in the UK, according to the latest Labour Market Statistics from the Office for National Statistics (ONS).
The UK's GDP fell by 20.4% in April marking the largest decline since monthly records began in 1997, according to the latest data from the Office for National Statistics (ONS).
The UK economy is beginning to show slow signs of recovery after lockdown measures have been eased in the UK, according to the Bank of England (BoE) governor Andrew Bailey.
The UK employment rate had reached a joint-record high of 76.6% before the coronavirus crisis hit the UK according to the latest Labour Market Statistics update published by the Office for National Statistics (ONS). The employment rate was 0.6 percentage points higher than a year earlier
The UK Government borrowed £62.1 billion in April, marking the highest monthly figure on record as it tried to navigate the country through the coronavirus crisis, according to the latest figures from the Office for National Statistics (ONS).
Retail sales in the UK throughout the month of April have dropped by 18.1%, according to the latest figures released by the Office for National Statistics (ONS).
According to the latest figures from the Office for National Statistics (ONS), 65% of Scottish businesses have reported a drop in turnover outside of the normal range between April 20 and May 3.
The UK's inflation rate dropped last month to its lowest level since August 2016 as the economic fallout of the first month of the lockdown hit prices.
Between January and March 2020, Scotland’s employment rate dropped to 74.7% and the unemployment rate estimate rose over the quarter to 4.1% according to the latest Labour Market Statistics Update by the Office for National Statistics (ONS). Jamie Hepburn, Scotland's business, fair work
The UK economy has contracted at its sharpest rate since the global financial crisis in the first quarter of the year thanks to the outbreak of the coronavirus.
The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record. The bank has revealed that the economy was on course to shrink 14% this year, based on the lockdown being relaxed in June.
UK retail sales in March hit record lows as sakes volumes dropped by 5.1% according to the latest Office for National Statistics (ONS) data.