Despite the unprecedented and, as yet, incalculable, cost of government measures, the OBR have stated that ‘we can be confident that the cost of inaction would ultimately have been much higher.’.
There is a risk that following the shock of the pandemic and poor economic recovery, deep seated pessimism may set in for the young, who already feel that their lives will be less prosperous than their parents’.
The combined hit to both demand and supply sides means that the COVID 19 recession will be a departure from the those seen in the 1930s and 2008: inflation is indeed likely. The risk is that the recovery may cause
The chart shows that the UK, when compared to other EU countries with strong economies, has one of the lowest levels of spending on vocational education as a percentage of GDP (under 1.5%).
We’ve updated our annual chart on central government finances per person in time for this afternoon’s UK Budget speech.
Every year, retail sales spike in December in the UK as people spend money on presents and preparations for Christmas celebrations.