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The UK economy could take until 2024 to return to the size it was before the coronavirus lockdown, according to analysis from the EY Item Club.more

The board of directors of Crossrail have said it will not open as planned in summer next year because of delays caused by coronavirus.more

The government's failure to plan for the economic impact of a pandemic is "astonishing", a committee of MPs says.more

So far, we are not able to swallow this bitter pill. The EU cannot disappoint people; common debts will not make sense without financing European programs - said representatives of the Renew Europe, EPP and S&D faction in the EP in today's debate. They appealed for particulars regarding the rule of law.more

EU leaders were making progress on Monday after three days of haggling over a plan to revive economies throttled by the COVID-19 pandemic, but Dutch Prime Minister Mark Rutte warned the discussions could still fall apart.more

The Prime Minister of France Jean Castex announced today that the order to wear masks will apply throughout France from next week. He also said that the country would face the deepest recession since statistics on state finances were being kept.more

The number of workers on UK company payrolls fell by 649,000 between March and June, official figures indicate. The number of people claiming work-related benefits last month - including the unemployed - was 2.6 million.more

Johnnie Walker, the whisky which traces its roots back 200 years, will soon be available in paper bottles. more

The 475-mile underwater and onshore cable is a ‘milestone’ in UK’s move towards net-zero emissions, says National Grid.more

Budget supermarket Lidl has unveiled plans to open a new store every week until Christmas, creating 1,000 jobs, and then keep going into next year and the year after until 100 new shops are openmore

The UK economy grew by 1.8% in May as businesses across the country started to unlock. But the figures from the Office of National Statistics will have done little to boost hopes of a V-shaped recovery as the economy remains much smaller than in February earlier this year before lockdown was implemented.more

83 millionaires issued an open letter on Monday calling for "immediate" and "permanent" taxes to accelerate their economic recovery following the coronavirus pandemic crisis.more

Pub giant Wetherspoon is to reduce prices on meals and drinks following the decision to cut VAT on food, coffee and soft drinks, and has produced posters praising the Chancellor.more

Nearly 10 million children around the world may never go back to school after quarantine, due to the economic consequences of the coronavirus pandemic, London-based international NGO Save the Children said.more

The Canadian parliamentary oversight office for the budget in Canada counted that guaranteed income for poor Canadians would cost less than the allowances paid to those who lose their jobs during the COVID-19 pandemic.more

A threat to the Polish economy are potential global turbulence after a possible deterioration of the epidemic situation, perturbations after the November presidential election in the US and possible hard Brexit at the end of the year - assessed PKO BP economist Piotr Bujak.more

Royal Mail has been fined £1.5m by the regulator for being late with first class deliveries and overcharging customers for second class stamps.more

The Government is set to spend more than £700 million on new infrastructure, staff and technology to create new border with the EU when the UK leaves at the end of the year.more

More and more companies from the SME sector are operating on the same or larger scale as before the pandemic. Enterprises are also rebuilding employment - we can read in the latest issue of "Gazeta Polska Everyday".more

Two of the UK's biggest High Street retailers, John Lewis and Boots, have announced 5,300 job cuts.more

The chancellor has said he is "sorry" for not helping "everyone in exactly the way they would have wanted". Rishi Sunak said the government was "throwing everything" at stemming job losses with a £30bn stimulus package.more

The British government will temporarily reduce VAT for the hotel and tourism sector, pay a one-time bonus (£ 1,000) to companies for keeping every vacation employee at work, and in August will subsidize food out of home.more

More than 200,000 people have now died from the novel coronavirus in Europe, according to an AFP tally based on official sources as of 9:10 am (EST) Tuesday.more

70,000 weddings were canceled in Italy due to the coronavirus pandemic from March to June this year, the losses of the floristry industry alone are 200 million euros - this is what the federation of the sector has presented today. She appealed to the government for help as soon as possible.more

Thirteen British universities face a "very real prospect" of insolvency as a result of the coronavirus epidemic, unless they receive government assistance, according to an analysis of the Institute of Fiscal Studies (IFS) presented yesterday.more