British retail sales have continued to increase for the fifth consecutive month, boosted by non-food items including DIY and garden supplies, according to official figures.more
The British government has today significantly expanded financial aid to companies suffering from the economic effects of the coronavirus outbreak, especially in areas with additional restrictions.more
UK government borrowing hit £36.1bn in September as the UK continued its heavy spending to support the economy during the coronavirus pandemic. At the same time, the Treasury scrapped a three-year spending review. The figure was £28.4bn more than last year and the third highest in any month since records began in 1993, the Office for National Statistics said.more
The increase in wages in September was the highest since March - indicated PKO BP in a comment to the data of the Central Statistical Office (GUS). According to the bank, the significant improvement in the labor market conditions could offset the negative impact of inflation on household income.
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61 percent Poles believe that they currently have the same or more money than before the pandemic - according to a study by the Chamber of Fund and Asset Managers (IZFIA) and the Department of Consumer Behavior Research at the Warsaw School of Economics.more
The announcement of the yellow zone across the country has frozen tourism. In the first week after the announcement of the restrictions, the number of bookings fell by more than 40% compared to the end of September - according to the report of the Noclegi.pl platform. The mood in the industry is getting worse.more
International financial institutions, which for decades have been pushing countries to pursue sustainable fiscal policies and extorting savings on them, are encouraging them to borrow money in the face of the coronavirus pandemic, reports the Financial Times in its latest issue.more
A budget "unprecedented in size and scale" to meet the challenges of both Covid-19 and a Brexit trade deal has been unveiled by Irish Finance Minister Paschal Donohoe.more
The Bank of England has moved a step closer to adopting negative interest after writing to banks asking them how ready they would be for the ground-breaking move.more
Last month, the labor market returned to its pre-crisis normality. In the face of the second wave of the pandemic, however, uncertainty may return - the Polish daily "Puls Biznesu" reports.more
In Ireland, 617 new coronavirus infections have been detected in the last 24 hours, the highest number since the end of April, and five more deaths from Covid-19 have been recorded, the health ministry said yesterday afternoon.more
The British tax office intends to inspect self-employed people who have benefited from the Self-Employment Income Support Scheme. HMRC admitted that as much as £ 258 million could have been paid to fraudsters or in error.more
British GDP increased by 2.1% in August. compared to the previous month, the Office for National Statistics announced yesterday. This is the fourth consecutive month with economic growth, but in August it was much below analysts' expectations.more
Employees of companies that will have to suspend operations in the event of the introduction of new restrictions due to the coronavirus will receive two-thirds of their previous earnings from the state budget, announced the British Finance Minister Rishi Sunak.more
The Polish economy may shrink in 2020 for the first time in almost 30 years, recording a recession of 3.9%, and in 2021 it will begin to gradually recover from losses, according to a World Bank report.more
The age at which most people start to receive the state pension has now officially hit 66 after steady rises in the qualifying age in recent years.more
British Finance Minister Rishi Sunak has warned that there will be no easy and cost-free response to the crisis caused by the coronavirus epidemic. He announced that he would restore control over public finances.more
Cineworld, the world's second-largest cinema chain, will temporarily shut down all its cinemas in the US and UK due to the pandemic crisis and the delay in the release of a new Bond movie, the company said. He will lose his job up to 45 thousand. people.more
Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn.
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Official data from the Erns & Young group (EY) showed that the United Kingdom has lost 7.5 thousand high-paying jobs in the financial sector since the announcement of Brexit. 400 vacancies have been permanently transferred from the UK to Europe in the past weeks alone.more
The M-15 agricultural jet, which was produced in Mielec in the 1970s, was indicated by the American magazine "Popular Mechanics" as the ugliest plane in the world. Interestingly, the common name for this machine is Belphegor - just like the name of the famous Louvre phantom.more
