Fitch cuts UK credit rating to AA-

Fitch said the coronavirus shutdown was likely to shrink Britain’s economy by nearly 4% in 2020, assuming the drastic containment measures could be relaxed in the second half of the year, leading to a 3% bounce in growth in 2021. But doubts about Britain’s future trading ties with the European Union posed a further risk, […]

UK Credit Rating Cut Due to Coronavirus Pandemic, Uncertainty Over Post-Brexit Trade Deal With EU

Sunak later announced a package of measures that will include £330 billion in guarantees to businesses, including a state lending facility to support liquidity among larger firms. The measures are the equivalent of 15 percent of the UK’s GDP, and will be made available to “any business that needs access to cash”, according to Sunak.

UK’s Brexit transition plans released

“I think there’s an important point that EU citizens who come here after we’ve left the EU will have done so knowing that we’re leaving the European Union and will have different expectations to those who have been here for some time and are entitled to settled status,” she said.

How the UK plans to source 30,000 ventilators for the NHS

Dyson has revealed the most detail about its progress, including pictures of its CoVent prototype. It hopes to begin producing within weeks, pending approval from the Medical and Healthcare products Regulatory Agency (MHRA), which has been talking to Dyson during the design phase.

UK’s coronavirus death toll leaps by 260 in a single day to hit 1,019: Britain suffers its worst day yet with huge spike in victims as more than 17,000 have now been infected

The former Work and Pensions Secretary and Justice Secretary said: ‘This is badly misjudged. People should maintain social distancing, which is what these people are doing. We need to maintain public support for fundamental behaviour change which requires the authorities to focus on genuinely bad behaviour.’

Fitch cuts UK’s rating on coronavirus debt surge

LONDON/BENGALURU: Ratings agency Fitch cut Britain’s sovereign debt rating on Friday, saying the country’s debt levels would jump as the government ramped up its spending to offset the near shutdown of the economy in the face of coronavirus. Fitch downgraded the country by one notch to ‘AA-‘ – the same level as its rating for […]

Boris Johnson overhauls cabinet on first day as PM

Boris Johnson’s battles Bouquets and brickbats: May’s final PMQs A solemn start in No 10 Mr Johnson also pledged to improve infrastructure, recruit 20,000 new police officers and “level up” school spending. He promised reforms to ensure the £20bn in extra funding earmarked for the NHS “really gets to the front line”.

Europe’s clocks go forward this weekend: Here’s what you need to know

In recent years, public opinion has been turning against moving the clocks back and forth, and in 2018 European Commission President Jean-Claude Juncker said a majority of European Union citizens wanted to end the twice-yearly changes.

Italy PM calls for European recovery bonds – report

MILAN (Reuters) – Italian Prime Minister Giuseppe Conte has urged the European Union to launch a “recovery bond” to help fund the response to the coronavirus outbreak, saying failure to tackle the emergency would be a “tragic mistake” for the bloc.

Fruit and veg ‘will run out’ unless Britain charters planes to fly in farm workers from eastern Europe

“Because of the tightening of labour, we had already lost a percentage of farms,” Maurel said. “This will finish others off. You won’t have fruit and veg in shops. Asparagus and beans start in a couple of weeks, cucumbers early April, tomatoes are all year round; in May it’s soft fruits – strawberries, raspberries; lettuces […]