Economy: news on page 5

Coronavirus: Bank of England makes emergency interest rate cut

Coronavirus: Bank of England makes emergency interest rate cut

Fears for UK economy grow as January GDP growth flatlined before Covid-19 hit EuropeCoronavirus – latest updatesLarry Eliott: rate cut just before budget is perfectly timedThe Bank of England has cut

Economic cost of Brexit laid bare in OBR forecasts

Official budget watchdog models for 5.2% loss of potential GDP over 15 years
Budget live: Rishi Sunak spends on coronavirus, roads and rail in 'biggest giveaway since 1992'

Budget live: Rishi Sunak spends on coronavirus, roads and rail in 'biggest giveaway since 1992'

Chancellor triples investment in transport and infrastructure spending, freezes fuel and alcohol duties, and removes VAT on digital publicationsKey points from budget 2020 – at a glanceChancellor

Coronavirus is not a crisis of globalisation

The distinction matters as leaders will otherwise draw the wrong lessons

Saudi pumps up volume in escalating oil price war

State producer takes on rivals by flooding market with barrels taken from storage

Government’s hardline Brexit stance riles business

Official announcements suggest trading will become more difficult without comprehensive deal

Walmart Hiring 500 Truck Drivers

Walmart said it plans to expand its trucking fleet, and will hire more than 500 truck drivers this year, mainly across the West and East Coast regions. The retail giant already employs more than 9,000
UK minister tests positive as deaths outside China pass 1,000– as it happened

UK minister tests positive as deaths outside China pass 1,000– as it happened

This blog is closedFollow the latest coronavirus blog for live news and updates 12.20am GMT We are turning off this blog now. Thanks for reading. All of the latest updates will be covered on our new

Going on Recession Watch

I'm not forecasting a recession, just moving to Recession Watch for the first time since 2006. Note: In early 2007, I moved from Recession Watch to forecasting a recession that started in December

Europe policymakers search for answers to virus crisis

Companies call for more action as Germany promises to do ‘everything needed’

Coronavirus brings a reminder of the iron law of politics

Lofty ideas about open economies will have to be sold on directly improving voters’ lives

How this market crash is different from 2008, and the same

The global economy’s banking nerve centre is not under threat

Act now to prevent coronavirus shock from spreading

Governments must step in with co-ordinated fiscal and monetary stimulus
Oil price plunges almost 30% as Saudis vow to step up production

Oil price plunges almost 30% as Saudis vow to step up production

Move follows Russian refusal to join Opec-led production cut aimed at keeping prices highThe price of crude oil has plunged by almost 27% after Saudi Arabia, the world’s top oil exporter, said it
The myths of both left and right stop us seeing the true story of inequality | Torsten Bell

The myths of both left and right stop us seeing the true story of inequality | Torsten Bell

New data reveals that the recent history of wealth is more complex than we thinkWe live in a country shaped by our past but we are not very good at understanding it – not least when it comes to the

Italian lockdown puts 16m people in quarantine

Rapid spread of virus is straining healthcare system and putting nation at risk of recession

Lebanon to default on $1.2bn debt

Beirut to seek new payment terms as it struggles to cope with its worst financial and economic crisis

China exports plummet by 17% as coronavirus takes its toll

Outbreak has disrupted supply chains and hit business activity across the country