GDP posts record fall of 20.4% in April as UK economy suffers total lockdown loss of 25%UK industrial output, services and construction post record declinesUK trade collapses after fall in travel and tourism Eurozone industrial production in record decline 2.43pm BST US stocks opened sharply higher, a day after they suffered heavy losses – the biggest in three months, on fears of a second coronavirus wave. 2.19pm BST In Brexit news, the UK has told the EU that it will NOT apply for an extension to the transition period, which ends on 31 December.The European Commission’s vice president Maros Sefcovic said there is still a lot of work to do before a trade deal can be struck and the window of opportunity is closing for London before the transition period ends, Reuters reported.EU says Michael Gove categorically ruled out once again an extension of post #Brexit transition period Continue reading…
Via: UK economy shrank sharply in April; oil prices slide on fears of second Covid-19 wave – business live

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