Borrowing stood at £17.9 billion in June 2021.
Mortgage borrowing hits highest-ever monthly level
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Current Affairs
Most firms ‘confident they can pay off debts’
One in five remain unsure about their debt repayments.
DWP hit with £87.9m IR35 tax bill
HMRC demanded bills over historic contractor assessment errors.
Retail sales figures improved in June 2021
The proportion of retail sales fell in the same period.
Hospitality sees promising recovery in spring
Business confidence in the sector remains low, however.
Lords report warns of BoE’s ‘addiction’ to QE
The programme financed the majority of COVID-19 support.
Inflation rate sees fourth month of consecutive growth
Rising prices coincides with unlocking of UK economy.
Bank of England warns of insolvency crisis among SMEs
Insolvency timings will coincide with end to Government support.
UK GDP grows by 0.8% in May 2021
Growth was primarily driven by the service sector.
COVID-19 loans hit total value of £80 billion
BBLS applications accounted for the majority of claims.
Post-pandemic job exodus could cost businesses up to £17 billion
The cost equates to £10,076 per business.
Employers start contributing to furlough payments
The furlough scheme begins winding down.
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