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UK deepens deepest decline to record with worst-case G7 GDP | Business

The UK economy will be officially declared in recession this week for the first time since the financial crisis of 2008, when the coronavirus outbreak plunged the country into the deepest decline on record. Figures from the Office for National Statistics on Wednesday are expected to show gross domestic product (GDP), the broadest measure of economic prosperity, fell by 21% …

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Millions of Britons can claim lucrative PPI payments in the “second wave” of compensation

Millions of Britons could claim lucrative PPI payments in the “second wave” of compensation after courts found products were “unfair” The court’s rulings say the PPI was “unfair” because the banks did not disclose commissions Commissions for certain products amounted to 95 percent of the cost of the policy The deadline for making a PPI requirement was set by the …

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The UK is poised to hit the biggest Covid blow of any major economy

The progress plan is completed before the end of October. The bank’s consumer confidence indicator has also retreated to its lowest level since mid-June, driven by fears of unemployment. Robert Wood, an economist at Bank of America, said “caution abounds on medium-term spending plans” and consumers who saved during the lockdown are now more hesitant to buy. Fabrice Montagne, head …

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Historic “wine windows” used in Tuscany during the plague return to use under coronavirus

Historic “wine windows” used by wine growers in Tuscany to reach people for their favorite pennant during the plague 400 years ago return to use under coronavirus Restaurants and cafés in Tuscany reopen their 17th-century wine windows They were originally used during the plague so that merchants could sell their wine Small business owners now sell coffee, ice cream and …

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Mom discovers “racist” T-shirt that has a black mermaid with “too fluffy” hair in Tesco

Tesco apologizes when mom expresses her disgust at “racist” T-shirt that has a black mermaid with “too fluffy” hair Katie Wells, from Dover, Kent, found a T-shirt in the Whitfield supermarket Expressed disgust after the garment described black mermaid hair as “too fluffy” Tesco apologized and said they will not buy more orders of the product By Chloe Morgan For …

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