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Second Covid wave hitting UK economic recovery, data shows

IHS Markit index shows growth is at its weakest since the recovery from lockdown began * Coronavirus – latest updates * See all our coronavirus coverage The economic recovery from the first wave of the Covid-19 pandemic began to flatten out this month in the UK and threatened to reverse and trigger a double-dip recession in the eurozone after new restrictions to tackle the second wave squeezed business activity. As the UK government moved to bolster its business support schemes, a closely watched survey of business activity showed private sector growth in the UK falling back as hospitality and transport companies strug gled to cope with regional lockdown measures. Continue reading...
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