Newcastle's city centre

UK GDP grew just 1.8% in May as services remained weak

Growing just 1.8% on April, below consensus expectations for 5%, meant GDP in the three months to May remained a seismic 19.1% below the same three-month period last year. Services grew a meagre 0.9%, while industrial and construction output increased 6% and 8.2%, respectively. Services As lockdown restrictions were still largely in force throughout May,

The City

UK stocks down as OECD predicts its growth to be worst of G7

The FTSE 100 fell 0.1% to 6,329.13 as market participants held off on adding risk ahead of the Federal Reserve’s statement. The OECD also released its growth forecasts today predicting the UK would have the toughest road ahead as compared to its G7 peers. If the good news regarding declining Covid-19 infection rates in the