UK economic growth updates
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UK government officials have become more optimistic about the prospects of a strong economic recovery in the second half of the year as Chancellor Rishi Sunak fired the starting gun for new autumn economic forecasts.
Sunak hailed “fantastic” figures showing a 560,000 fall in the number of people receiving furlough money in June to 1.9m and asked for the new forecasts to be prepared for October 27. These are likely to be published alongside a long-term public spending settlement.
However, he wants to dampen any over-optimism that might increase pressure on him to loosen the public spending taps, including from his Downing Street neighbour Boris Johnson.
Official figures on Thursday showed that the number of confirmed Covid-19 hospital cases fell for the first time since late June with 5,056 patients being treated for the virus…