UK economy past the worst but challenges remain

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EY’s commitment to anti-racism in the UK

A message from Hywel Ball, UK&I Regional Managing Partner and UK Chair and Omar Ali, Managing Partner, UK Financial Services

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In challenging times, we’re #BetterTogether to build a better working world.

Through actions both big and small, our people are helping each other, clients and society tackle COVID-19 challenges and build an even better working world.

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Featured press releases

Flash purchasing managers survey indicates UK economic activity stepping up in July as lockdown restrictions eased – EY ITEM Club comments

The flash July purchasing managers surveys point to the economy changing up a gear at the start of the third quarter due to a further easing of lockdown restrictions.

24 Jul 2020 London GB

UK retail sales saw second month of significant improvement in June – EY ITEM Club comments

Retail sales volumes saw further improvement in June after coming well off their April lows in May, as they benefitted from non-essential retailers being allowed to open in England from the middle of the month.

24 Jul 2020 London GB

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Manufacturing sector sees some pick-up, but limited investment and employment remain concerns for longer-term outlook – EY ITEM Club comments

The July CBI industrial trends survey shows overall improvement, indicating that the manufacturing sector is benefitting from the progressive easing of lockdown restrictions. There was particular pick-up in output expectations among manufacturers, moving the sector into positive territory. However, the orders balance was still relatively weak despite rising to a four-month high.

23 Jul 2020

Number of UK consumers comfortable returning to the shops doubles from May to June, finds EY report

The third EY Future Consumer Index shows nearly half (48%) of UK consumers are now comfortable with shopping in grocery stores, almost double previous month

22 Jul 2020 00:01

UK public finances record another large deficit in June – EY ITEM Club comments

The deterioration in the June public finances announced today was less than expected. However, the monthly shortfall was still the third largest on record and the budget deficit (PSNBex) is still headed for a record total over 2020/21.

21 Jul 2020

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