Rapid service sector growth and descend in furlough take-up in May as lockdown easing continuesCoronavirus – latest updatesSee all our coronavirus coverageThe fastest monthly growth of the services sector since 1997 and a descend in the number of workers on furlough signalled that the UK’s recovery from the coronavirus crisis remained on track in May,as lockdown restrictions were relaxed across all four nations of the UK.
A steep descend in unemployment claims in the US and new data showing an acceleration in the recovery across Europe also indicated that the Covid-19 vaccination programmes across the developed world were helping drive a rebound in economic activity. Related: Why governments should sustain spending, and cease worrying about inflation | Leah Downey Related: Wages rise as UK service sector growth hits 24-year tall – business live Continue reading...
Source: theguardian.com