Bloomberg UK inflation slowed in March as the nation entered lockdown and oil prices continued to tumble. Consumer prices rose 1.5% from a year earlier, down from 1.7% in February, the Office for National Statistics said on Wednesday. Downward pressure came from fuel and clothing prices. Core inflation eased to 1.6%. The inflation outlook has been thrown into turmoil by ...

Bloomberg Scotland’s economy could shrink by 12% this year as a result of restrictions put in place to combat the spread of the coronavirus outbreak, while the government said the financial hit was no reason to ease the lockdown prematurely and risk greater harm. The overall picture for the year is based on output declining by a third during the ...

Bloomberg New York State has applied for a $4 billion federal loan to shore up its unemployment trust fund amid a record surge of claims by workers sidelined by the Covid-19 pandemic, a spokeswoman said. “All benefits, including enhanced benefits, are being paid, and to help ensure it remains that way the state has applied for an up to $4 ...