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Added on the 22/08/2019 18:49:12 - Copyright : Euronews EN
British retail sales fall less than expected for February after a bumper performance the month before, but as Grace Pascoe reports, a few big names on the high street are finding that times are tough.
https://one-web.prismamedia.com/#/UKGTS/article/edit/2b8fdd53-0a3e-4f33-99ed-b3cb89fe4d0e/search
London (UK), Jan 22 (EFE/EPA), (Camera: Facundo Arrizabalaga).- UK clothing stores closed 2020 with their worst year ever due to a 25.1% annual slump in sales due to the coronavirus crisis, according to data released Friday by the Office for National Statistics (ONS).FOOTAGE OF CLOTHING STORES IN OXFORD STREET, LONDON (UK).
After an alarming outbreak of a mutant coronavirus, multiple countries have canceled flights from the United Kingdom. According to Business Insider, the move was prompted by fears around the new variant of COVID-19. The mutant coronavirus is believed to be up to 70% more transmissible than the original strain. In order to stop its spread, UK Prime Minister Boris Johnson announced that London and surrounding areas would suddenly be plunged into lockdown. Dutch authorities confirmed at least one case of this COVID-19 variant had reached the Netherlands. Flights from the UK to The Netherlands are canceled until January 1st, as are those to Belgium. On Sunday afternoon, Italian foreign minister Luigi di Maio said that the government would be suspending all travel from the UK.
Cindy McCain is under consideration to serve as US Ambassador to the United Kingdom. This is according to a report from The Times of London. McCain is the wife of the late Republican Sen. John McCain of Arizona. She endorsed Biden's 2020 presidential campaign against President Donald Trump. Business Insider reports that McCain has long endured a wave of attacks against her late husband by President Donald Trump.
In March, the US Federal Reserve's lowering of interest rates fueled a housing boom. According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of subsiding. A seasonally adjusted index of prices rose 1.7% in September from the prior month, and prices jumped 7.8% from their year-ago period. Mortgage rates hit their thirteenth record-low of the year last week. The average 30-year fixed-rate mortgage rate fell to 2.72% from 2.84%. However, experts say the good times in the housing market aren't likely to last forever. We expect some moderation in the pace of housing starts in the face of the rapidly escalating health crisis, a faltering recovery, and softening labor market gains. Nancy Vanden Houten, Lead US economist, Oxford Economics
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