• The economies of the devolved nations and London contract the quickest and UK debt exceeds 2 trillion for the first time August, 2020

    A nowcast for the UK ‘regions’ for the 12 months ended June 2020 on a rolling 4 quarter basis has been published by the Economic Statistic Centre of Excellence (‘ESCoE’). Over the period the East Midlands was ‘best’ with a fall of 4.5%, with London’s contraction the ‘worst’ at 7.4%; the UK’s decline according to the Office for National Statistics (‘ONS’) figures was 5.3%. Wales contracted by 6.8%, Northern Ireland fell by 6.7% and Scotland declined by 6.1% ESCoE is a partnership of research institutions and the ONS and has highlighted that during these unprecedented times, there is no historical data that...