‘Eat to help’ fuels UK economic recovery in August | Business

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Britain’s economic recovery from Covid-19 accelerated last month, fueled by consumer spending and people taking advantage of the government’s ‘eat out to help’ program, despite growing fears of a rapid growth in unemployment.On the Guardian’s latest monthly economic news follow-up since the pandemic spread across Britain this spring, the release of pent-up demand with the easing of the lockdown is driving the sharpest rebound in economic growth among the advanced economies in the G7, while retail spending returned to pre-crisis levels.

However, after the country plunged into the deepest recession on record in the three months ending in June, companies began shedding jobs at a faster rate than during the global financial crisis of 2008, with hundreds of thousands of layoffs announced in recent weeks alone. .

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