Volume of retail sales in April 2020 fell by a record 18.1pc Government borrowing hit £62.1bn in April , biggest budget deficit on record Stocks fall as China pledges to launch crackdown on Hong Kong Mortgage payment holidays extended to October EasyJet shareholders back bosses over Stelios Ryan Bourne: Why a Covid-19 windfall tax is a terrible idea 5:50PM Blog wrap W ell, that’s all from us today, we’ll be back on Tuesday. Until then stay safe and enjoy the bank holiday weekend. Here’s a short recap of today… European and US markets turned red today after heavy losses for Hong Kong over China’s push for a national security law. The FTSE 100 underperformed against its Continental counterparts as US-China tensions rose, closing 0.37pc lower. Wall Street was off 0.5pc mid session as Germany’s DAX and the French CAC ended virtually unchanged. China unveiled proposals to strengthen “enforcement mechanisms” in Hong Kong, after the city was last year rocked by seven months of massive – and sometimes violent – pro-democracy protests. The pound just held up after data showed a record drop in UK retail sales and unprecedented surge in government borrowing to £62bn during April. Have a good evening all. 5:35PM… Read full this story
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