UK economy recovering from Covid shock, for now, as public borrowing mounts

Topics UK economy | Coronavirus


By David Milliken, Andy Bruce and William Schomberg LONDON (Reuters) - Britain's economic recovery from the shock of the COVID-19 pandemic has gathered pace, data showed on Friday, but government borrowing rose past the 2 trillion pound ($2.64 trillion) mark and fears of future job losses are mounting.

Retail sales rose above pre-pandemic levels in July and August's Purchasing Managers' Index data showed the fastest growth in almost seven years, beating economists' expectations in both cases. But Britain's.

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