Lockdown: ‘The road to recovery just got longer’

Roger Barker, director of policy at the Institute of Directors, said: “The Treasury must now bolster support for the worst affected sectors. In particular, it should seek to reinforce the discretionary grant scheme allocated through local authorities, which has helped to reach those who have fallen through the gaps.”

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UK economic outlook has deteriorated, Bank of England warns

While the Bank said the UK's banking sector was well-placed to cope with a severe downturn, it said banks must increase the amount of money they set aside to absorb shocks. Starting a year from now, banks will be required to set aside a sum equal to 2% of their assets...

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Sainsbury’s customers switching to own-brand products

Announcing Sainsbury's latest trading update, Mr Roberts said: "We really understand how hard it is for millions of households right now and that's why we are investing £500m and doing everything we can to keep our prices low, especially on the products customers buy...

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