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Consumer prices rose 0.9% in February compared to a year earlier

The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its recovery hopes on another giant stimulus package. Europe won't have either, and it could be left behind.

UK economy shrinks record 9.9 per cent in 2020 on COVID-19 'shock' Finance minister Rishi Sunak said the economy had suffered a "serious shock" from the Covid-19 global health crisis, despite the data showing second-half growth. Share Via Email   |  A+A A- By AFP LONDON: Britain's economy shrank by a record 9.9 percent last year on the fallout from the coronavirus, official data showed Friday, but a rapid vaccines rollout has boosted the outlook. Finance minister Rishi Sunak said the economy had suffered a "serious shock" from the Covid-19 global health crisis, despite the data showi...

The UK economy has suffered its biggest slump in more than three centuries last year with GDP falling by nearly 10 per cent over the course of 2020

By Mark Thompson, Rob North and Hanna Ziady, CNN Business The UK economy suffered its biggest slump in more than three centuries last year, with GDP falling by nearly 10% over the course of 2020.