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HSBC offers sub-1% mortgage as interest rate war intensifies theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
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Exclusive: Small business owners on what is happening in the real economy (Getty Images) The City was hit with some sobering figures earlier this month, as official data showed UK GDP shrank by a staggering 9.9 per cent in 2020, the largest drop on record. The figures were less bad than expected, which led PwC to conclude that British businesses are becoming more adaptable to lockdowns from an economic perspective. Is this the case? City A.M. spoke to a number of small business owners to provide an insight into what’s happening in the real economy. “The pandemic has been financially catastrophic for the travel industry,” sighed Jess Brooks, founder of travel and tourism agency Eternal Landscapes. ....