Coronavirus: United Kingdom, facing worst recession on record, sees GDP drop 20.4% in Q2

The UK has seen its economy, hit by the coronavirus crisis, suffer a "record" contraction of 20.4% in the second quarter, and is officially facing its worst recession on record, agency figures show National Statistics (ONS), published Wednesday 12 August. 
Economists consider that a country enters a technical recession when it accumulates two consecutive quarters of contraction in its economy. According to the ONS, most of the contraction, which began to be felt in March, occurred in April, an entire month of containment and almost total cessation of activity in the country, which saw production collapsed by 20%.

With a very early recovery in construction sites and manufacturing activity, gross domestic product (GDP) rebounded in May by 2.4% (revised figure), followed by an acceleration in June (+8.7 %) thanks in particular to the reopening of all shops. This is the biggest contraction in the UK economy since the ONS began these quarterly statistics in 1955, he said…

MEPs approve reform of road transport within the EU

The European Parliament approved a reform of road transport in the EU on Wednesday 8 July. In debate for three years, it has been the subject of tough negotiations between member countries. The adoption of this text marks a victory for the countries of the West, but provokes the anger of those of the East.

MEPs approve reform of road transport within the EU

For several years, truck drivers in western European Union countries have been denouncing "social dumping" within their profession. They criticize in particular the carriers of the Eastern countries for not respecting the legal times of rest and for paying their drivers at a discount, in order to be more competitive.

Now, with this reform, truck drivers return home every three to four weeks. When the trucker is abroad, his weekly rest period is compulsory in a place of accommodation and no longer in his cabin and hospitality costs are borne by the employer. The trucks will have to return at most every eight weeks to the company of their country of origin.

In order to limit cabotage, namely loading and unloading goods on a foreign territory, four days of waiting between each operation are imposed, and each border crossing will be recorded in order to trace the movements of the vehicle.

The adoption of this reform arouses the anger of the countries of the East which consider it as protectionism in disguise. The Romanian transporters' federation claims that this reform will put 200,000 drivers out of work, and announces an appeal to European justice. As for the Bulgarian authorities, they consider the reform "unacceptable", "unbalanced" and "discriminatory in nature".