Job losses could surge as furlough support reduces from today July 1, 2021 Job losses could surge as furlough support reduces from today
£700bn market: UK’s digital trade talks with Singapore underpin Britain’s role as a global tech exporter July 1, 2021 The UK and Singapore launched negotiations this week on a new ambitious digital trade agreement that could remove barriers and provide access to digital trade. Government statistics show this digital trading relationship was worth £3.2bn in 2019, out of Britain’s total tech exports of nearly £63bn globally. As the value of the entire digital global [...]
Should EM investors be worried about tapering? June 30, 2021 | City Talk In our latest Economic and Strategy Viewpoint we brought forward our expectations for Federal Reserve (Fed) policy tightening. We still think that the current bout of inflation in the US will prove to be largely transitory. However, the strength of the US economic recovery means that we now expect underlying price pressures to build next year such [...]
Haldane: Inflation will reach four per cent this year June 30, 2021 The Bank of England’s outgoing chief economist has warned that UK inflation could surge to four per cent this year. Andy Haldane said in a speech today that he expects “UK inflation to be nearer four per cent than three per cent. This increases the chances of a high inflation narrative becoming the dominant one, a [...]
Eurozone inflation falls in June June 30, 2021 Eurozone inflation fell in June driven by a reduction in oil price rises, show new figures published today. Inflation in the 19 countries sharing the euro inched down to 1.9 per cent in June from two per cent in May, according to Eurostat, the statistical office of the European Union. However, analysts have warned that [...]
Post-Brexit change: EU state aid rules to be replaced by new UK regime June 30, 2021 Post-Brexit change: EU state aid rules to be replaced by new UK regime
UK to EU exports rise to near pre-Brexit levels as trade deficit drops June 30, 2021 After a catastrophic start to the year, UK exports to the EU have risen to near 2019 levels, before the UK exited the European Union. In April 2021, EU exports were down around two per cent from the same time two years ago, according to ONS stats, marking a considerably better performance than in January, [...]
UK current account deficit narrows to £12.7bn June 30, 2021 The UK current account deficit narrowed to £12.7bn in the first quarter of 2021 as the reintroduction of restrictions to curb the spread of coronavirus hit the economy and dampened import demand. Figures from the ONS published today show the current account deficit – the difference between money flowing into the UK and money leaving [...]
Shop prices fall faster in June June 30, 2021 The price of goods in UK shops fell at a faster rate in June than in May as businesses sought to maintain momentum in consuming spending, according to data published today. The British Retail Consortium’s Shop Price Index showed shop prices dropped 0.7 per cent annually in June, a faster rate than May’s 0.6 per [...]
British savings jump during lockdown as UK GDP slips June 30, 2021 British households increased their savings sharply at the beginning of the year as the third coronavirus lockdown closed pubs, restaurants and shops. The UK’s savings ratio, which measures the income households saved as a proportion of disposable income, rose to 19.9 per cent from 16.1 per cent in the fourth quarter of 2020. This was [...]