Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.
Although recently released data has revealed a decline in UK economic activity, Bank of England (BoE) Governor Andrew Bailey, has expressed hopes that the vaccine roll-out programme will begin to spark a “pronounced recovery”.
In our economic review this month we look at what the UK achieved in the first and second lockdowns and predictions for the current lockdown. We discuss how different retailers have performed during 2020 and into 2021. Markets have had mixed results in January and we run through the global results. Finally we look at government borrowing levels and unemployment figures.
Our update this month includes the following headlines:
- Vaccinations provide economic hope
- Retailers suffer annus horribilis
- Borrowing remains at record levels
- Unemployment continues to rise
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It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.