‘Global cooperation is key to addressing our shared challenges as we emerge from the pandemic’ Chancellor Rishi Sunak stressed the importance of nations working together to tackle supply chain issues at a meeting of G7 (Group of Seven) nations in Washington last week. The meeting of finance ministers and central bank governors discussed the importance […]
Category archives: News in Review
News in Review
“The global recovery continues, but momentum has weakened” In its latest assessment of world economic prospects published on Tuesday, the International Monetary Fund (IMF) lowered its 2021 global growth forecast slightly to 5.9%. The international soothsayer also stated that risks to economic prospects have increased, while policy trade-offs have become more complex in the ongoing […]
News in Review
“Household saving fell particularly strongly in the latest quarter from the record highs seen during the pandemic” The easing of COVID restrictions has resulted in an economic rebound that has exceeded initial estimates, according to data from the Office for National Statistics (ONS). During Q2, the economy grew by 5.5%, up from the 4.8% forecast […]
News in Review
‘Against a backdrop of robust goods demand and continuing supply constraints, global inflationary pressures have remained strong’ In a unanimous decision, the Bank of England (BoE) Monetary Policy Committee (MPC) voted to maintain Bank Rate at its record low of 0.1% last week. The vote came as the supply chain crisis, largely driven by an […]
News in Review
“This is fundamentally a growth market, and we see it continuing to be that way” The travel industry has featured prominently in the news over the past seven days, with an easing of travel restrictions announced on both sides of the Atlantic. Last Friday, simplification of the traffic light system and testing requirements in England, […]
News in Review
“This rise will impact the wider economic recovery” Over the past seven days, government plans to raise National Insurance contributions to fund the health and social care system have continued to feature prominently in the news headlines. Last Wednesday, despite warnings of a mass Tory rebellion, MPs voted by 319 votes to 248 to approve […]
News in Review
“Following the most successful vaccine programme in the world, we’re beginning the biggest catch-up programme in the history of the NHS” On Tuesday, Boris Johnson took to the Downing Street podium, following an earlier appearance in the House of Commons, to set out the government’s intentions to “help our NHS recover from the pandemic and […]
News in Review
“Strong policy support has fuelled a vigorous but uneven recovery” With the summer holiday season drawing to a close, travel stocks were impacted last week, following the latest announcement from the Transport Secretary. Although several additions were made to the green list, some countries moved to the red list and popular holiday spots such as […]
News in Review
“Strong policy support has fuelled a vigorous but uneven recovery” With the summer holiday season drawing to a close, travel stocks were impacted last week, following the latest announcement from the Transport Secretary. Although several additions were made to the green list, some countries moved to the red list and popular holiday spots such as […]
News in Review
‘It could be appropriate to start reducing the pace of asset purchases this year’ During a week in which the news agenda was dominated by Afghanistan, the US Federal Reserve warned it could start cutting back support for the economy sooner than markets had previously expected. Minutes from the Fed’s July meeting, released last Wednesday, […]