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The latest updates and articles from Arbuthnot Latham
The virus infection rate continues to grow alarmingly across the UK and Europe, with new lockdown measures further damaging the economy.
The virus infection rate continues to grow globally, leading to further lockdown measures, which in turn will slow the economic recovery and lead to even greater levels of government debt.
UK data this week showed that growth dropped 20% in the second quarter, the biggest decline on record.
The UK government announced a further economic support package yesterday, having introduced additional lockdown measures earlier this week, in its latest response to the virus pandemic.
The Bank of England kept monetary policy on hold yesterday as expected, however the committee was rather downbeat on the economic outlook, and there is a growing likelihood of further QE in November
Brexit is once again dominating the headlines, with talks intensifying this week, as we move ever closer towards the initial October deadline.
Bank of England officials this week were rather downbeat on the economic outlook, indicating further QE is likely.
US equities this week have hit record highs, on hopes of an improvement in its trade relations with China.
UK retail sales figures this morning were much stronger than expected, although government debt has topped £2 trillion for the first time.
UK data this week showed the economy shrank by a record 20.4% in the second quarter, which was slightly better than expected.
The Bank of England met this week, keeping policy on hold as widely expected. The committee was unanimous in voting to maintain interest rates at the record low of 0.10%.
Markets were more stable this week, although uncertainty and volatility remain extreme. Weak US data has only added to the uneasy sentiment, along with the various forecasts of just how big the global recession is likely to be.
Ruth Lea CBE
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