Coming out of the Coronavirus crisis is proving to be a difficult process, and setbacks and local lockdowns are likely to get in the way of economic recovery. But one area that is proving surprisingly resilient is the property market. At Continuum, we are looking at why – and what it may mean for your home purchase plans.
A recession has hit the UK for the first time in 11 years due to the coronavirus pandemic – but what is a recession? And what does a recession mean for the UK? At Continuum we are looking at the answers – and at whether you need to look at your own financial arrangements.
The announcement on Wednesday that the UK economy is now officially in recession has come as no surprise, with the news in the first half of 2020 dominated naturally enough by Covid. The financial news has been mainly centred around its effects, from the dramatic collapse – and equally dramatic recovery – of the market – to Chancellor Sunak’s exciting minibudget designed to get the economy rolling again.