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.
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New data from the World Trade Organisation has slashed forecasted growth for the next year. Our Continuum team look at how this could impact your finances, and how we can help you during uncertain economic times.
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While Brexit disruption may mean some of our politicians could find themselves out of a job in the near future, at Continuum, we take a more positive view. We tend to think that, the economy – and prospects for investments – may be a great deal brighter than they first appear.
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The G7 summit was hosted earlier this week which brought together seven of the world’s leading economies, to discuss matters of worldwide economic importance. We have summarised the outcomes from this meeting and look at how this could impact your finances.
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With today being American Independence Day, we review the latest data from across the pond and how this could impact the UK economy. Could this be having a positive impact on your finances?
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