I know 2021 will be another tough year for many people and businesses, but I’m aiming here to provide some counterbalance to the more negative commentary you can easily find elsewhere... 1. The household sector (in aggregate) has built up substantial savings during the pandemic that could be used to fuel a strong recovery in … Continue reading 12 reasons to be more cheerful about the UK economy in 2021
The planned closure of the original job retention scheme (CJRS) at the end of October has focused attention again on the prospects for unemployment. A ‘top down’ approach (based on GDP) suggests that UK unemployment could rise to more than 3 million, or 10% of the workforce. But a less pessimistic ‘bottom up’ approach suggests … Continue reading How far will UK unemployment rise?