Rolling coverage of the latest economic and financial news
- Latest: Dow Jones industrial average hits fresh record
- Sterling jumps over $1.41
- Analysts: Scottish referendum fears recede (but haven’t gone away)
- NIESR: Risk of rising inequality and destitution amid recovery
- UK house prices at new peak
- Greggs sees sales surge after lockdown easing
Time for a recap
The pound has surged on the foreign exchange markets today, thanks to a cocktail of economic optimism and fading political risks.
“With independence risk so far in the future, we do not expect the developments to materially alter our outlook for the pound to continue to trade at stronger levels this year.”
Related: Pound up against dollar and euro amid hopes for strong UK recovery
Related: UK house prices increase at fastest rate in five years
The economy will grow at its fastest pace in 80 years this year but loss of low wage jobs will lead to rising regional inequality and destitution for years to come (and persistently high levels of child poverty.) Alarming projections from @NIESRorg https://t.co/HkfQSTQiRh pic.twitter.com/DC4UjdMZqD
Related: UK economy to suffer £700bn output loss due to Covid and Brexit, thinktank warns
Related: Malaysia’s 1MDB sues Deutsche Bank, JP Morgan and Coutts
Related: Greggs predicts profits to bounce back to pre-pandemic levels
Related: Provident Financial to close doorstep lending business after 141 years
Related: British Gas owner Centrica warns financial outlook is uncertain
Related: England’s travel green list sends Madeira flight bookings soaring
Companies operating in freeports being launched under Boris Johnson’s post-Brexit levelling up agenda will not get the full benefits of the new tax efficient zones if they export to some countries, the government has admitted.
Officials said post-Brexit trade deals with 23 nations – including Canada, Norway and Switzerland – included clauses that prohibit manufacturers in freeport-type zones from utilising the tax breaks they enable…..
Related: Post-Brexit trade deals mean firms will miss out on freeport benefits
