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COVID is accelerating a lot of trends with polarising effects and the virus has fundamentally changed industries for the long-term. New strategies are needed in the post-COVID era. The so-called “unremarkable retail in the middle” is struggling the most. But it’s not just this sector.
New COVID restrictions undoubtedly come with a cost. The economy faces a hit of £250 million a day if these new partial lockdown measures reverse the increases in things like people going to pubs and restaurants and returning to work. GDP could fall by between 3 per cent and 5 per cent in the last three months of the year compared with the third quarter. London alone could face annual costs of more than £2bn and companies in the City have already reversed recent return-to-work moves for staff
UK housing market defied the pandemic. Figures showed house prices rising at their fastest pace in 16 years, somewhat at odds with the wider economic turmoil in the UK. What is behind this apparent contradiction?
There are four main factors driving the speedy recovery…
In this interview, Atuksha Poonwasi from Simple Crowdfunding talks to the founder of SlowMoney, Kwasi Affum about the current financial and economic situation. They offer insights into what’s happening in the UK property market, including the patterns of the last recession and potentially the current one.
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