Assessing business births and deaths provides another angle to test perceptions of the UK economy, placing greater emphasis on the plight of smaller businesses that account for 60% of private sector employment in the UK.
On the state of UK Business Closures
13.5% of all UK businesses have temporarily closed or paused trading, during the lockdown, with 86.4% of workers in these businesses on furlough.
Since April we have seen politicians around the world trying to roll back on the panic created by the Corona Virus. The machinery of government and its institutions, particularly areas involved in health, led by the World Health Organisation, embraced the idea of pandemic and effectively shut down the world’s economy.
COVID 19 and Inflation
The combined hit to both demand and supply sides means that the COVID 19 recession will be a departure from the those seen in the 1930s and 2008: inflation is indeed likely. The risk is that the recovery may cause
Economic Sentiment Index
The European Commission has tempered expectations and pointed out that the index itself remains at an overall high level and other indicators, such as industrial capacity utilisation, remain well above their average level over….
Chart of the Week: Week 28, 2018: Imports of Machinery and Electronics from China to US vs US Employment in the Manufacturing Sector
Imports from China into the USA have increased more than sixfold in the last twenty years, with the US trade deficit with China currently at $336 billion. ‘Made in China 2025’, the Chinese government drive to dominate the global market in 10 sectors…