Investors have flocked to those sectors which they believe will benefit from lasting post-pandemic trends, and avoided those that have proven less resilient – with Information Technology up 29% at one extreme, and Energy down 41% at the other.
According to the Bank of England, the availability of mortgages declined dramatically in the three months ending May 2020 – implying a bigger credit squeeze than in the worst three-month period of the global financial crisis.
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.
There is a risk that following the shock of the pandemic and poor economic recovery, deep seated pessimism may set in for the young, who already feel that their lives will be less prosperous than their parents’.
Overseas investors saw the largest increase in UK commercial property ownership in the decade to 2016…
Recent advances in artificial intelligence have been incorporating cognitive skills that show potential to supersede human ability. Although the potential is vast, there will be attendant job insecurity in many industries, with many of those laid off lacking the necessary skills to benefit from the jobs AI creates….