BTG
Omicron threatens the nascent UK labour market recovery
The emergence of Omicron, the latest Covid-19 variant, threatens the positive autumn momentum building in the UK labour market. Early indicators suggest only a tiny proportion of the 1.14 million furloughed workers were made redundant after the Coronavirus Job Retention Scheme (CJRS) expired. November’s data, published in mid-December, is also expected to show that positive employment trends continued. If true, this confounds fears of rising unemployment at the end of the CJRS. However, the latest pandemic curveball may blunt the positive momentum.
Covid-19 commercial rent arrears and new arbitration scheme
Earlier this month, the UK government published a revised Code of Practice for commercial property relationships alongside a draft Commercial Rent (Coronavirus) Bill which will create a legal arbitration regime in respect of Covid-related rent arrears.
Inflation risks and labour market frictions weigh heavy on UK’s economic recovery
Escalating inflation in the UK economy reached a decade-long high in October, as higher energy prices, supply chain disruptions, labour shortages, wage and food price inflation all blunted the economic recovery.
Airline industry’s embryonic recovery faces hard landing obstacles everywhere
Pent-up demand in the airline industry might suggest the embattled sector is on the cusp of a recovery. But for every positive indicator, there is a headwind to dampen the optimism. The airline sector's recovery remains fragile, and the embattled global airline industry may still face a harsh winter if a new virus wave emerges.
Federal Reserve’s monetary policy: policy error or data-driven prudence?
US Federal Reserve monetary policy continues to play an outsized role in directing the near-term trajectory for the global economy. US monetary policy impacts the domestic economy, the global economy and the financial markets.
Retail sector headwinds continue to build under the surface: Knock-on impact on commercial property
Downside risks for the UK retail sector continue to mount as we head into the autumn. A surging Delta variant threatens the momentum of recovery in the economy and consumer spending, while government
Tapering furlough scheme prompts decision time for pandemic-hit corporates
The coronavirus job retention scheme (CJRS) starts to taper this week, which will prompt employers that receive funding to quantify their long-term workforce size as the UK slowly emerges from its third extended national lockdown.
Moratorium on commercial evictions extended to March 2022
Temporary legislation introduced under the Coronavirus Act 2020 placing a ban on commercial evictions has been extended until 25 March 2022. As the threat posed by the coronavirus pandemic on the commercial property sector fails to subside, the pressure on financially strained tenants is once again lightened.
Momentum builds for a blockbuster UK economic recovery in 2021
The Bank of England (BoE) upgraded its outlook for GDP, seeing a surge this year driven by a successful vaccination roll-out and a fully reopened UK economy in June combined with supportive fiscal and monetary policies and unleashed household savings. Overall, the revised UK forecast implies a faster GDP expansion this year, followed by slower growth next year. As ever, underneath the rosy headline outlook, the environment will remain precarious for some.
Begbies Traynor partners appointed as joint liquidator for Envy Asset Management Trading Ltd
A team from Begbies Traynor Group, led by Darren Reeds and Wesley Edwards, as well as Wong Joo Wan of Alternative Advisors Pte Ltd in Singapore, have been confirmed as joint liquidators of a BVI ent
Macro inventory: US economy’s downside surprise, while ECB hints at asset tapering
Uncertainty obscures the global economic outlook. In the short term, global growth will correlate with the pandemic’s path: from the efficacy of existing vaccines to stem the emergence of possible new Covid-19 variants to the effectiveness of policy action and the varying resilience of different economies to lockdown restrictions. But the long-term effects of the pandemic may take years to become apparent, such as changes in long-term supply and demand across economies and in the evolution of financial markets.Find an Expert
Find the right professional using the below dropdowns. Our reach covers the globe with a network of over 300 offices.
Or, browse by location
