Wave of positivity in a number of trade sectors
Whilst there are concerns in many areas of the economy, there is a palpable wave of positivity in a number of trade sectors.
Not least manufacturing, engineering and construction.
Businesses are looking to invest because they see the opportunities for growth.
“Bank braced for a post-Covid spending binge…
Bank of England governor – Andrew Bailey – believes that once Covid restrictions are lifted Britons will embark on a spending spree and provided the supply side can cope with demand the public are likely to splash out with the estimated £125bn in extra savings they have accumulated since the start of the pandemic. Mr Bailey’s comments echo those of his deputy Ben Broadbent who also anticipates a strong recovery in consumer spending as coronavirus restrictions are eased, although concern over coronavirus variants could dampen demand.”
Source – The Observer (via Amicus Asset Finance Daily News)