Last Wednesday (25 November), Chancellor Rishi Sunak announced in the latest Spending Review that the UK's economic crisis has "only just begun", despite positive vaccine-related and health-related news over recent weeks.
As a result of unprecedented fiscal spending in order to cope with an unprecedented crisis, borrowing is set to reach 19% of GDP by the time the year is out - the highest level in peacetime history. Yet despite the worrying figures, Sunak remains willing to invest to stimulate growth through infrastructure spending, having pledged £2bn to the transport sector and a total spend of £280bn to continue navigating the economic impacts of coronavirus. Robert Alster, CIO at Close Brothers Asset Management, said this will be "critical" as two "major, generation-defining adjustments" come to t...
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