Podcast 18 Aug 2021

63: Q2 GDP & State Aid Data

GDP surged by 4.8% in Q2 (April-June) after a 1.6% contraction in Q1, there have been increases in services, production, and construction output over the quarter. This leaves the economy still 4.4% below its pre-coronavirus pandemic levels.

Inflation is forecast to hit 4% this year as Britain’s robust recovery from the pandemic accelerates at a blistering pace, the Bank of England has said.We are also beginning to see the impact of the pandemic on balance sheets, with the transport & logistics and manufacturing sectors showing the highest number of business closures.

Also covered is the upcoming state aid data that will be added to the Company Watch platform, allowing users to view details of the loans granted to companies under the Coronavirus Business Interruption Loan Scheme and the Coronavirus Large Business Interruption Loan Scheme (CBILS/CLBILS).

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