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UK Business News Opinions Reviews

UK Business Reviews February 2021
How are you preparing for increased demand in UK

The UK had its worst economic performance in 2020. It managed to avoid a double dip recession as the UK economy grew slightly in December.

A lot of consumer money and business finance has been stockpiled in the UK. When the UK economy opens up again in the spring of 2021 it is set for an enormous jump in business activity and consumer spending. Businesses who are prepared for this surge in economic expansion will reap the rewards.

UK Business Magazine February 2021
Bank Of England Monetary Report February 2021

If the answer to when will we get out out of this pandemic is vaccinations – then given the UK has already vaccinated 15 percent of its adult population, then the UK is well on its way to recovery from the pandemic.

In a UK economy that is expected to grow by 5 percent by the Bank Of England it is highly unlikely that the Bank Of England Monetary Policy Committee is going to go negative on UK interest rates in 2021 or 2022.

Barring a serious issue with Covid19 variants, there is only one way UK interest rates are going to go from a record low of 0.1 percent and thats upwards as UK business and economy growth accelerates towards the end of 2021 into 2022.

Sure the Bank Of England wants people to prepare for negative interests just as the UK needs to prepare for COVID19 variants. However that does not mean the Bank Of England will turn to negative interest rates.

What this mean for business leaders in the UK and those business leaders wishing to trade in the UK, is that they must prepare urgently to respond very quickly to massive growth in business opportunities in 2021 and 2022.

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