The Brexit trade deal finalisation and the Covid-19 vaccine are all playing a part in a rebound for the UK economy.
The government’s reliance on coronavirus-fueled consumer spending, the rapid vaccine rollouts compared to the rest of the EU, and the Brexit trade deal will all lead to a sharp increase in economic activity from the second quarter of 2021.
The furlough programme in place by the government until March 2021 will most likely pad the UK job market until widespread immunity is achieved in the country. The Bank of England has expanded its bond-buying programme by $263 billion in November. Additional fiscal expansion is expected in 2021.
If you are considering moving to the UK for better opportunities, contact UK Immigration Consultants. Their team will answer questions you have about the immigration process.
The Goldman Sachs bank is predicting that the UK GDP will have a seven per cent increase in 2021 and a 6.2 per cent increase in 2022, which is higher than the consensus of most economists. Over half of the country is expected to have received the vaccine by March 2021, which is ahead of all other advanced economies. The UK is the first Western country to approve BioNTech and Pfizer’s vaccine. The first shipment has arrived and is distributed to medical centers around the country.
The Goldman Sachs bank is predicting that the UK GDP will have a seven per cent increase in 2021 and a 6.2 per cent increase in 2022!
There are many opportunities for you and your family living in the UK. If you are considering relocating for a better life experience, contact UK Immigration Consultants. Your individual case will be evaluated, and you will be guided to the best UK visa for you and your family.
