Global stocks gained on further good news on the vaccine front. Oxford University and AstraZeneca announced that their vaccine had between 62% and 90% efficacy, depending on dosage. In addition, fears of a less-than-smooth presidential handover in the US were smoothed when Donald Trump agreed to let the transition process begin – although he has yet to concede defeat.
The FTSE 100 gained 0.3% over the week, bringing its rally so far over November around 15% – the strongest monthly rally on record. The UK index has benefitted from its high concentration of businesses that will likely benefit from a global recovery, such as oil producers, miners and banks.
Talks between the UK and the EU about a future trade relationship remained deadlocked.
England will return to a three-tier system once the current lockdown ends on 3 December. Most of the country will be in the two highest tiers, where indoor socialising is prohibited, with only the Isle of Wight, Cornwall and the Isle of Scilly in the lowest tier. The prime minister faced a bank-bench revolt on the wider use of tier 2 restrictions, with ministers saying the measures will be in place until the spring.
UK Chancellor Rishi Sunak announced his latest spending review in which he forecast that the UK economy would shrink 11.2% in 2020 and would not return to its pre-pandemic size until the end of 2022. [READ MORE…]
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Let’s mix up the font and use itals to bring it to life. Property picture if we have one or use iStock.
Strategy Manager, RSA.
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Leading global proptech CEO
27 November 2020
As Lockdown 2.0 comes to an end and the UK government introduces a new ‘test and release’ scheme, a fortnight in the sun or a week on the slopes sounds like the perfect excuse to tackle the cabin fever we’ve all experienced.
While British tourists will be able to halve the amount of time they’re required to quarantine from December 15, it is important to remember that those who travel against the Foreign, Commonwealth and Development Office (FCDO) advice may not be covered by their travel insurance provider.
Fiona Macrae, travel insurance expert from the consumer awareness initiative travelinsuranceexplained.co.uk answers common questions associated with travelling against FCDO advice and explains why British tourists may not be covered by their insurer if they ignore the advice. [READ MORE…]
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