World trade is bouncing back – creating problems at the docks

Analysis from Dr John Ashcroft on the economic impact of Covid-19 In Southern California, off the twin ports of Los Angeles and Long Beach, 62 container ships lie at anchor, awaiting an unloading berth. The floating queue, a phenomenon unknown before the pandemic, has doubled in size since August. The precious cargo includes toys, electronics, […]

Recovery on track …‘Pingdemic’ fears set to ease

Analysis from Dr John Ashcroft on the economic impact of Covid-19 UK car factories turned out 69,097 units in June, according to the Society of Motor Manufacturers and Traders (SMMT). While this was a rise compared with the Covid-depressed June 2020, however, it still represents the worst June total since 1953 as the global chip […]

Spend, Spend, Spend… the Shoppers are back!

Analysis from Dr John Ashcroft on the economic impact of Covid-19 Retail sales jumped by almost 10% in April. Masked shoppers returned to the high street. Sales were up 40% compared to April last year. Sales were up by 12% compared to pre-pandemic levels in the months of 2019. Clothing stores were major beneficiaries. Sales […]

UK Economy could grow over 20% in 3 years

Analysis from Dr John Ashcroft on the economic impact of Covid-19 The IMF now sees a brighter outlook for the world economy. The Bank of England is feeling more optimistic about the UK. The Office For Budget Responsibility forecasts real growth of 11% over the next two years. Forecasts for the UK will be revised […]

A tale of two economies – recovery expected at a ‘rate of knots’ in 2021

Analysis from Dr John Ashcroft on the economic impact of Covid-19 Andy Haldane, Chief Economist at the Bank of England, expects Britain’s economy to recover ‘at a rate of knots’, from the beginning of the second quarter this year. It should not be too difficult. The comparative figures for last year, are not much to […]