Britain’s exit from the European Union and the pandemic are adding to inflationary pressures that are starting to slow the U.K. economic recovery, two business surveys show.
Michael Sprung s Top Picks: July 20, 2021
Barry Schwartz s Top Picks: July 19, 2021
Stocks slumps as virus jitters fuel rush into bonds
Larry Berman: Market breadth indicators suggest trend is weakening into poor seasonal patterns
Mike Philbrick s Top Picks: July 16, 2021
Brookfield to launch private REIT with assets from Oaktree
Record U.S. stock rally stalls with inflation rising
Reddit traders are upending the world of credit investing, too
Tyler Mordy s Top Picks: July 15, 2021
JPMorgan strategist warns of dot-com era bull trap in Ark fund
Ex-lawyers whose fund rose 53% this year see markets as frothy
Megacap tech stocks roar back into vogue as haven from slowdown
UK recovery cools in June despite hospitality surge â Lloyds
LONDON (Reuters) â Britainâs economic bounce-back from the coronavirus lockdowns cooled in June despite a surge in business for the countryâs hospitality sector, according to a survey which echoed other signs that the recovery has lost some of its pace.
Five of 14 sectors monitored by Lloyds Bank reported faster growth last month. Pubs, restaurants and other hospitality firms reported their strongest performance in nine years for as restrictions on indoor service were lifted.
But the overall expansion slowed from May, when 11 out of 14 sectors reported accelerating growth.
âThe slowdown of output growth across the majority of sectors shows we are entering a new phase of the UKâs recovery,â Jeavon Lolay, head of economics and market insight at Lloyds Bank Commercial Banking, said.