Mon, 17 May 2021 | Written By: Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
Slow Monday morning for equities, gold higher on real yield slide
Morning Note
Reopening day in Britain – today is a big step forward for the economy, not so big for the stock market. Markets move well in advance, of course. Reopening trades have performed well this year, but the real test comes as the reopening process proceeds – do people get out and spend, do they take on more debt and do banks lend more? These are questions for policymakers, but also for investors.
Monetarists fear inflation spiral as Bank of England stokes an economic boom telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Universal Credit: Minister signals review on universal credit top-up
Published
image copyrightPA
A further extension to the £20 a week Universal Credit top-up payment beyond September is a decision for the chancellor, a minister has said.
Will Quince said he expected the Treasury to look this summer at whether it should be kept in place for longer, based on health and economic data.
The UK was still very much in the depths of the pandemic , he said.
Opposition parties and anti-poverty campaigners have called for it to be maintained for at least a year.
But ministers have emphasised that the uplift, first introduced in April 2020 and worth more than £1,000 a year, is temporary and would be too costly to keep in place indefinitely.