SUCCESS ON ITS WAY
savings.that should power a consumer spending and corporate investment boom according to Barclays, one that would see Britain enjoy its strongest growth since the end of the Secondworldwar.
However, as the CBI warns, the recovery will play out differently across the sectors.
allowed to watch the semi-finals of the World Snooker Championships at The Crucible, Sheffield, and 1,000 will watch the final today and tomorrow with no masks or social distancing.
Another test event saw thousands of revellers at a club in Liverpool on Friday night.
The results of the events will be closely monitored and Culture Secretary Oliver Dowden said the Government is leaving “no stone unturned to help us get back to the things we love this summer”.
People are expected to make nearly 15 million leisure trips in their cars from Friday until tomorrow.
That is why the Government needs to harness the upcoming boom, so the economy enjoys lasting benefits and is better balanced going forward.
Manufacturing, construction and professional services will flourish but hospitality, retail and leisure will need help. And there will be a rise in company failures and unemployment.
Although it will be concerning, it should prove short lived. Britain’s economy is finally ready for lift-off.
Research by the RAC showed motorists were planning the highest number of May bank holiday weekend journeys since 2016.
The economic recovery should be aided by the new pilot scheme aimed at reducing self-isolation.
Instead of the current 10 days, participants who have had contact with a carrier will be sent a week’s worth of tests and can go about their lives as before, as long as the results are negative. The trial will begin on May 9, and Professor Isabel Oliver, who is leading the study for Public Health England, said it is key to informing how “the approach to testing might evolve”.
As many wait for news on the “green light” for foreign holidays, there are calls to boost the industry by ending VAT on tests which people must take before they leave and come back.
Currently, a family of four would need to take 12 tests at more than £60, in what has been branded the “holiday tax”.
Tory MP Sir Roger Gale said it was too much for people to pay and added: “We have to bring the price down.”
There were seven further deaths and 1,907 new cases yesterday, down on seven days ago.
A further 129,657 first vaccine doses and 405,456 second doses were given out on Friday, taking the first dose total to 34,346,273 and second doses to 14,940,984.
However, surge testing is to be deployed across parts of east London after several cases of Covid variants
were detected.
lift-off... and strongest growth in decades