Concerns over the uncertainty from Brexit talks continue, with the EU’s trade commissioner Phil Hogan saying that the UK might have ‘come to the conclusion that there’s not going to be a deal’. Next week sees the next round of talks, which will be crucial as the deadline for an extension to the transition period comes closer and closer.
Figures show that the furlough scheme is costing the Treasury the equivalent of 1% of the UK’s GDP per month, raising concerns of the overall cost to the economy. However, with lockdown easing and employers taking on some of the burden from August, it is expected that this will lessen.
