"Prime Minister Boris Johnson was able to convince the EU Commission in talks yesterday that their stance over a possible export ban on Covid-19 vaccinations was in nobody’s best interests.

The tentative agreement means that the threat to supplies has been averted although it seems to be something of an uneasy truce.

Data for manufacturing output was released yesterday. It exceeded analysts’ expectations, rising to 57.9, while the data for the far larger services sector also beat predictions rising to 56.8. With both sectors well into expansion territory, the one area that may need additional support is hospitality.

It remains to be seen just how many pubs, restaurants and other venues will be in a position to reopen on April 12th and the spectre of a third wave the threat of which was acknowledged by the Prime Minister last week hangs over the sector.

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