Beyond Currency

29 June 2021 - Chancellor starting to consider cuts


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"There is little doubt that a belt tightening exercise is on its way as soon as the Bank of England considers the economy sufficiently strong to withstand an end to its recent free ride.
As furlough ends, those who find themselves without a job will see the Government’s main benefit begin to be cut back to pre-Covid levels.
Those who were unable to retain their jobs at the start of the pandemic, or whose employers were unable to access the furlough scheme, will find themselves as the worst hit, post-recovery.
It is expected that the Government will provide support for those who fall victim to the withdrawal of support, but it is expected that the unemployment rate will start to rise.
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Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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