Download our July Portfolio Update & Discover the latest news and insights from the economy, the UK property market & our projects
As the so-called ‘Freedom Day’ on July 19 in the UK passed, so did any doubts of an economic recovery. The latest forecast from the IMF predicts that the UK will grow 7 per cent this year, revised up from 5.3 per cent in April, placing it alongside the United States as one of the fastest expanding G7 economies.
In another major boost to the economy, and the hospitality sector, Boris Johnson announced that people who were fully vaccinated in the EU or US will not need to isolate when coming to England, Scotland and Wales from an amber list country. The list is expected to be expanded, allowing arrivals into the UK from a further twelve countries to wave quarantine.
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