23 November 2020

We hope that you, your family and your colleagues are well.

Please find attached our Q3 2020 Investment Round Up Newsletter.

Growth across the UK economy had faded after a record recovery over the summer, raising fears of a renewed contraction in the last three months of the year.

Data released showed that UK GDP expanded by 15.5.% in July-September, the fastest increase on record as the economy emerged from its spring shutdown. However, growth slowed during the summer, with GDP expanding by just 1.1% in September – weaker than economists expected. That followed 9.1% in June, 6.3% in July, and 2.2% in August.

The return of children to school boosted activity in the education sector. Housebuilding also continued to recover, while business strengthened for lawyers and accountants after a poor August.

However, pubs and restaurants saw less business, after the ‘eat out to help out’ scheme ended, and accommodation saw less business after a successful summer.

We continue to watch the markets and economy together with developments around the second lockdown measures easing.

Should you have any questions please do not hesitate to contact us.