The UK Economy Has No Time To Die

The UK Economy Has No Time To Die

Despite the pandemic disruption, the UK has No Time to Die. In Q1, Cineworld reported a loss of $3 billion, but this week shares in the FTSE 250 company rose by 8½p, or 11.9 per cent, to 80p, their highest price since early July. Besides, it is not only entertainment that brings good news about the UK economy.

Rolls-Royce has shown more signs of recovery from the pandemic than any other industrial UK business. The company recently stroke a deal to sell its Spanish business for €1.7 billion and won a crucial contract with the US air force.
Earlier in September, RR unveiled the electric plane called the Spirit of Innovation propelled by a powerful 400kW (500+hp) electric powertrain with the most power-dense battery pack ever assembled for an aircraft. It is taking the company into the new sector of the aerospace market — regional jets and urban air mobility.

Marking achievements, the shares in the aero-engine maker are up 10 per cent or 13.2p to 145.70p, to their highest level since March 2020.

Although the V-shaped recovery of the UK FTSE 100 was not so “v” comparing to the US S&P, it still delivered 80% of expected and grew. The slow recovery rate has a reason since FTSE 100 relies on traditional stocks instead of the tech-powered S&P 500 index.

ONS reported on the impact of the coronavirus (COVID-19) pandemic and other events on UK businesses and the economy. Their report gives a good picture of how resilient is the national economy.

  • In September, more than half of companies (57%) expect above 75% of the workforce to return to their regular place of work.
  • 50% of businesses within the other service activities industry reported a decrease in turnover compared with typical expectations for this time of year.
  • Daily road traffic activity restored to the February 2020 level.
  • Companies incorporations in September are up 5% comparing to the beginning of the year, and companies voluntary dissolutions are down 9%.

More data with datasets is available on the official website.


ORACLE CAPITAL GROUP provides you with the advice and support you need to start a business in the UK. Our experts can facilitate new company registrations and manage start-up operations in Britain.

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