The US election was the main focus of last week, and, despite days of uncertainty, a new Democratic President seems to have boosted the markets and news that the President Elects’ first moves will be to set up a Covid taskforce and make moves to take the US back into the Paris Climate Agreement will be welcomed. With the Brexit deadline being so close and the contentious Internal Markets Bill up for debate this week, many will be looking to see what the appointment means for the UK.
Closer to home, jobs were top of the agenda for the week as the furlough scheme was scheduled to close at the end of October, just as the new lockdown was announced. An extension to the scheme will be welcomed but it seems that construction may have a challenge to retain skilled workers.
As we approach the end of the Transition Period, it is concerning (but perhaps not surprising) to see reports that firms are unprepared for changes to imports and exports at the end of the year. With just 52 days until the UK breaks all ties with the EU, we hope companies use the remaining time to understand the changes to prevent any possible delays.