Happy new year, happy new lockdown.
2021 has seen off 2020, but schools and large chunks of the economy have shut down again and people have been ordered to stay at home, as across the UK the nations adopt their own version of lockdown.
It’s probably been the gloomiest start to a year for as long as many can remember and a tough winter for people, businesses and the economy lies ahead.
So what happened? The UK stock market jumped, of course.
Contrary as this may seem, there is some logic to investors buying into the hope that better times lie ahead.
We have Covid-19 vaccines being rolled out that will hopefully make this national lockdown the last people have to endure – and we also have a Brexit deal.
On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what the fresh lockdown means for the economy and why investors are choosing to look straight through it and develop a new appetite for buying British.
Are UK shares undervalued and a great opportunity for 2021 and beyond – and will a strong consumer rebound once the economy is reopened prove the catalyst the FTSE needs?
The team also discuss the potential implications of the Brexit deal for people’s finances and businesses.
Meanwhile, the FTSE 100’s gains may have been substantial for a week on the stock market, but they are nothing compared to bitcoin’s continuing rise. The cryptocurrency cracked $40,000 this week: what’s going on, are people making real money out of this, and is there any idea what could happen next?
Also, on this week’s podcast, the team talk moving home and getting your property looking attractive for a sale and with everyone stuck at home again, how to improve your wifi.