Saturday , January 22 2022

Vaccine market rally disappears as US retail sales disappoint-Business Live business



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Economic theory tends to negatively impact investments when uncertainty about the future increases and increases the attractiveness of waiting to see how uncertainty is resolved.

The process of establishing future relations with Covid and the EU has increased uncertainty-we are seeing this in a survey-and this has limited investment. Now I say it’s not clear in the sense that any judgment on Brexit passes. As a public official, I do not take any position on it and do not pass any judgment on Covid’s treatment. That’s not the point. What we do at the Bank of England is to call it the way we see it. That’s right. Uncertainty reduces investment. As mentioned in a recent monetary policy report, business expectations for next year’s sales are still low, as is the measure of investor intent.

Since the publication of the report, there has been encouraging news about the vaccine. Of course, there is a lot to be done, important steps to be taken, and evidence to be collected, but this is a big step forward and will play an important role in lowering the level of uncertainty. So, I would like to thank the people of businesses, universities, governments and NHS who are pushing this important work at such an impressive pace.

Now, if we can see the light at the end of the tunnel, we need to focus more on important questions about how our economy will look in the future, what we want, what Covid’s legacy is, and what we are going to do. You can support and prioritize any additional structural changes required.

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