Sterling Stagflation Crisis & What will Really Happen When Furlough Ends?

In this informative and frank episode, Mark talks about the current Sterling ‘crisis’, he also explores what may happen when furlough ends and the wider economic impact this will have on the country.   KEY TAKEAWAYS   Stagflation is when you have low growth and high inflation. This is what has been suggested will happen next, not helped by all the recently gloomy headlines around supply of materials, products and lack of workforce. The bank of England expects inflation to drop once the supply issues are solved but many markets are not convinced in the short and medium term. There were a lot of rumours that unemployment would rise to unseen numbers when furlough ended, but so far this hasn’t happened. There is a lot of demand for people in various sectors due to Brexit so there appears to be plenty of jobs out there right now. Furlough was very specific, it was designed to support industries that would otherwise be doing well if it was not for the pandemic. In the future, if unemployment is due to the economy then it should be allowed to naturally end. BEST MOMENTS “Demand being as it is, this is clearly going to increase prices” “Was the furlough scheme a good thing?”   VALUABLE RESOURCES https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/   ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD   Email: [email protected] LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive‘Brought to you by Progressive Media’: https://progressivemedia.uk/