Our economy is bouncing back ahead of the EU and US – Readers on the week s top stories
From new freedoms for the double jabbed to success at the Olympics for Team GB, find out what stories got our readers talking this week
30 July 2021 • 7:00am
Earlier this week, it was announced that Britain will reopen its borders to fully vaccinated EU and US travellers. It was also confirmed that from Aug 16, fully vaccinated Britons will no longer need to take a test if they come into contact with someone with Covid unless they have symptoms. Our readers debated these new rules and questioned whether they should be relaxed completely.
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Some of the world’s biggest investment banks have been left exposed as a hedge fund collapsed, leaving multi-billion dollar losses in its wake. Archegos Capital Management was a secretive personal wealth fund - we find out why banks like Goldman Sachs, Credit Suisse and Nomura dealt with it. We hear why a European Union ban on palm oil in biofuel has left both Indonesia and Malaysia upset and as Bangladesh celebrates its 50th birthday we ask whether the textile industry will be able to support the country into the future. Plus, we celebrate 30 years of business programmes on the BBC World Service. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
Amelia Coates, general manager of the Angel Inn, Bowness-on-Windermere, Cumbria, Inn Collection Group
Expectations of working in hospitality: I always worked in the sector going through university. But it wasn’t until three years ago that I saw my career starting in it.
I came back to it literally by accident. I had a car crash which left me in chronic pain. I had become isolated and withdrawn and beginning a new job as front of house was a way for me to start to rebuild not only my fitness but my confidence and self-esteem.
I almost felt I was taking a moment out. My expectation was that it would be for a short while. The reality was I fell in love with the trade – the lifestyle and the businesses ethos. Until that point, I had never found that ethos. To me, it’s not about finding the job – it’s about finding the company.
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UK stocks bucked a European sell-off on Tuesday on hopes of an economic recovery after Boris Johnson said he was âvery optimisticâ all coronavirus restrictions in England would end on June 21.
This was enough to offset any worries over fresh data from the Office for National Statistics that showed Britainâs unemployment rate rising to 5.1pc in the final three months of last year, the highest recorded since the first quarter of 2016.
Investors focused on the positive and cheered the UKâs potential roadmap out of lockdown as they banked on the recovery of sectors hard-hit by the pandemic.