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7 months ago
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Rolling coverage of the latest business and markets news, as borders continue to shut in response to the UK’s new Covid strain
Johnson appeals to French president but freight Covid ban remains New Covid strain means short-term prospects for UK economy are bleak See all our coronavirus coverage11.25am GMT
Turning back to the UK GDP figures release earlier this morning, our economics editor Larry Elliot says the economic rebound came at a price:
Never in history has the UK economy grown more quickly than it did in the third quarter of 2020. Official figures show that the spending spree of the summer was even stronger than previously expected, resulting in a 16% increase in national output.
Related: UK economic rebound came at a price – and there's more to pay
10.41am GMT
A bit more insight on the market bounce from David Madden, market analyst at CMC Markets UK:
Stock markets have rebounded from the brutal declines that were witnessed yesterday.
Fears in relation to the new strain of the coronavirus have faded a little and so have some of the concerns that the UK could suffer a prolonged period of isolation.
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