Daily Press Briefing
Today’s update from Downing Street was delivered by Foreign Secretary Dominc Raab, as
he deputises for Boris Johnson as the PM continues to convalesce. Mr Raab was joined by
Chris Whitty and General Sir Nick Carter, the chief of the defence staff, which is the first
time the UK’s most senior military officer has appeared. General Sir Nick Carter highlighted
how the military has been helping in the distribution of protective kit to frontline services,
delivering mobile testing labs and building emergency field hospitals. The press were told
how dozens of military experts have been providing support to local organisations and how
their work has helped the NHS get deliveries to about 50,000 locations, stating that the
operation to support the NHS has been the greatest logistic challenge in his career. Prof
Chris Whitty discussed the figures and impact of the lockdown on the infection and death
statistics. Comparing stats on global deaths, Professor Whitty stated that the UK should
not expect a sudden decline in numbers. On the agenda was also the subject of getting
PPE to where it is needed. It was reported that a delivery of PPE from Turkey arrived today,
the delivery was expected to arrive last Sunday. Todays delivery was described to be only
half or what was expected and that RAF planes are on standby to collect a second half of
the consignment. The government remains under pressure for failing to supply enough
PPE. Journalists were keen to continue to press for figures on care home deaths. Professor
Whitty did state today that the number of deaths in care homes, which many say have
been consistently under-reported, may have been relatively modest so far but he concedes
that the mortality rate will sadly be high.
At the World Health Organisation’s briefing, Director General Tedros Adhanom
Ghebreyesus, warned that the virus will be with us for some time, stating that whilst
epidemics in Western Europe appear to be stabilising or declining, there is much increase
of the virus in Africa, Central and South America and Eastern Europe.
Interestingly, the BBC reported earlier today that a post-mortem in California has revealed
the first US death related to coronavirus came weeks earlier than what was previously
thought. A death in Seattle on 26th February was believed to be the first in the country.
But two people who died in California on 6th and the 17th February have now been shown
to have had Covid-19.
Figures out today and the UK’s inflation rate fell to 1.5% in March according to the Office
for National Statistics (ONS). This was from 1.7% in February. Falls in the price of clothing
and fuel leading up to the lockdown have been blamed. Economists are warning that
inflation could slide to 0.5% in 2020 as the economy shrinks. The ONS’s latest data was
collected on 17th March, so just before the lockdown on the 23rd March. To put this into
perspective and to illustrate where the UK is compared to the Bank of England target for
(Taken from the BBC website)
Daily Updates on the Markets
Last week, I wrote to you discussing how, if suitable for you individually, you could look
to be taking advantage of the markets at this time. Tonight, I would like to share with you
the below as a nice, easy read this Wednesday evening. We have a great relationship with
Brewin Dolphin, who have a portfolio for every investor, so do have a read and get in touch
if you would like to discuss further.
The value of investments and any income from them can fall and you may get back less than you
invested. Past performance is not a guide to future performance.
Should you have any concerns or questions, we are here for our clients and will happily
arrange a telephone or video call appointment to provide guidance, please either call our
practice mobile 07543 368 478 or email email@example.com to arrange your
We are here to work through the current situation with you, so please do get in