Thursday, May 6, 2021

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Rolling coverage of the latest economic and financial news as businesses in England prepare to reopen on 12 April

10.35am BST

There may be some profit taking in the US, where the S&P 500 and Dow both hit record highs last night.

US futures are pointing to a lower open on Wall Street this afternoon:

10.26am BST

Speaking to the Today programme on BBC Radio 4 this morning, the UK’s vaccines minister Nadhim Zahawi confirmed that vaccine passports will not immediately be required as England’s economy re-opens but their use is still on the table.

As the Prime Minister, explained yesterday, you’re not going to be required to have a certificate to go to the pub garden on Monday, or inside the pub in May.

But I think it’s only right and responsible to look at all options available to us to be able to reopen the economy in a safe way as possible, as other countries are doing, [otherwise] I’d have to come to our programme explain why we haven’t done this.

Domestically, it does raise a number of ethical issues which is why the Prime Minister has asked Michael Gove to look at and review this and Michael has been consulting with parliamentarians with stakeholders on this issue.

And of course we’re gonna run the pilots, the FA Cup Final, the semi final where initially, we will look at testing technology to see whether we can have mass events.

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