The doomsday warnings of immediate and catastrophic harm to the UK economy in the event of a Leave vote could hardly have proved to be less true. Initial wobbles in the stock markets were soon reversed, while the new value of sterling has boosted British exports and doom-laden predictions of a recession have been withdrawn. Not a week goes by without announcements of a forecast being upgraded, a new survey revealing high confidence amongst businesses and consumers alike, or of a major investment in the UK.
And the future looks even rosier. Access to major markets is expected to improve outside of the EU – the United States is already on board for an unprecedented trade deal – businesses of all sizes can expect more opportunities and less red-tape outside the EU. Most importantly, the UK economy remains fundamentally strong and competitive in the global marketplace.
ECONOMY UPDATES & BLOG
Friday 3 August British engineering is on the up as the UK pivots to the rest of the world. In step is Liam Fox who is accelerating preparations for trade deals with Australia and the Pacific alongside a bilateral arrangement with Washington DC. A deal with India now...read more
Wednesday 18 July 2018 The good weather during the second quarter has ushered in widespread optimism touching all corners of the economy. Unemployment is down and wages are up, as is growth. Confidence is beaming from both business and consumers. City A.M....read more
Wednesday 4 July 2018 BMW makes a vital U-turn on its misreported threat of leaving the UK, where it employs more than 8,000 people. Liam Fox’s Department for International Trade celebrates export growth, particularly to non-EU markets with Australia making a hefty...read more