"UK economy shrinks for the first time since 2012"
www.bbc.com/news/business-49290926
It would be a mistake to say that this was solely because of Brexit. However, it most certainly is exacerbated by it. If things are getting lumpy then businesses will look for a safe port for the storm. And I don't think that will be the UK.
It also indicates that nobody is willing to put their money where their mouth is when they say that the UK will do so well after Brexit.
On a related note, there was an article on the BBC this morning which I think must have been removed; it was s***, but that doens't normally bother the BBC. Either way, I cannot find it.
Anyway, it was a piece saying that various trade advisors, negotiators and politicians in the US were saying that nobody should worry, the US was ready to sign trade deals with the UK and would begin negotiations as soon a s the UK was out of the EU.
The throwaway comment which made me laugh was; "... though the spokesman did admit it might take some years".
So, no need to worry then. We'll just hold on a bit.
|