New data from IHS Markit suggests that British households have become increasingly pessimistic regarding the long-term economic prospects following last year’s vote to leave the EU. The March poll, conducted by Ipsos MORI, showed the proportion of people expecting the UK economy to fare better over the next ten years falling to 29%, down from…
The recent slump in sterling should prompt a significant readjustment of the UK economy away from consumer spending towards exports, according to the EY ITEM Club winter forecast. But while economic growth will be better balanced it is also likely to be slower. The respected economic forecaster says that the impact of sterling in increasing…
UK manufacturers expect 2017 to be another year of risks but at the same time are gearing up for the challenges ahead. According to the annual Executive Survey from EEF, the manufacturers’ organisation, almost half of companies surveyed see more risks than opportunities in the year ahead. However, in 2017 56% of firms expect to…
Sentiment in the financial services sector deteriorated in the three months to September, as firms assimilated the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union, according to the latest CBI/PwC Financial Services Survey. The quarterly survey of 115 firms – the first since the Brexit vote…
The UK commercial property market has seen a significant drop in confidence and investor demand following the Brexit vote, according to the Q2 2016 RICS UK Commercial Property Market Survey. Both the investment and occupier sides of the market have been affected by the change in sentiment and both rent and capital value expectations are…