Positivity post-Brexit

Firms hold an overall positive outlook on the regional economy looking forward, despite major uncertainties at a national and global level, according to the latest results of the Sheffield City Region Quarterly Economic Survey.

The Q4 2016 results – based on over 300 responses from businesses across the region – give a snapshot of how the regional economy performed during the last three months. The figures will be used to better inform local, regional and national government and policy-makers on issues of concern and to help shape support structures available to the local business community.

Both the manufacturing and service sectors showed a positive balance in sales in the UK market over the last three months. The service sector in particular, showed a sharp increase and the position was healthier than during the same time the previous year.

Read on… http://www.rothbiz.co.uk/2017/01/news-5317-positivity-post-brexit.html?m=1


10 thoughts on “Positivity post-Brexit

  1. Quelle Surprise!
    The ‘Project Fear’ group and their predictions for WW3,Recession and a Plague of Locusts if we voted to leave the EU are exposed for what they were; Lies.
    We haven’t left yet but Britain’s economy is robust enough to cope with Brexit.
    ‘The stock market is enjoying a bull run and breaking all records. In November the BoE already doubled its forecast for 2017, the biggest single upgrade it has ever made to a prediction, and now it is likely to upgrade it again.’ Mark Carney. Governor of the BoE.

    Expect a lot of opposition to our country leaving the EU from the 26 countries who will make negotiations difficult using QMV.


    • Colin,
      “The stock market is enjoying a bull run and breaking all records. ”
      Neither the footsie 100 or 250 did all that well today.
      … and it only appears a “bull run” for the 100 when priced in sterling, see how it looks when priced in USD.
      FTSE 100: Why its record breaking high is not something to celebrate
      In dollar terms, the FTSE 100 is one of the worst performing of the major indices over the past year

      “Expect a lot of opposition to our country leaving the EU from the 26 countries who will make negotiations difficult using QMV.”
      I don’t think the other 27 can stop us leaving or nor particularly oppose it, but certainly many of them have reasons for making our exit as painful for us as possible.

      Not sure where you meant your Guido link to go…


      • @rr
        I am aware of the 18% drop in the £/$ exchange rate since the referendum and I think you are being disingenuous when you wrote ‘Neither the footsie 100 or 250 did all that well today.’ It isn’t about one day’s trading it’s about the overall upward movement contrary to most ‘experts’ opinions before the referendum.
        I put in the Guido link to avoid any charges of plagiarism.

        The settlement requires approval by a majority of EU members, plus the European Parliament and UK Parliament.


        • Colin,
          You are quite right to say that one should never look at one day’s numbers, it is just that Thursday’s movements were very interesting in themselves, given the companies reporting.
          … and there are times when “one day’s trading” does have significance – and consequences – way beyond that one day.
          Remember: https://en.wikipedia.org/wiki/Black_Wednesday ?
          I’ve always seen the 100 as being a far less useful measure of significance to life in the UK than the 250 – often it’s best seen simply as a proxy for the USD.

          Thanks for the link to the BBC piece! Really helpful!

          Your guido link just takes me to whatever is the latest Guido story.


  2. Like him or dislike him , non of this would have happened if it wasn’t for farage , if anyone deserves a nighthood it’s him . Incoming….


  3. All this talk of Brexit being a cliff edge for Britain ignores the other side of the coin, it is a funding cliff edge for the EU. Excluding Germany, Britain’s contribution is more than the total net contribution of the 26 other EU states combined. add up the debits and credits of every member state from France to Poland bar Germany and it comes to a figure less than Britain’s EU contribution.
    Who has the upper hand?


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