LONDON (Reuters) – Britain’s high streets are heaving with shoppers despite June’s shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. The overwhelming view from economists is that it is too early to know how Britain will cope with years of Brexit uncertainty – but there is a growing belief the country can avoid a recession that only weeks ago was regarded as likely. On the face of it, the early optimism contrasts with the pre-referendum warning from former Prime Minister David Cameron that a Brexit vote would put a “bomb under the economy”. Retail sales in August reversed much of an immediate post-Brexit vote fall, with retailers reporting their strongest sales in six months, industry data showed on Thursday, partly due to a weaker pound attracting overseas buyers.
Similar Stories to Britain’s Economy Shrugs Off ‘brexit’ Impact, For Now on Bing News
Andy Bruce / Reuters, Time: World
Fri, 08/26/2016 - 3:51am
Topics: london reuters britain s june s european union prime minister david cameron retail august england s aug some british wrong daily express brexit britain we don t know new british prime minister theresa may eu s article holger schmieding berenberg bank business price market gfk s a yougov/cebr charles goodhart london school economics ftse rises investors john lewis adecco bmw nissan martin sorrell wpp our in rupert pennant-lea financial times the british beyond britain european central bank ecb september the federal reserve any robert wood bofa merrill lynch additional mike dolan kate holton jamie mcgeever william schomberg pravin char eu reuters britain june brexit july british bank brexit the the u.s the uk reuters boe i ftse impact vote referendum data companies pound consumer percent higher economists fall weaker warned confidence long recession future showed cut outlook year avoid due month view reported positive years bloc spending index benefit overseas shock week leave point early reporting uncertainty months thursday big official sales newspapers carmaker dollar company fell fears rates position helped growth major trade remains world offer investment currency surveys chief quarters consumers equity construction adding economist caution
BING NEWS:
- Macron claims Brexit has ‘impoverished’ the UK in squabble with Downing Street
Macron claims Brexit has ‘impoverished’ the UK in squabble with Downing Street - A spokesperson for Rishi Sunak disputed Emmanuel Macron’s comments, saying that Britain was “leading the pack” against ...
05/3/2024 - 11:12 am | View Link - The UK sees a rise in foreign direct investment
Figures compiled by EY showed the number of overseas-backed projects rose by 6 per cent to 985 in the UK while struggling France and Germany saw declines of 5 per cent and 12 per cent.
05/2/2024 - 1:37 pm | View Link - UK to be slowest-growing G7 economy next year, warns OECD – as it happened
Rolling coverage of the latest economic and financial news. Hunt: We're winning the war on inflation 09:10 Chancellor of the Exchequer Jeremy Hunt has said the OECD’s forecast isn’t a ...
05/1/2024 - 10:15 pm | View Link - More price rises and empty shelves on the cards as UK brings in Brexit border checks
New import checks on foods arriving from the EU could affect supplies at Britains local delis, high-street greengrocers or independent cafes. Worse, they could lead to shortages that affect the very ...
05/1/2024 - 7:03 pm | View Link - Less choice and higher prices? Britain braces for Brexit checks on food imports
The UK’s dependence on the EU for fresh food could mean pain for consumers and small businesses as new post-Brexit border checks are rolled out from April 30.
04/29/2024 - 2:00 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more