Brexit Bear’s thoughts for the end of April 2017

01 May 2017

More Companies than ever are investing into the UK! Figures from the OECD show that Britain has climbed to the top of the league table for foreign investment in Europe, bringing in $253.7bn (£197bn) in 2016 - the highest level of inflows since 2005. The inflows are up from £33bn the previous year and mean the UK’s FDI is second only to the US in the OECD club of 35 rich economies. Maria Borga, senior statistician at the OECD’s investment division, said the sharp increase was a sign of “confidence in the economy.”

That confidence continues to extend to consumers. The index maintained by research specialist GfK show consumer confidence for April has remained relatively stable - dropping one point from the previous month. Quoted in the Financial Times, Joe Staton of GfK, said: “In the face of widespread reports of rampant inflation, stagnating wages and anxiety over our Borrowing binge, UK consumer confidence is surprisingly stable…we have not seen any evidence of the predicted post (Article 30) trigger downturn, despite high levels of concern about the general economic situation…as we enter our two-year window of renegotiation and navigate the run-up to the General Election.”

That confidence continues to extend to consumers. The index maintained by research specialist GfK show consumer confidence for April has remained relatively stable - dropping one point from the previous month. Quoted in the Financial Times, Joe Staton of GfK, said: “In the face of widespread reports of rampant inflation, stagnating wages and anxiety over our Borrowing binge, UK consumer confidence is surprisingly stable…we have not seen any evidence of the predicted post (Article 30) trigger downturn, despite high levels of concern about the general economic situation…as we enter our two-year window of renegotiation and navigate the run-up to the General Election.”