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Originally Posted by nomadking
Nothing has actually happened yet. Everything is the same as before. Their figures are not based on any REAL things.
And their figures are not yet complete.
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With 85% of the questionnaires in, I am fairly certain whatever the final 15% of them contains, it isn't going to change the outcome much.
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Not sure how they can publish full July figures that quickly.
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If they have 85% of the questionnaires in already, it should be relatively easy to publish full July figures that quickly, because they can collate the figures as they receive the questionnaires.
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Anyway the rest of the EU isn't doing that great so that by itself will have an impact, eg less exports.
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In fairness, all the report is saying is that we are seeing a sharp drop during a period of uncertainty. Both sides said we would have a period of uncertainty if we chose to leave the EU. Businesses are citing Brexit as the cause purely because they don't know how they are going to be affected when we leave the EU, so are less likely to invest a lot of money, at least until the uncertainty is resolved.
We may or may not have had problems had we chosen to remain, but businesses would have been more confident to invest as they would have had at least a vague idea of what was going on.