Thread: Brexit: Article 50 Has Been Triggered !
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Old 10-08-2017, 20:25   #2566
1andrew1
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Re: Brexit: Article 50 Has Been Triggered !
Brexit vote impact starting to be felt.
Quote:
Consumers, seeing the pound depreciate, front-loaded their spending in the second half of last year, because they understood that import prices would rise. Having incurred additional debt, they are in no position to continue spending at that earlier pace.
Sterling’s substantial depreciation, moreover, augurs a significant rise in inflation, which means the Bank will have to start raising interest rates sooner rather than later. The consequences for growth will not be pretty. The Bank will no longer be the Brexiter’s friend.
https://www.theguardian.com/business...ight-on-brexit
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