Brexit damages UK investor confidence.

Political and economic uncertainty due to Brexit has driven investor confidence to an all-time record low in 2017 according to research published by Hargreaves Lansdown.  Confidence averaged 76 in 2017, one point lower than surveyed in 2008 during the peak of the financial crisis.

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Dr. Ray NultyComment
UK Parliament report on progress of Brexit talks ahead December EU Summit.

The Select Committee overseeing Brexit published its second progress report today, 30 November 2017. They note that the EU Team, headed by Michel Barnier, was constrained to negotiate within the framework set by the 27 remaining nations.  This precludes moving to the wider talks about matters such as future UK-EU trading relationship until “Phase 1” issues were substantially agreed between the parties.

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John ShuttleworthComment
Leaked report paints deeply unflattering picture of UK .

Yesterday, 22 November, we Blogged a number of “off the record” criticisms from EU Diplomats attending the General Affairs Meeting in Brussels. Today, RTÉ went further - quoting widespread alarm among senior EU figures driven by "chaos in the British government". Brexit-Partners now believe that the increasing flow of leaks coming from politicians and civil servants across Europe demonstrates the growing concern that a chaotic situation is looming for March 2019.

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John ShuttleworthComment
Brexit to cost Britain £72 billion in lost economic activity by 2021.

The Resolution Foundation says the UK economy is now expected to be roughly £42 billion smaller at the start of 2022 than was thought back in March. This downgrade comes on top of the deterioration pencilled in after the Brexit vote of June 2016. As such, the latest GDP projections point to an economy that will be £72 billion (or 3.4 percent) smaller in 2021 than had been projected in March 2016.

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Dr. Ray NultyComment