Brexit Boom! Post-Referendum Consumer Spending Surge

SPENDING

Despite claims from Remainers that a Brexit vote would see consumer confidence plummet, new figures out today show spending has surged since the referendum. Just a few weeks ago Remain doom-mongers were writing about a “dent in confidence”, how people were “gloomy” about their finances and wanted to “rein in spending” because of the Leave vote. Yet analysis from Visa and Markit shows a “sharp” rise in expenditure of 1.6% year-on-year in July, up from 0.9 percent in June. There’s been an 8.9% rise in spending at restaurants, a 5.2% rise in recreational spending and a 3.9% rise in spending on clothing. In the first week after the referendum consumer spending rose 2.14%. Rather than rein in spending, Brexit Britain is booming…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Former Governor of the Bank of England Mervyn King…

“There are arguments for remaining in the EU and there are arguments for leaving the EU. But there is no case whatever for giving up the benefits of remaining without obtaining the benefits of leaving.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
CCHQ DROPS MOGG CCHQ DROPS MOGG