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…


Euro News



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Quote of the Day

John Bercow finally makes his view on Brexit known.

“Brexit is the biggest mistake of this country after the war. I respect PM Johnson but Brexit doesn’t help us. It’s better to be part of the [EU] power bloc.”

What a surprise…

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