UK Service Sector Growth At 17 Month High

Britain’s powerful services sector is motoring: the services Purchasing Managers’ Index is now at its highest for 17 months. Services make up 80% of the UK economy and the PMI surge to 56.2, up from 55.2 in November, is a noteworthy uptick in business activity. A Bloomberg survey of City economists predicted the services PMI would fall to 54.7 this month. More of that group-think, wrong-think

Chris Williamson, chief business economist at IHS Markit, said:

“A buoyant service sector adds to signs that the UK economy continues to defy widely-held expectations of a Brexit-driven slowdown. The faster growth of services activity follows similar news of improvements in the manufacturing and construction sectors at the end of 2016.”

Brexit Britain booming!




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Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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