August Kicks Off With Brexit Good News Hat-Trick

August kicked off with yet another triple-whammy of good economic news for booming Brexit Britain. In the City this morning Moody’s lifted the ratings of several major British banks and building societies. CityAM reports:

“Santander and TSB banks and Nationwide, Coventry and Nottingham building societies have all had their deposit ratings from negative to stable, while the stable outlooks for three issuers – Close Brothers, West Bromwich Building Society and Yorkshire were maintained.”

Before the referendum, Moody’s warned that Brexit was likely to have a long-term negative impact on bank credit ratings. No need to be so moody after all…

Staying with the banking sector, Deutsche Bank yesterday signed a 25-year commitment to a new London headquarters. The bank has signed up for a minimum of 469,000 sq ft of office space and has taken an option allowing it to expand further at a later date. About 5,000 employees will move to the new office when work is completed in 2023. That’s the same Deutsche Bank that just last month stoked up remainstream media headlines with its warning that it would downsize its London operation. Actions speak louder than words…

Last but not least, British manufacturing continues to strengthen: the sector grew at a faster rate last month than EU countries including France, Spain and Ireland. British factories are on a hiring spree as they scramble to keep up with a booming global order book. The IHS Markit purchasing managers’ index rose to 55.1 in July, from 54.2 in June. Manufacturing number-crunchers said they saw a “significant boost” in activity. A cracking summer to be had in booming Brexit Britain




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

Quote of the Day

Dominic Cummings tells Damian Collins:

“You talk of ‘contempt of Parliament’. You seem unaware that most of the country feels contempt for Parliament and this contempt is growing.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Anti-Brexit ‘Renew’ Flops Anti-Brexit ‘Renew’ Flops
Robbins Hits Back at Brussels Robbins Hits Back at Brussels
7 Cummings Truth Bullets For Brexiter Tory MPs 7 Cummings Truth Bullets For Brexiter Tory MPs
German Firms Back Brexit Britain German Firms Back Brexit Britain
All-Remain Peston Show “Kerfuffle” All-Remain Peston Show “Kerfuffle”
Irish Border Camera Problem Solved Irish Border Camera Problem Solved
Remainers Tell Aussie Brexiter to Go Home Remainers Tell Aussie Brexiter to Go Home
Starmer Joins Orchestrated Remainer Attempt to Keep Us in Single Market Starmer Joins Orchestrated Remainer Attempt to Keep Us in Single Market
Hancock: We’ll Be Staying in Eurovision Hancock: We’ll Be Staying in Eurovision
684 Days Since Referendum, Still No Policy on Customs 684 Days Since Referendum, Still No Policy on Customs
8 Reasons Brexiteers Cannot Accept May’s Customs Partnership 8 Reasons Brexiteers Cannot Accept May’s Customs Partnership
LibDem Peer Compares May to Hitler LibDem Peer Compares May to Hitler
Rudd’s Customs Union Bombshell Rudd’s Customs Union Bombshell
Mogg: Number 10’s Customs Partnership Is a ‘Cretinous Betrayal of Good Sense’ Mogg: Number 10’s Customs Partnership Is a ‘Cretinous Betrayal of Good Sense’
Why Brexiteers Are Worried Why Brexiteers Are Worried
May Told to Ditch Customs Partnership “Turkey” May Told to Ditch Customs Partnership “Turkey”
Anti-Brexit Bias of Former Top Civil Servants Anti-Brexit Bias of Former Top Civil Servants
Government Loses Lords Customs Union Vote Government Loses Lords Customs Union Vote
Is Bond Really a Remainer? Is Bond Really a Remainer?