British Manufacturers Report High Profitability and Confidence

Britain’s post-Brexit boom continues as UK manufacturers recorded their second-highest levels of profitability ever. According to the Office for National Statistics, net rates of return for manufacturing companies increased from 13.8% in the third quarter of 2017 to 15.8% in the final quarter, marking the second-highest value to date. On top of this, the latest UK Business Outlook from IHS Markit released this morning shows manufacturers are bullish on growth:

“Growth expectations in the manufacturing sector are the highest for more than two and a half years manufacturers cite the improving global economic backdrop and hopes of increased export sales.”

The net balance of UK manufacturers predicting a rise in output is at +58% in February, up on+54% in October 2017. And they said Brexit would crash Britain’s manufacturing sector…


Euro News



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Lucy Allan explains her positive comments about the Brexit Party…

“If EU elections are held, Leave supporting voters will want to vote for Leave supporting candidates… Usual party loyalties will be eclipsed by the Leave v Remain divide. It’s good to see strong candidates in the Leave camp. However, I sincerely hope we leave the EU before these elections are held so that we can move on and not waste time and money on unnecessary EU elections.”

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