Investors and Business Owners Think Brexit Will Be Good for the Economy

The latest UBS Global Wealth Management survey has found that investors and business owners now think that Brexit will be good for the economy. 41% of High Net Worth Investors now believed that Brexit would have a positive impact on the economy, compared to only 35% who think it will be negative. Business owners are similarly optimistic, 44% believed Brexit would be positive for their businesses while 28% said it would have no impact at all. A far cry from Project Fear…

Pessimism has fallen significantly among business owners over the last quarter, only 14% are still pessimistic about the outlook for their businesses. UK investors are significantly more optimistic about the prospects of the UK economy than the European economy. Not surprising given the latest bad news for the stalling German economy…

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Quote of the Day

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”


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