The remoaners will be seething again today as experts predict a significant economic upturn for the UK. Bloomberg’s chief UK economist Dan Hanson projects growth to reach 1% by the end of the year with potential to reach 1.9% were household savings to be spent – which would put us at the top of the G7, all while extra-sluggish European economies slow down. Tax cuts to stimulate production would have an even greater effect…
British Land Company CEO Simon Carter says the government has “made changes” by cutting taxes and stabilising EU relations which is “creating a more positive backdrop for investment“. The UK received the second-most green-field foreign direct investment in all of the three years to 2022 – that’s above even China. Meanwhile, Bank of America corporate strategist Kamal Sharma, who said two years ago there could be an “existential” sterling crisis, now predicts the currency will jump to $1.37 and says “the pound is the US dollar of Europe“. The “total disaster” of Brexit keeps reaping fruit…
Reeves has said she is confident she will be Chancellor at the next election, telling PA:
“I’m absolutely confident. I set out in a speech a couple of weeks before the Budget that the ambition for the Budget was to cut NHS waiting lists, cut the cost of living, and cut the debt and the deficit.”