Why Freelancers Will Fuel UK Businesses In The Post Brexit Economy

The sharp fall in sterling triggered by the EU referendum result is having an adverse effect on Britain’s already weak public finances but has yet to bring about the expected improvement in the trade deficit, a Guardian analysis of the economic news of the past month shows.

In a period in which business confidence took a hit from the government’s loss of its overall majority in the general election, the Guardian’s monthly tracker found little evidence that the impact of a more competitive currency was offsetting a slowdown in consumer spending caused by dearer imports.

The latest data suggests the first official estimate of growth in the second quarter – due on Wednesday – will show a modest pickup from the 0.2% recorded in the first three months of 2017 but will not match the robust expansion recorded in the first six months after the Brexit vote.

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Source : https://www.theguardian.com/politics/2017/jul/24/brexit-economy-sterling-fall-hits-public-finances-and-fails-to-boost-trade

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