UK Economy Given Vote Of Confidence Less Than A Week Before General Election
With less than one week before the general election, the UK’s economic outlook remains robust – according to a report by Dun & Bradstreet. Its UK Quarterly Industry Report has revealed that Eurostat’s Industrial Confidence Indicator stood at 9.1 in Q1 2017 – the highest level since Q2 2014. While the pound’s value experienced a modest increase after the announcement of the snap election, its value is still significantly down on pre-EU referendum levels. However, its suggested that British exporters have actually benefited from a weakened pound as foreign buyers now preserve UK products to be good value for money, with this trend expected to continue until Brexit has officially happens. Despite some positives for businesses, consumer confidence remains flat, coming in at -4.3 in March s... »