none
none

BRITISH UNEMPLOYMENT CLAIMS DROP DESPITE BREXIT FEARS

18-08-2016
by 
in 

Despite fears of a post-Brexit plunge in the British economy, unemployment figures have begun to fall for the first time since February, despite an upswell in EU worker immigration.

This data swings the balance against fears of an immediate recession, and of fears about a massive drop in the economic confidence of UK residents.

Predictions about the post-Brexit economy were pessemistic all around, even from some sections of the Leave campaign, who predicted an initial drop in the economic power of the UK, which would later be followed by steady growth.

In total, unemployment has dropped to its lowest rate since 2005, and employment has reached its highest point since 1971. Both of these developments signal strong confidence in the future of an independent UK.The Confederation of British industry has remained cautious.

"...businesses now need the Government to make ambitious decisions in the Autumn Statement that will secure the UK’s economic future as changes to trade, regulation and access to skills loom on the horizon,” said Anna Leach, CBI.

Despite future concerns that the UK must contend with, including rising inflation and the negotiation of numerous trade deals, UK residents appear to have confidence in their government and economy.

While further data points are needed to track the full extent of changes in confidence, this initial data shows an optimistic outlook.

Related news & editorials

  1. 16.11.2017
    16.11.2017
    by      In
    Beacon Lighting is well on the way to substantially reducing its carbon footprint as its partner Upstream Energy nears completion of a national solar project spanning more than 70 stores and saving millions of kilograms of carbon emissions each year.
    Upstream Energy developed a proposal to deliver... Read More
  2. 16.11.2017
    16.11.2017
    by      In
    The Brisbane company Nordon Cylinders is well aware that it has a key role in keeping the wheels of industry turning. However, its customers at home and abroad require hydraulic cylinders from tiny to humungous, and they don’t always want them today – sometimes, they want them yesterday.
    At its... Read More
  3. 16.11.2017
    16.11.2017
    by      In
    Wiivv Wearables is on a mission to make body-perfect gear accessible to the masses. Its flagship product, a custom shoe insole, has proven to be a good first step and uses a combination of customer-collected smartphone data and 3D printing to feed its design and manufacturing process.
    According to... Read More
  4. 14.11.2017
    14.11.2017
    by      In
    Good use is being made of the now-closed Holden manufacturing plant in South Australia, as a series of generators has been installed in to supplement the state's power grid during the incoming high-demand summer period.
    The diesel generators have been set up at the former Holden manufacturing plant... Read More