After Brexit-settling election, firms see business bounce

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After Brexit-settling election, firms see business bounce GlobeBusiness

'For three years we were stuck in a rut of indecisiveness,' Bruderer U.K. managing director Adrian Haller, seen here on Jan. 24, 2020, said. 'Once the election happened, there was a massive sigh of relief.'At Bruderer U.K., a small firm selling metal-stamping machines from an industrial estate just north of London, business kicked into high gear right after Prime Minister Boris Johnson’s big election win last month.

That would represent a victory for Britain’s Brexit supporters and possibly inspire eurosceptics within the EU. “January is usually synonymous with a very, very slow start to the year. Now, we’re only three weeks in but our feet have not touched the floor,” Haller said. However, it remains to be seen if the world’s fifth-biggest economy really is emerging from the near standstill of late 2019. In the medium term, few investors expect British growth to speed up much from its current pace of just over 1% a year.

House-builder Berkeley is ramping up construction while Countryside Properties reported a record forward order book. Pub chains said they had a good Christmas even if supermarkets have reported little change in demand.

 

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globebusiness The only thing that will hurt the UK is a vindictive EU...and there’s no need for it...other than to punish a country trying to re-claim its sovereignty.

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