Economic Mirage or Resilience

Sep 26, 2016 | Executive Comment

The mood in London has definitely shifted.

Wheras in the immediate aftermath of the referendum the mood was shock and in some cases, despair, now it is shifting to defiance. The prevailing attitude is that British Business will endure and will succeed. The modus operandi is to talk up Britain and make the most of the situation.

Meanwhile we are not seeing the massive uptick in vacancies that we would be expecting for this time of year, meaning that arguably, major investment into hiring is being deferred for now, which will have knock on effects to the wider economy next year.

Hard to reconcile the two perspectives.


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