Brexit means Brexit…but what does Brexit mean for the TMT sector?

The markets were gentle on TMT (Technology, Media and Telecommunications) in the immediate post-referendum adjustment. The immediate market reaction in the first week after the referendum on the UK’s membership of the EU led to little change in TMT stocks. This suggests the view was that the TMT sectors were neither significantly exposed to a … More Brexit means Brexit…but what does Brexit mean for the TMT sector?

Can Brexit be the catalyst for UK economic reform?

An uncertain outlook…. The EY ITEM Club Summer forecast sets out how challenging and uncertain the economic outlook is with a significant downgrade in expected GDP growth compared to April’s forecast. Given the likely shock to the economy from the decision by the people of the UK to leave the European Union, this change in … More Can Brexit be the catalyst for UK economic reform?

Political and social uncertainty has economic costs too, time to move forward

Let’s not have a “Neverendum”… In the immediate aftermath of the UK’s vote to leave the European Union (EU), there have been a significant number of calls for a second vote. The press have runs stories about people who either apparently tried to change their votes, as they either didn’t expect the UK to vote … More Political and social uncertainty has economic costs too, time to move forward

Moving forward will require a focus on domestic policy as much as a focus on our relationship with the EU

The UK has woken up a little bleary eyed to find that her people have spoken and the majority of voters have chosen to leave the European Union (EU) – a victory for the Leave campaign. So, what now? After months of campaigning, it is vital that we all accept the result, look forward and focus … More Moving forward will require a focus on domestic policy as much as a focus on our relationship with the EU

A rebalancing and divergent world is hard for business to call

It could go either way… The EY ITEM Club Winter forecast is optimistic about the UK’s ability to withstand the problems in the global economy in 2016. The EY ITEM Club expects continued consumer spending, reasonable export performance in developed markets and business investment to offset any negative effects from the challenges for the world … More A rebalancing and divergent world is hard for business to call

Can the UK consumer hold off the Chinese dragon?

Happy New Year January started with a flow of bad news from the global economy and especially China. Executives reading the press on their return to work would have been rushing to downgrade their forecasts for the year. In fact the mood was so pessimistic that the positive news on US job growth was missed … More Can the UK consumer hold off the Chinese dragon?