Fewer new jobs, falling real estate prices: Even now show the consequences of the Proposed referendum on United Kingdom membership of the European Union-vote – and bring back memories of times of crisis.
It is still less than two months ago that the British decided to leave the European Union. Many influential institutions and politicians warned the country faces such a serious step. And now shows that these warnings were justified: The Proposed referendum on United Kingdom membership of the European Union – then now looks much out – will weaken the British economy. Several leading indicators that have been published in recent days, showing values that were last seen in times of financial crisis. Translated into the reality they might mean: UK loses money, the UK loses influence and the UK loses Jobs
British labor market breaks
companies presented in July significantly less staff a.. The number of newly advertised permanent jobs, according to the Recruitment REC declined so much as since 2009 no longer. At the time, Britain was fighting just like other countries with the consequences of the financial crisis, which has become a global economic crisis. “The labor market has experienced a dramatic free fall in July,” says REC CEO Kevin Green. “The economic turmoil after the vote for a withdrawal of Britain from the European Union are undoubtedly the reason.”
One problem is for businesses especially the uncertainty. Nobody knows yet if and when it really comes to a withdrawal from the EU in the country. Uncertainty paralyzes the economy. Many companies delay investment and provide new employees rather just limited one, as long as they do not know what will happen in the coming months and years
companies get fewer orders
many companies already go a few orders. This shows an important purchasing managers’ index, which is compiled regularly in the UK. He broke in July an increase since three years no longer. The index fell by 4.2 points to a value of 48.2. A reading above 50 indicates growth, whereas a value below 50 on the other hand an economic downturn. An estimate was previously only predicted a decline to 49.1 points.
The value imposed Institute Markit is an important early indicator of the economic situation of the manufacturing companies. They manifest themselves, for example, to the number of their orders and therefore give a forecast for the development of the economy from. Such a low value indicates that the industry has to adjust to a lower order situation.
has a positive effect only the cheap pound from. The currency has lost since the Proposed referendum on United Kingdom membership of the European Union-vote massively in value. This reduces the cost of exports. One reason why the FTSE100 – the British equivalent of the Dax – has even risen since June 24. Because in the Index, many export-heavy companies are listed.
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