Sterling dropped to 31-year low
Recruitment firm, Hays, has had its company significantly weaken after Brexit, with the firm having to make employment cuts of 8%.
The value of the sterling has dropped to a 31 year low, with the pound down 7% against the Euro.
Housebuilder Berkeley Group drops out of the FTSE 100, to be replaced with Polymetal, a Russian gold and silver mining company. Even rival companies have expressed concern that their businesses have now been exposed to weakening after Brexit.
The Bank of England claims that mortgage approvals are at their lowest since 2015.
Lloyld’s Banking Group has had to axe 3,000 jobs and close 200 of its branches following Brexit.
Taylor Wimpey, Persimmon, and Barratt, three of the UK’s biggest building firms, have become the worst-performing major companies since Brexit.
The Office for National Statistics has undergone research showing that the deficit is set to rise in the fiscal year of 2017.
The Market’s Purchasing Index shows that business activity in services industry has had its biggest decline since 1996.
The market researchers Gfk record that in July the UK has seen the biggest fall in consumer confidence for more than 26 years.
Brexit forced David Cameron to resign, leaving other countries to show a divide within our own nation and making the very foundations of British politics turbulent.
With Northern Ireland’s exports to the EU nations as high as 56% pre-Brexit, concerns grow amidst fears that Brexit will force farms to shut down in the country. The Common Agricultural Policy recorded that a farm in Northern Ireland receives around 90,000 euros worth of aid from the EU. Following Brexit, farmers in the country are set to make no profit and are pre-warned that they may lose their farms.
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