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|Comment from Just Mortgages re: inflation report|
|Friday, 04 November 2016|
John Phillips, group operations director of Spicer Haart and Just Mortgages says, “With the economy performing better than expected after the EU referendum and with employment and wages remaining high, it is no surprise that the Bank is leaving interest rates unchanged, for now.
“Of course it is still too early to predict the kind of Brexit deal that Britain will end up with. In fact, we are still experiencing some uncertainty that is continuing to overshadow the UK economy including this morning’s announcement that the government cannot trigger Article 50 on its own.
“However, despite previous warnings that the economy would suffer a severe post-referendum crunch, the market appears to be resilient, and the near-term outlook for activity is much better than it was just after the referendum. I am remaining cautiously optimistic that our flexible economy will ultimately help us to navigate our way through the Brexit process.”
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