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| No they weren't. They were based simply on the result of the vote. Besides, Article 50 has been invoked for a year now and there's been minimal effect. £ has recovered to highest levels since the vote. Employment is at record highs. GDP growth has had to be revised up.
With so many variables it is impossible to make forecasts as to what the outcome of Brexit will be and these reports need to be taken with a pinch of salt. | |
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Uncertainly is already dragging down the U.K. economy, which is now the slowest growing in Europe and the G7.
Foreign automakers, British banks and thousands of companies are urging Prime Minister Theresa May to provide clarity about future trade with the European Union.
"There is no room for continued ambiguity as companies make investment and hiring decisions," the British Chambers of Commerce wrote Wednesday in a letter to May.
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