London Daily

Focus on the big picture.
Saturday, Sep 13, 2025

Leaving EU behind! Brexit Britain on brink of historic post-lockdown growth surge

Leaving EU behind! Brexit Britain on brink of historic post-lockdown growth surge

BREXIT Britain is on the cusp of achieving historic post-lockdown economic growth, economists have predicted.

While Brussels' botched handling of the pandemic has kept the Eurozone in crisis, the UK’s recovery is within touching distance. As Boris Johnson continues to ease the UK’s lockdown, there are several indicators pointing to this poised economic explosion, according to top accountancy firm Deloitte.

In a survey it found that chief financial officers are more optimistic about the future than at any stage in the last 13 years.

This appetite for spending is the highest on record with plans for staff and capital already in place higher than at any point since 2015.

“The increase in hiring expectations is the largest ever such increase [in our survey],” said Ian Stewart, chief economist at Deloitte.

Mr Stewart believes this could lead to a “golden scenario” of rising demand due to the huge build up of savings during lockdown, met by rising supply, defeating inflation.

Brexiteers celebrating leaving the EU


Meanwhile, revenues are expected to rise over the next six months to the highest spike in six years, research by the Federation of Small Businesses has found.

All of this has led investment banking giant Goldman Sachs to defy Brexit naysayers and set up shop in Birmingham.

Its engineering division will move to Britain’s industrial heartland and employ several hundred staff - significantly increasing its staff numbers.

Richard Gnodde, Goldman Sachs’ chief executive officer said: “We see tremendous opportunity to enhance our UK presence and continue delivering for our global clients.”

Boris Johnson is making a success of Brexit


The news emerged as the UK’s job market hit a three-month high in March, according to BDO.

NatWest recorded a similar trend with firms hiring before lockdown began being wound down.

Despite causing many economic problems, coronavirus lockdowns have also caused many to save money.

These pent-up savings were described as a “coiled spring” by the Bank of England’s chief economist which will be released as the lockdown eases.

Ursula von der Leyen's vaccine rollout has lagged far behind the UK's


Investment bank Morgan Stanley shares this belief and estimates that £170 billion worth of savings have been accumulated, which equates to almost a tenth of UK GDP, during lockdown alone.

This will be welcome news to the hospitality and entertainment industries - which have been hamstrung by months of on-off lockdowns and social distancing measures.

And it will be music to the ears of chancellor Rishi Sunak - whose hopes his financial stimulus packages will revive the economy before he begins raising tax and cutting spending to pay for the cost of lockdown.

The survey was released as the latest GDP data showed the UK rebounded at the start of the year - following the Christmas lockdown.

Brexit Britain can thrive out of the EU, according to the survey


UK economic growth as a whole is 0.4 percent, a 2.2 percent rebound after the January saw GDP contract.

“There is much reason for optimism. Consumers have enthusiastically returned to the high street, glasses have been raised to the opening of outdoor dining and drinking as restrictions ease and the vaccination programme continues at pace,” said Emma-Lou Montgomery, associate director at Fidelity International.

“This all points towards a positive direction of travel for the UK economy.”

Newsletter

Related Articles

0:00
0:00
Close
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
×