Everitt Lawson Group: Brexit Impasse Takes Toll on UK Economy

Everitt Lawson Group reports housing and labour markets suffer in the face of prolonged Brexit
uncertainty.

Taipei, Taiwan, May 13, 2019 --(PR.com)-- Just two days before the original Brexit departure deadline,
European Union leaders agreed to a “flextension” of the deadline with a compulsory review scheduled for
the end of June to determine the state of play in UK negotiations.

While many breathed a sigh of relief at the news of the extension, the UK economy is showing signs of
strain as the prolonged uncertainty over Brexit's outcome takes its toll.

According to a recent survey, UK businesses' demand for employees increased at the slowest pace in
seven years last month. Everitt Lawson Group analysts have warned the UK labour market, which is
usually a strong point, could be starting to lose its momentum.

The same survey revealed that salary growth was also slowing, echoing sentiments expressed by the Bank
of England last week.

Everitt Lawson Group analysts say the prolonged uncertainty surrounding Brexit could cause the UK
labour market to stall as both job seekers and employers wait to see what the eventual outcome will be.

The UK housing market is also suffering with April offering little encouragement that a recovery is on the
horizon. The number of properties being placed on the market fell at the fastest rate since 2016 and
property prices in London have decreased as Brexit uncertainty plagues the country's capital.

According to the Bank of England, UK lenders reported that the number of approved home loans in
March had reached its lowest point in almost 2 years with consumer borrowing also declining sharply as
Brexit anticipation set in.

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Contact Information:
Everitt Lawson Group
Matthew Flyn
011886277417927
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