At least 10% of British citizens are less likely to buy a car, anew home or travel to Europe after the yes vote won the referendum on whether the UK should leave the European Union. This is one of the key findings of the 2016 “Brexit and Trust” research report
Some 10% of participants said the vote had decreased the likelihood for them to carry out home purchases in the next 12 months after the referendum, with the largest declines among those voting to remain (15%).
In the segment of 18-34 year olds voting to remain in the EU, 19% stated they are now less likely to buy a house in the UK.
Other major purchases impacted included large ticket items such as cars (12% less likely to buy) and holidays in Europe (12% less likely to take one).
James Endersby, managing director of Opinium, said, “We’re clearly in a limbo period of uncertainty where businesses and consumers take longer to make ‘big’ spending decisions, or postpone them completely.”
The research is based upon a recent survey of UK adults conducted by Opinium, a UK-based insight agency, in partnership with GRBN, and addresses the impact the Brexit vote has had on a variety of issues relating to trust.
The outcomes of this survey support IMF’s downwarding economic growth outlook for Europe published last 4th October. following IMF’s World Economic Outlook Survey: “Uncertainty following the ‘Brexit’ referendum in June will take a toll on the confidence of investors. U.K. growth is predicted to slow to 1.8 percent this year and to 1.1 percent in 2017, down from 2.2 percent last year.
The euro area will expand 1.7 percent this year and 1.5 percent next year, compared with 2 percent growth in 2015.”
Image over the headline.- Source of the chart, Brexit GBRN Survey 2016 (the image has been adapted by Eastwind). Full Dashboard at https://dapresy.com/brexit-news/
Related external links:
Brexit GBRBN survey 2016
MF Sees Subdued Global Growth, Warns Economic Stagnation Could Fuel Protectionist Calls
IMF World Economic Outlook (Executive Summary)
Related Eastwind links:
