Not an easy question to answer because the situation keeps evolving.
Today interests rates go down to an all time low of 0.25%. There was the news that there is a 50% chance that the UK will go into recession and foreign currency rates have slipped making us cheaper for foreigners and the “staycation” effect will kick in as people find it too expensive to go abroad.
The UK is a much more interesting prospect for foreign visitors since the Brexit vote and the drop in the exchange rate. Hotels and tourist resorts will benefit and all the attractions around the country will do good business.
Considering the amount of tourism that goes on in this country verses manufacturing it could actually bode well for the economy.
I just hope the press do not talk us into a recession….
There is still great opportunities in the market place, it’s just going to take a little bit more effort to get them.
