The Brexit and probable recession won't stop this way you can make money : UK Evening News

The Brexit and probable recession won't stop this way of making money

author simon bond2
Jul 7th, 2016 11:41:13 am
by Simon Bond
Financial Analyst


Brexit anxiety could precipitate a large enough reduction in consumer and business spending to tip the UK economy into recession

Britain faces an uncertain future

At the time of writing the Brexit vote has wiped nearly £100 billion off the FTSE. Stocks in British banks have also slumped amid fears of a new recession. As a country our financial future has never been this uncertain.

Any extra money you can earn will become more important than ever. If a recession does hit you need every penny you can get. Luckily there is one way of making money not effected by the historic Brexit vote.

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Recession fears loom large

Fears of a recession continue to grow as markets continue to react in a volatile manner.

"These uncertainties pose significant risks for the investment outlook," said Larry Hatheway, chief economist and head of multi-asset portfolio solutions at GAM. "Against the backdrop of an already slowing UK economy, Brexit anxiety could precipitate a large enough reduction in consumer and business spending to tip the UK economy into recession."

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