July Sales Up

Latest figures from the British Retail Consortium show that sales on the High Street were up 1.9% in July compared to the same period last year. This will no doubt confound the prophets of doom who predicted the opposite in the run up to the referendum. The difference between these figures and some other far gloomier numbers is that these are based more on reality rather than individuals predictions of what they believe will happen. I still think that one of the biggest dangers the UK economy faces is lack of confidence caused by people talking down our prospects. Of course there will be setbacks and downturns there always are in any economy but we must not talk ourselves into a downturn.