There has little effect of Brexit on the UK economy according to the Office of National Statistics (ONS). Chief economist, Joe Grice, says that “The referendum result appears, so far, not to have had a major effect”. The statistics would suggest the UK economy has been like a yo-yo in the past few months with sectors growing one month before falling the next. With encouraging news across the board, Phillip Hammond, the chancellor, said “I am confident that we have the tools necessary to support the economy." However, it is worth reminding everyone that Brexit has not yet occurred and many of the details are yet to be worked out.

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