Daniel Vernazza

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Daniel Vernazza is associated, including U.K. and UK. Most recently, Daniel Vernazza has been quoted saying: “It will take time for the consumer to be hit, and it will come in two ways. It will come through in higher prices, and passed on through higher import prices as a result of the weaker sterling and it will come through reduced confidence, which will come after we see job losses probably. We haven't seen any job losses in the mass yet, but over time we should start to see that, and unemployment will start to rise and then consumer confidence will be hit.” in the article Pound's Brexit vote battering continues. An other article where Daniel Vernazza has been quoted is Britain takes unprecedented step to leave EU; markets plunge.

Daniel Vernazza quotes

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There are now clear signs of softness in the labour market following the vote to leave the EU.

It will take time for the consumer to be hit, and it will come in two ways. It will come through in higher prices, and passed on through higher import prices as a result of the weaker sterling and it will come through reduced confidence, which will come after we see job losses probably. We haven't seen any job losses in the mass yet, but over time we should start to see that, and unemployment will start to rise and then consumer confidence will be hit.

Uncertainty is bad for business. A sharp fall in U.K. risky asset prices, delays to investment, disruption to trade, and a loss of business and consumer confidence mean the U.K. economy is more likely than not to enter a technical recession within two years.

It will usher in a lengthy and possibly protracted period of acute economic uncertainty about the U.K.'s trading arrangements.

It looks very unlikely right now. There is little, if any, spare capacity in the UK economy, and employment growth remains robust.

Brexit could generate a UK balance of payments crisis. It's an illusion to think that the UK can retain access to the single market and have more flexibility.

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