Weekend newspaper review: GBP slide doesn’t mean strong economy- Monk Communications

In today’s weekend newspaper review, Tony Cross, CEO, Monk Communications joins Tip TV’s Zak Mir to discuss key business/finance news reported over the weekend. He is joined by tip TV’s Zak Mir.

Cross sheds light on why weak Cable and the resulting rise in imported demand (rise in exports) is welcome news but would not be able to push up UK’s economic growth. Tip TV viewers are well aware of the inflationary impact of the weak Sterling and the resulting possible drop in consumption (and growth).

The second major news is Software giant Misys decision to slash the value of its blockbuster float by up to 30%... Experts are calling it as a sign of Brexit vote stress. The show concludes with Mir and Cross talk about the fact that Nissan has been given assurances by Theresa May that trading conditions for its Sunderland car plant will not change after Britain’s exit from the EU.