Update: June 2017 – Retail

With face-to-face talks with the EU having begun, it is still unclear whether or not the General Election result, which clearly weakened Theresa May’s negotiating mandate, will lead to a softening in the Government’s Brexit stance. The prospect of a prolonged period of domestic political uncertainty and risks weighing on economic activity, coupled with the strong performance of the economy and the resilience of the property market following the EU referendum – widely regarded as a bigger shock – suggests that the scale of the threat may be limited.