2 datasets found
  1. Forecasted economic effects or a no-deal Brexit on the UK economy in 2018

    • statista.com
    Updated May 7, 2025
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    Statista (2025). Forecasted economic effects or a no-deal Brexit on the UK economy in 2018 [Dataset]. https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
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    Dataset updated
    May 7, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2018
    Area covered
    United Kingdom
    Description

    This statistic presents the forecasted percentage change a no-deal Brexit would have on major economic indicators. In this scenario the United Kingdom's GDP is estimated to fall by eight percent, with house prices also predicted to decline by as much as 30 percent.

    While a deal between Britain and the European Union was reached in November 2018, the deal must survive a parliamentary vote in order for it to be implemented. In the event that the vote doesn't go through parliament a no-deal Brexit would be the default scenario.

  2. Online Hardware & Tool Retailers in the UK - Market Research Report...

    • ibisworld.com
    Updated Nov 15, 2024
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    IBISWorld (2024). Online Hardware & Tool Retailers in the UK - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-kingdom/market-research-reports/online-hardware-tool-retailers-industry/
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    Dataset updated
    Nov 15, 2024
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2014 - 2029
    Area covered
    United Kingdom
    Description

    The increasing uptake of online retailing has supported the online hardware and tool retailers industry, giving online retailers an edge over traditional bricks-and-mortar establishments. Over the five years through 2024-25, revenue is slated to swell at a compound annual rate of 4.7% to £3.9 billion. The COVID-19 pandemic drove a sharp uptick in online retailing – online stores were the only way people could get hold of non-essential items at the peak of the pandemic. At the same time, the combination of more time spent at home and a lack of places to spend money caused household spending on home maintenance and repair to rise, driving a significant hike in industry demand over 2020-21 and 2021-22. However, the cost-of-living crisis has hampered the market and squeezed household spending on home improvements in the years since – that's why revenue dropped in 2022-23. Subdued investment in construction, infrastructure and housing has led to a stagnation of revenue in 2023-24 and 2024-25, with construction firms cutting spending on new tools as a result. Over the five years through 2029-30, industry revenue is expected to increase at a compound annual rate of 4.6% to reach £4.8 billion. Disposable incomes are anticipated to grow over the next five years, starting on the road to recovery from their steep decline during the cost-of-living crisis. Consumer confidence is also expected to rise as Brexit uncertainties fall away and the cost-of-living eases. For similar reasons, UK construction activity is projected to grow and more people will take up household renovation projects. Online retailers are expected to work harder to steal lucrative professional clients and large contracts away from wholesalers and bricks-and-mortar stores.

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Share
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TwitterTwitter
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Click to copy link
Link copied
Close
Cite
Statista (2025). Forecasted economic effects or a no-deal Brexit on the UK economy in 2018 [Dataset]. https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
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Forecasted economic effects or a no-deal Brexit on the UK economy in 2018

Explore at:
Dataset updated
May 7, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2018
Area covered
United Kingdom
Description

This statistic presents the forecasted percentage change a no-deal Brexit would have on major economic indicators. In this scenario the United Kingdom's GDP is estimated to fall by eight percent, with house prices also predicted to decline by as much as 30 percent.

While a deal between Britain and the European Union was reached in November 2018, the deal must survive a parliamentary vote in order for it to be implemented. In the event that the vote doesn't go through parliament a no-deal Brexit would be the default scenario.

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