Brexit boost: UK economy to surge as Boris’s election victory ends ...

A survey of the service industry found that the sector had stabilised in December under Boris Johnson leadership. Boris Johnson has repeatedly pledged to get Brexit done and following his election victory in December, now has the mandate to do so.

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In the survey conducted by the IHS Markit and the Chartered Institute of Procurement and Supply, showed business optimism in the service sector had surged to its highest level since September 2018.

Furthermore, companies reported the quickest rise in new work taken up since July.

The measure of activity in the sector - the purchasing managers’ index - also saw an increase.

Last month, the index rose to 50 after sitting at 49.3 in November.

Boris JohnsonBrexit news: UK economy surges under Boris (Image: GETTY)

Boris JohnsonBrexit news: The service industry has picked up (Image: GETTY)

Tim Moore, economics associate director at IHS Markit said: “The modest rebound in new work provides another signal that business conditions should begin to improve in the coming months, helped by a boost to business sentiment from greater Brexit clarity and a more predictable political landscape.”

In addition, The Institute of Directors which polled almost 1,000 of its members the day after the election found optimism among bosses had hit a three year high.

The survey of approximately 650 service sector companies ran between December 5 and December 13.

In light of the positive survey results from the UK service sector, Mr Johnson will host European Commission president, Ursula von der Leyen will travel to No 10 this week.

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Boris JohnsonBrexit news: Mr Johnson will push his deal through this week (Image: GETTY)

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