This month there was not much movement across both economic and political measures as the UK took a breather after the trials and tribulations of March and April. A welcome period of stability, you might say.
David West
David West is a qualified management consultant with decades of global business experience in the vendor community. Five years in the FP&A solutions space provided strategic and practical experience, where he worked on advanced client implementations across sectors. He has moderated and spoken about finance, people and technology at events and conferences.
Author's Articles
This month the Accountagility Index (AAX) moved up six basis points to 5.09. Last month it was 5.03. The Index records UK political and economic health in a score out of ten. Any score below 5.00 is negative. Given the torrent of bad news, this move upwards may seem counter-intuitive.
There have been two opposing forces at war in the UK for a while now. Pulling the Accountagility Index (AAX) down is anxiety about Brexit, which is reaching fever pitch in the current febrile political climate. Keeping the score up on the other hand, is the surprising and reassuring underlying strength of the UK economy.
After the excitement of the past two months, when the Brexometer has been jumping up and down like a mouse on a trampoline, this month sees a more stable situation. The reading has risen by just two basis points from 4.95 in December, to 4.97, a small rise, but still below the parity level of 5.00.