News | Richard Gyde, Managing Director
2019 promises to be an interesting year! In or out of Europe? Paying silly money in the £billions to the EEC whether we stay or go, and £billions in overseas aid. You’ve set your budget for your business: what do you think 2019 will do for you, your business and the country?
We’re taking a cautious approach to 2019 at Mila and setting our budget based on a no deal Brexit scenario. Without any clear indication yet of what kind of deal, if any, will be reached, we think it’s prudent to be cautious but still optimistic.
My biggest concern is the housing market which so much of this industry depends on. I don’t think we’ll see anything like the 35% drop in prices which Mark Carney has warned about in the event of no deal, but even the current uncertainty is having a negative impact on house prices and on the number of homes for sale.
We will also of course have to watch and see how the money markets respond because any fall in the value of the pound could affect prices here in the UK.
At Mila, we’ll be doing much as we did in the downturn after 2008 – focusing our investment into new products which will give our customers a competitive advantage and concentrating on the outstanding service they like so much.