AVIVA CEO Mark Wilson said his company has not experienced any bad Brexit effect as British consumers appear to be boosting business rallying behind bigger brands.
Mr Wilson said his company experiences growth “across the board” after Britain voted in favour of Brexit in 2016.
The Aviva CEO said: “We are finding we are getting growth in just about every segment of the Uk we operate in.
“Home insurance, car insurance, pensions, annuities, bulk annuities. We have got growth across the board. We are not seeing Brexit impact ourselves at all, quite the contrary.”
The EY Item Club think tank announced today that it has lifted its UK GDP estimates for 2018 to 1.7 percent, a massive rise from the 1.4 percent it predicted last year.
Its team of economists have also changed their growth stats for 2017, admitting that it was better than they expected at 1.8 percent.
Speaking to Bloomberg, Mr Wilson continued: “In the UK we are seeing 1.5 percent growth, maybe it’s going to be a tick higher than that this year. I think the risk of the market is broadly priced in.
“Maybe in the time of uncertainty people gravitate towards big brands. So we are seeing people maybe being a bit more cautious and saving. I think that’s necessary for the UK.”
Scaremongering rumours claimed the UK would see bankers dash to the continent if Britain voted to leave the European Union and a Brexit vote would subsequently harm the British financial sector.
Last week Professor Graeme Leach, a member of Economists for Free Trade, told Express.co.uk that there is now a dawning realisation that Brexit could be very good for the UK economy, and as this realisation strengthens, so too could the Pound.
He said: “The more the Government articulates an exciting post-Brexit vision, taking advantage of our future economic freedom, the stronger the pound could become.”