| Topic: | Re:Re:Re:Re:Pound hits new low on Brexit nerves | |
| Posted by: | Alan Clark | |
| Date/Time: | 06/07/16 16:11:00 |
| No company is going to make a rapid decision as nothing has yet happened. But the referendum will make it difficult for parliament not to ratify the vote and put the steps in motion to leave the EU. Once the UK leaves, it leaves for good. As that exit happens you will get companies switching investment and employees from the UK to EU. No-one Is saying they will move this week. And exactly which media report have you seen that says all global companies are leaving the UK? I've not seen anything of the sort in the media. But all the markets and all the economic indicators are predicting a major economic impact for the UK from leaving. And this is not a sort term recession. This will grind out for the two years it will take to formally exit ... then grind down even more until it is clear what sort of economic powerhouse (or not) the UK is outside Europe. And if the balance of payments, the national debt and the level of personal debt go the way its predicted - then not much of a powerhouse at all. You ask - what am I as a doom merchant (or, rather, a simple forward thinker) going to do now we are in this pickle? (1) keep trying to avert this foolish exit; (2) ask what those who voted to leave are going to do about the mess they've got us in. |