Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Good news - post Brexit | |
Posted by: | Paul Morris | |
Date/Time: | 20/07/16 13:43:00 |
The irony is that the latest unemployment data underlines the fact that the economy was pretty robust before the vote, not without some real issues but strong headline GDP growth, low unemployment and rising wages. Initial surveys suggest activity has held up OK for now, but a lot of uncertainty on a 12 month view which will begin to impact on bigger decisions. Despite claims that the UK has somehow been 'stifled' by EU membership, there is no evidence of this whatsover, with the UK one of the best performing of the major economies (despite major spending cuts). The reality is that the EU takes 45% of our exports and the commonwealth toghether 10%, with the eurozone also now showing signs of a recovery. Just at the point where the UK might have really started to feel the benefit of that, we plan to make it mch more difficult to trade with EUrope by leaving the single market. Noone at this stage knows how that will play out. Huge area of the UK economy also rely on migrant labour to function, especually agriculture and parts of the service industry. Succes on these areas is not compatible with brining migration down to 'tens of thousands', nor is addressing the chronic shortage of staff in social care and the NHS. |