18/08/2016 00:00
We had been led to believe that Britain would go into economic meltdown if it voted to leave the European Union. It appeared that Britain´s economic well-being was based on being a member of the EU. But two months after the referendum and the British economy appears to be in relatively good shape. In fact, unemployment fell in July. It is early days and the negotiations haven´t even started yet, but the talk of a premature demise of the British economy appears to be have been just that - premature. There are many important challenges ahead but so far the Good Ship Great Britain is steady as she goes.
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OK you win.Pretty weak spelling on my behalf.
Exactly, week's is correct. But you twice wrote weeks! I was correcting that. ;-)
Sorry, no prize for that one. I think you will find that "week's" is correct, but I will let out more scholarly readers pass judgement on that one.
week's ;-)
Hi Sara,The DB editorial staff sometimes ask me to make obvious mistakes to see whether their readers are paying attention and have got their wits about them.Congratulations, you have won this weeks prize.Next week´s prize will be bigger than this weeks.Simon
"The UK is too bigger market to lose"? LOL! Where did you learn your English Simon?!
Ron,They may have to import components, but the important question is how many of these components are part of the finished product ?You are automatically presupposing that component manufacurers will not drop their prices to maintain sales. The UK is too bigger market to lose. Apple and ZARA to name just two, manufacture most, if not all of their goods abroad and still make excellent profits, even after having to deal with fluctuating exchange rates. And finally, who is going to guarantee that the Euro doesn´t collapse when the real truth about the economies of Italy, Greece, Spain and France begin to appear.
Nothing will change for all the Countries and businesses that deal with Great Britain. The 'REMAIN' campaign was flawed with scaremongering, which is why Cameron got out.( Because he wanted out, saying he did not want another term of office.) The Banks and economic organisations that control, and affect the Euro exchange rate, have OVER REACTED as usual. Their over reaction, causing the reduction in the euro rates, is becoming a serious concern to Tourism throughout Europe. The rate will gradually recover, as very serious political pressure will be applied, on the Financial organisations and Markets;- Where Countries are now beginning to feel the effects, of a larger reduction in revenue, from their Tourists.
How on earth can the exchange rate be good for exporters when the CBI has published data showing that the vast majority of them have to import components for the goods they produce.Components which, of course, are now 20% more expensive.