{{
`${userDetail.user.displayName}${userDetail.user.cachedBungieGlobalDisplayNameCode ? `#${standardizeBungieGlobalCode(userDetail.user.cachedBungieGlobalDisplayNameCode)}` : ""}`}}
{{getUserClans()}}
Edited by Onion Beetle Fan:
8/30/2016 1:56:15 AM
34
Brexit Is Actually Boosting The UK Economy
[quote]Two months ago, the world’s wise men were warning that if UK voters decided to “Brexit” from the European Union, they’d rain down economic crisis. Guess what? Today, Britain is fine — and has even seen a boost from its “Leave” vote. The International Monetary Fund, central-bank chiefs, academic economists — you know, the people who study the economy for a living — said Brexit would be a disaster.[/quote]
http://www.realclearpolitics.com/2016/08/29/brexit_is_actually_boosting_the_uk_economy_390201.html
-
1 ReplyEdited by Flee: 8/30/2016 10:08:56 AMThat is a pretty poor article. The UK hasn't even left the EU yet and all of the catastrophic predictions were based on Cameron's promise that they would trigger article 50 the day after the referendum. The incredibly hot summer, excellent weather and low pound is what helped the economy, while the general consensus appears to be that we'll be seeing the damage in the near future. Inflation is up, the Bank of England has been forced to adopt a massive stimulus package and drastically cut interest rates to the lowest they have been in 300 years in order to help the economy, permanent job openings are falling, import and manufacturing prices are up, housing is down and both consumer and business confidence are estimated to be decreasing. If anything, the only thing this article illustrates is that the referendum (just the vote, not the actual Brexit) hasn't had terrible consequences for the short term economy. It tells us nothing about the actual Brexit, which is still ages away, or the medium term economic damage.
