Saturday, October 29, 2022

What Impact Is Brexit Having on the UK Economy? - BBC News

Oct 29, 2022 | In his first speech as UK prime minister on Tuesday, Rishi Sunak said he wanted to “build the economy”. But many believe that Brexit is having a severe effect on British finances.

The UK’s trade has dropped in recent years, the pound has fallen considerably against the dollar and business investment is yet to return to its peak in 2016.

While these factors are predicted to be a result of Brexit, ministers have blamed international issues.



Clearly, Rishi Sunak and his cohorts know diddly-sh** about how economies grow. It is impossible to have economic growth whilst at the same time walking away from the largest single market in the world, The Single Market – a market of over 500m potential customers, a market of over 500m consumers. Obviously, these Tory dudes have taken leave of their senses.

We need to get back into the European Union as soon as possible, even if that means we shall have to eat humble pie. Forget the bloody opt-outs and dump the pound for the euro. As businessmen are wont to say: There is no sentiment in business! In any case, the pound sterling has halved in value every decade since World War I. Even in my lifetime, the pound was worth way more than twelve Swiss francs (CHF)—today a pound is worth approximately 1.15CHF and back in the day, even in my lifetime, it was worth 2.8 US dollars. Check this out. As you can see, the pound is rapidly becoming worthless. Wait long enough and one pound will be worth 50¢ and half a Swiss franc!

So, if Rishi Sunak is as smart as tey make out, and if he has the UK’s best interests at heart, if he truly is patriotic, he will get with the story and persuade the sceptics in his party and in the country that we have made a HUGE mistake in leaving the European Union. It was a grave error of judgment. This is Rishi Sunak's real challenge.

Stupid is as stupid does! – © Mark Alexander