I wouldn't put too much trust in the IMF, Tavers. It was roundly slammed for its disastrous intervention in the Asian crash in 1998. Just made everything worse. I know : I was here.IMF predicts that the U.K. economy in the first two years after Brexit will grow quicker than The Eurozone. Weird.
Jeez. That will be hard signing the forms to become a member of the Labour Party
Plenty of UK firms are also opening a branch in the EU, Dublin mainly. Mitigates the loss of access to the larger market, and they’re doing the same in a much smaller market.Its funny how quickly Business adapts to a democratically arrived at political reality.
Over 1000 EU financial firms planning to open UK offices after Brexit
More than 1000 banks, asset managers, and insurers from the EU are planning to open offices in post-Brexit Britain to continue to serve UK clients.www.cityam.com
For what it's worth I think now business has clarity they can adjust to the new rules/regulations. It will be difficult for some there is no doubt but I feel the last three and a half years of uncertainty did more damage to business confidence than anything else, All they wanted to know was when the actual date of leaving, They know now and can plan for it. The two false starts and constant impasse of the HOC must have been a stone round their neck. Whatever happens from now on business not politicians will be the people who will make a success or not of Brexit and those in charge should listen to them
Certainly true - I think what Tavy was in particular alluding to was the Armageddon situation painted during the referendum campaign, which at one point said a vote to leave (not actually leaving - a vote to leave - although it was presumed A50 would be triggered on June 24th) would lead to a shrinking of the economy of around 8%. Not reduced growth, a shrinking. Now even the doomsday scenarios which relied on very flawed metrics suggested growth (albeit weaker than their predictions should we have revoked). These latest predictions from the IMF - and I agree with Mike (shock horror) that these should be heavily caveated - show us not only still growing, but outperforming the Eurozone. The UK has remained extremely fertile ground for inward investment hashtag despitebrexit.
I'm hoping so too. I must admit I'm nervous about Brexit, We've gone through nearly a decade of austerity that really impacted on my family and I don't think I can take more of it because of "Whims" of well off people who wouldn't be impacted if things go tits up, That is why I listen more to business people than politicians because they're on the front line in all this
Yes, unlike many of your Tory ministers over the last 10 years. How dare many of them not have resigned, starting with Grayling, of course..
