Originally Posted by
petit plateau
Brexit referendum starting gun fired Jan 2013 by Cameron (A), actual referendum June 2016 (B). The subsequent slides are not currency fluctuations that we are observing, this is what an economic disaster looks like with industry and finance quietly leaving the UK as a consequence, along with their tax base. The simple fact is that largely because of Brexit the UK cannot afford to fund the defence strategy it aspires to. This has long been a problem but Brexit has broken the camel's back. And it gets a lot worse from here on in, as the automotive industry is making painfully clear.
https://apnews.com/article/europe-ge...4169ef92c4f386
https://tradingeconomics.com/united-kingdom/currency
Industry and finance are NOT “quietly leaving the UK” in fact the opposite is true.
Whilst not in any way disagreeing that Brexit has been bad ( I voted remain and haven’t changed my mind) I still, in my semi retired state, do some commercial M&A (Mergers and Acquisitions) due diligence and commercial terms work, and since 2021 there has been an astounding amount of inward investment in UK industry with German, French and Spanish companies opening new manufacturing operations and expanding existing facilities, along with the usual US, Japanese and Indian UK investment.
Added to a healthy investment environment from established UK majors, the UK industrial and financial scene is remarkably resilient and healthy, despite Brexit.
If that last minute trade tariff and quotas agreement had not been reached then it would indeed have been a disaster!