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.

Then-Prime Minister David Cameron warned that Britons who voted to leave would risk their Social Security-style pensions. President Obama said Britons would have to “go to the back of the queue” to ink trade deals with the United States.

Now, though, Britain is showing how real free-market economics can correct political mistakes — if, indeed, Brexit was a mistake.

After the vote, the British pound plummeted. Financial traders believed their government’s warnings and ditched the currency.

Before Brexit, one British pound was worth $1.48. Today, it’s worth $1.32. The pound has fallen against other currencies, too. That has meant record visitors to Britain this summer — and tourists spending record amounts of money, too.

In the month before Brexit, airline reservations to Britain were down compared to the previous year, the Guardian reported. After the Brexit vote, they jumped 4.3 percent — and wealthier tourists bought more jewelry and watches.

Other parts of the economy haven’t suffered, either. Consumer confidence and domestic spending are both up. “Retail sales smashed expectations in August,” the Daily Mail noted on Friday. Manufacturing and home-sales reports are well and good.

Of course, Britain hasn’t officially Brexited yet. Whatever trade and immigration agreements Britain eventually signs with Europe and the rest of the world will matter.

But Britain has an advantage: It is a huge buyer of other countries’ goods. Germany sells more stuff to Britain every year than to any other country except one (us).

Were Germany to stop doing business with Britain, it would lose $50 billion of its annual trade surplus — including $18 billion in car sales. The United States, too, is a huge British trade partner. We sell Britain $56 billion in goods and services a year, and buy $58 billion.

Despite Obama’s warning, America isn’t going to cut off trade.

What about migration? Anti-Brexiters are still warning that Britain has harmed its ability to attract top scientists, bankers and the like.

But there’s nothing stopping the United Kingdom from designing a migration policy to attract lots of skilled workers, and as few or as many lower-wage laborers as it likes.

Europe isn’t going to force Britain to take all the low-wage Eastern European workers who apply. France and Germany have too much to lose on trade to stick up quite that much for poorer EU countries’ voters.

Anti-Brexiters also warned of spending cuts, as the country loses EU subsidies on everything from farming to university research. But it’s an indisputable fact that Britain gives more money — $12 billion — than it gets back from the European Union each year.

After Brexit, Britain will be free to spend that money as it likes, including to replace farm and research subsidies.

Voters noticed, too, that being in Europe didn’t save people from Cameron’s illogical budget cuts of the past six years. Despite record-low interest rates, Britain cut back on libraries and raised taxes on consumer goods, adding pain to people who were suffering job and income losses.

Yes, Britain still has problems. Like the United States, it still depends on cheap credit to get people to buy houses and spend money. This — not Brexit — will cause another recession someday.

And workers’ retirement income is at risk — not because of Brexit, as Cameron said, but because private companies and the government have avoided making “required” contributions to pension funds for decades, leaving a $1 trillion-plus gap.

Britain needs better infrastructure. Its commuter trains are a mess — and more expensive — compared to Europe’s.

But these problems have nothing to do with Brexit.

Britain may be dropping out of Europe, but it didn’t drop out of the world. The world still needs Britain, and the airplane parts, pharmaceutical products and theatrical productions it creates.

And Britain still needs the world for the stuff it can’t make or do itself.

The shock of Brexit is that it won’t change much at all — except providing a warning to pols around the world that the voters are at, well, the brexiting point.[/QUOTE]
[url]http://nypost.com/2016/08/28/brexit-is-actually-boosting-the-uk-economy/[/url]

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It's amazing how many pathetic cucks Big Government Authoritatians can lure into their web simply by calling every opposition to their policies "racist."

Luckily if given a chance, the facts will demonstrate what a bunch of scare mongering and sheep herding the Big Government charade is. Sad tho that so many needy, pathetic, desperate social losers like DeuceWallace still need to lean on "omg racist!" as a way to convince people his voice matters and they should pay attention to him when he's otherwise a talentless, testicless scrub.

Shocker.

The UK economy will continue to climb. When the leave process is finalized, it will dip again then then once again will climb back up.

[QUOTE=Akrazotile]It's amazing how many pathetic cucks Big Government Authoritatians can lure into their web simply by calling every opposition to their policies "racist."

Luckily if given a chance, the facts will demonstrate what a bunch of scare mongering and sheep herding the Big Government charade is. Sad tho that so many needy, pathetic, desperate social losers like DeuceWallace still need to lean on "omg racist!" as a way to convince people his voice matters and they should pay attention to him when he's otherwise a talentless, testicless scrub.[/QUOTE]
Anybody who voted AGAINST Brexit is racist. And anti-democracy.

Did they trigger the Article in secret or something? :confusedshrug:

[QUOTE=DonDadda59]Did they trigger the Article in secret or something? :confusedshrug:[/QUOTE]
You are continuing to live up to your moniker as the konex of political predictions :lol

Can't wait for November 8.

How much time do you have left? I know you are keeping track, sport.
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Trump or Farage for Person of the Year.

[QUOTE=Nick Young][IMG]http://i.makeagif.com/media/8-27-2016/lZT4vC.gif[/IMG][/QUOTE]

Brexit... without actually Brexiting.

The best of both Worlds. :applause:

[URL="http://www.cnbc.com/2016/08/11/us-markets.html"]President Trump actually boosting the US economy[/URL] :bowdown:

Patrick Minford is an economist who advised Thatcher's fiscal policy in the U.K and was/is a staunch Leave campaigner. You'd think a man who advised and ultimately created one of the biggest economic booms in our history would be all over the news giving his opinion. But no, he was barely mentioned and unless you sought out interviews and seminars on Youtube or bought his book (Which I did) you'd be lucky to even know who he is.

The truth is the UK economy was garbage before Brexit and still is--not much has changed in that department. Brexit will not solve the problem, and was never about economics; in fact, all the people I know who voted to leave were perfectly happy to go through a few difficult years for the sake of independence. Too many people be confusing means with ends: money and wealth only constitute the former to anyone who isn't a moron.

[QUOTE=Dresta]The truth is the UK economy was garbage before Brexit and still is--not much has changed in that department. Brexit will not solve the problem, and was never about economics; in fact, all the people I know who voted to leave were perfectly happy to go through a few difficult years for the sake of independence. Too many people be confusing means with ends: money and wealth only constitute the former to anyone who isn't a moron.[/QUOTE]
The UK suffers from big statism and a ridiculous welfare state. The NHS is an absolute disaster of an idea. The government being both the insurance company and the healthcare provider. And it's never gonna go because people have been convinced that it's "free".

[I]vintage Nick Young[/I]

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Did you read the article?

1-Britons haven't Brexited yet
2-the pound is down 10-15%
3-the only good news is that because of the weak pound more Brits stayed home and more tourists came. Yay! your now Thailand.

lets revisit this when they actually Brexit for real and see where the pound is, the stock market and their place in the world influentially. See if the US will still let them be their lap dog.

[QUOTE=Nick Young][I]vintage Nick Young[/I]

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Amen.

[INDENT][B][U]'Flash crash' in currency markets as prospect of a hard Brexit clobbers Sterling[/U][/B]

The Pound's problems started with last Sunday's statement by Prime Minister May that Article 50, which will begin Britain

Why is this even a discussion? The exact reforms that will come with the Brexit haven't even started yet. What am I saying? Even the negotiations haven't even started yet. Until the actual Brexit occurs this is all just pure speculation.

And please do not confuse the above statement with being anti-Brexit, I'm quite neutral on the subject.