>>Good result all round.
No, not really, you see, some people voted for Brexit because they didn't like straight bananas, some because they don't like foreigners, some because they wanted the UK to be in control of its own laws.
This wasn't the binary option that many think it was. The stay in bit was, but the exit option has so many possibilities and none of them were defined so people didn't really know what they were voting for in the true sense. If the country did then there wouldn't be the need for negotiation, we would just walk away at the end date and "stuff" everyone else.
One of the classics is that the UK will be free to control their laws. Well actually only some of them, because many are governed by international treaty so we have to have them anyway and others are there because without them no one will trade with us if we don't have them (data protection standards, money laundering etc.). Other new trade treaties won't be as generous as everyone thinks - US companies are dying to get their hand on the profitable parts of the NHS and any trade agreement with the USA will include lots of negotiation over that.
Just remember, if we have import duties on many foreign goods it just gives the local suppliers and excuse to increase prices and get richer - the Conservatives did not want to repeal the Corn Laws after all as it kept them rich.
My portfolio count: companies suffering from Brexit is now 37%, capital machinery investment is down over 40% from June 16 and R&D expenditure is down approximately 30% across the board. To give an idea turnover just under £4.2 billion and borrow £340 million across the UK and in all sectors. It isn't going to be all rosy for a while!
Last edited by: zippy on Tue 15 Aug 17 at 14:46
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