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  1. #11
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    Quote Originally Posted by Muddy Retriever View Post
    I seem to remember some "sound" advice that warned us that if we voted to leave the economy would go into immediate recession and that unemployment would increase by between 500,000 and 800,000 in the next two years - such would be the effect on investment and business confidence.

    How did that work out?
    That didn’t happen because big businesses were immediately given big reassurances that we would strike a deal with the EU. In fact didn’t Nissan get promised a massive back hander too? That and the fact that, with sterling plummeting in value, the overseas earnings of the big companies making up the FTSE100 index, those earnings earned in foreign currencies, actually went up when patriated to the U.K. Oh and interest rates were immediately cut to the bone.

    Of course, the tories then slowly realised that the EU would call them out on their one and only negotiating point, the threat of a no deal. No deal hammers us the most and will cause many big U.K. based businesses to move overseas to continue trading with the EU. See what will happen to the U.K. economy then 😉

    Dyson announcing his move to Singapore almost on the same day that Singapore struck their trade deal with the EU is a fantastical example of how businesses work. And that’s a big brexiteer’s business saying screw you UK🤔
    Last edited by Stolly; 26-02-2019 at 07:35 AM.

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