as for Brexit, the pain is still coming ... the £ will never get back to where it was, and the effect of that loss of value has not been felt yet, but it will manifest itself with a thump ... cost of goods will increase, because a devalued currency dictates this happening ... this means that whatever we import is going to increase in price, and have a good look at what we import, because it's a fcuking lot of stuff ... this will affect inflation, which will naturally have to increase ... there is a threat of deflation right now because the BoE has painted itself into a corner thanks to bottoming out on interest rates, and it's trying to avoid interest rate increases to help fight inflation
the banks have been given extra money to lend by the BoE, but there's not enough people out there who qualify as borrowers, so that move hasn't helped ... if the banks aren't lending, then they aren't making money ... Brexit is still to hit, but the effects have already started a slight tremor, and the earthquake is waiting to happen ... the only hope for the UK is that Theresa May manages to agree a really strong deal for us, but right now there is a lot of opposition across Europe to keep the boot on the UK's throat, and rightly so ... if a tough deal forces the £ down further and strengthens the Euro, then that is what European leaders will push for ... they would like nothing more than to see the major corporates and banks leave the LSE for Frankfurt ... if that happens, a massive chunk will be taken out of the UK's GDP that can never be replaced, and the consequences would be catastrophic ... the UK economy is propped up by those fcukers in the City, and if that money goes, trouble
the same can be said for the US, where they would welcome a weakened £ and stronger dollar ... don't for one second think that Trump won't do his best, if President, to drive down the value of our currency ... think how many more golf courses he could buy and convert for rich Yanks to come and spend money in ... heck, he'd probably even try and buy Wimbledon and build a resort on the outer courts
Brexit pain is still coming, and only a strong, committed government will help us to have a chance going forward
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