Monthly Archives: August 2016

On Brexit Economics

Untitled1It comes to my attention that the media is reporting that the UK economy is doing well post Brexit. I’d like to address this point, because misunderstanding the economic situation tips the scales against the urgent need to block the UK’s departure from the world’s largest trading block.

Is the economy doing fine? In short, no. The Bank of England has cut rates to a new record low and resumed quantitative easing. Mark Carney has forecast at least 250k job losses.

So what’s the beef? Continue reading