If you really want to understand Brexit, look at the currency exchange rate of GBP vs EUR
Up until the financial crash of 2008, 1 EUR bought you about 60p
Then it rocketed up to buying about 90p
Up until the financial crash of 2008, 1 EUR bought you about 60p
Then it rocketed up to buying about 90p
SOME people - like @RishiSunak and Crispen Odey - made a mint from betting against the pound
Then things stabilised again - we got back to 1 EUR buying about 70p until 2016
So - money betters engineered another tectonic shift in the currency markets
Brexit
Then things stabilised again - we got back to 1 EUR buying about 70p until 2016
So - money betters engineered another tectonic shift in the currency markets
Brexit
Since 2016, 1EUR roughly buys you 90p
It is unlikely that the GBP will return to 1 UR buys 70p,
So the new game is to push the balance the other way
Expect 1 EUR to buy 1,3 GBP in 2021 to 2022
And guess what?
A few people will make lots of money
At the expense of the rest
It is unlikely that the GBP will return to 1 UR buys 70p,
So the new game is to push the balance the other way
Expect 1 EUR to buy 1,3 GBP in 2021 to 2022
And guess what?
A few people will make lots of money
At the expense of the rest
Handy graph to illustrate https://www.macrotrends.net/2553/euro-british-pound-exchange-rate-historical-chart
Note as well that these money gamblers will also happily sell of public services to foreign investors and pocket the money
It was never about sovereignty
Or fish @johnredwood
It was about putting money in rich peoples pockets
It was never about sovereignty
Or fish @johnredwood
It was about putting money in rich peoples pockets