Viewing posts for the category Economics
So, you think the Brexit situation is complex. Nope! It is actually very simple. In fact, Bill Clinton had the answer way back in 1992: "It's the economy, stupid". The central issue with the Brexit negotiations is the Single Market and the UK's continuing access to it after withdrawal from EU membership. That's it, in a nutshell. It is the UK's single largest market and without it the UK economy will get worse, a lot worse.
Well, Theresa May actually. Here are her actual words less than one year ago:
An astounding referendum result will take the UK out of the European Union, the Pound is in free-fall, the stock market has plummeted, there are hourly announcements of major employers leaving the UK and the Prime Minister has resigned. An omnishambles doesn't even begin to describe the mess the UK is in and yet George Osborne, the Chancellor of the Exchequer, hasn't been seen in public since before the EURef.
This incoming Thursday is the 24th of March, 2016. Had a Yes vote prevailed in the referendum, March 24th would have been Independence Day. The following is a quote from "Scotland's Future" also known as "The White Paper".
Just like his coalition government colleagues, David Cameron and William Hague, George Osborne makes an anti-independence and, in this case, an anti-Scotland speech but refuses to answer questions from the press.
Unionists, and their friends in the mainstream media, made a big fuss this week about a so called "Top Secret" leaked report in an attempt to overshadow the real news in the GERS report.