Blog Archives

Risk

Here are what I see as the big risks of brexit, in no particular order: 1. Lower immigration leads to an increasingly top-heavy population in that we have fewer young workers to support old non-workers. Young people’s pay has been

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Growth

Exciting economic growth figures: 2% growth in 2016, 0.6% in the last quarter. In social media there is a lot of pro-Brexit sentiment over these figures. In other words: “Our economy is working pretty well, let’s completely change it” –

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The market can stay irrational longer than you can stay solvent

Today we are getting lots of news reports saying the economy is doing very well post brexit with everyone patting themselves on the back for ignoring the experts. On 24th June I woke in an alternate universe. I now learn

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Bias

Recently we have had a lot of brexiters being very eager to point out that the total collapse of the UK economy has not yet happened and things are looking good because certain companies are creating jobs in the UK.

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Salary growth, or lack thereof

There’s been some bad and unsurprising news about Britain’s total lack of wage growth in the last 10 years. It’s worth mentioning here that Britain’s wage growth in this time frame has been worse than every single other EU country

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Deficits

With the government today admitting that brexit is going to be an extremely expensive undertaking, it is worth putting the current public deficit figures into some context. Pre 2008, we were running a deficit of around £20bn/year. Since 2008, we

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Dissonance

Whetherspoons: Man who campaigned for brexit complains that brexit will make it harder to buy from EU based suppliers. A lot of people seem to be having trouble comprehending the fact that the value of a pound is not constant.

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