Smoke and mirrors between Theresa May and Nissan UK

Press barking up the wrong tree: The only deal probably was to exchange one vague, meaningless press release from Theresa for another vague, meaningless press release from Nissan. Theresa May must have been horrified and appalled meeting with Carlos Ghosn. Here is a Brazilian born, Lebanese and French national; French educated; fluent in those three languages, English and with working

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BofE interest rate cut: yet another Brexit stupidity or political?

‘For God’s sake, DO SOMEthing!’ must have been the thinking at the Bank of England when cutting interest rates to 0.25%. This appears to be knee-jerk monetary policy: leading economic indicators are way down, so let’s cut rates…. That the UK economy is slumping following the Brexit vote is obvious: PMI’s in services and manufacturing have shown the most rapid

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Wrong on the Pound Sterling, again.

‘Your currency is a disaster’ said Nigel Farage in his address to the European Parliament the day after Brexit vote. Well, maybe he should look again. The Euro has outperformed the Pound Sterling against the US Dollar in every relevant period over the last four decades. The Euro has been stronger against the US Dollar in the period from 1st January

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Fifth largest economy is a blip on the global radar

Technically, Boris Johnson was correct: the UK was the fifth largest economy in the world. But things move quickly these days. With the Pound Sterling declining 12% since Brexit vote, France has now overtaken as the fifth largest economy in the world. Even before the EU Referendum, to think that the UK economy is meaningful in a global context was ludicrous. At

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Boris Johnson: arithmetically challenged!

The numbers that are perfectly clear are that 333,000 net immigrants entered the UK in 2015. Boris then focussed on the 184,000 from the EU while never really addressing the 188,000 from the Non-EU and completely ignoring the 39,000 Brits emigrating. The sum really is 184,000 EU immigrants + 188,000 non-EU immigrants – 39,000 UK emigrating from the UK  = 333,000 net immigrants.

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