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Originally Posted by 1andrew1
I was not comparing the UK to the EU. I was asked for evidence that the country was poorer and I supplied it - we've fallen to the sixth largest economy. As a patriotic Brit I'm saddened by that.
I wasn't answering a question on problems in the Eurozone. Interestingly, it did once look as if the Euro would implode but now it looks as if the worst is behind it. I'm no fan of the Euro project and I've been surprised that it has survived but survive it has and I can't see it imploding. But then if there's anything the last few months have shown, anything can happen!  |
You were saying that the UK will be worse off as a result of Brexit and the resulting fall in the value of Sterling:
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Remember, leaving the EU means a poorer country with less money to spend on our armed forces, schools and hospitals.
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... and I'm saying that staying in the EU would not really have changed that in the longer term for a number of reasons. If you look back our position in the league table of largest economies has changed before due to currency fluctuations - it goes both ways and has pros and cons.
The worst is certainly not behind the Euro, there's plenty more to come but I guess we'll have to differ on that. Time will tell one way or the other but I think we can agree we're in uncharted territory and that's why Sterling is suffering - uncertainty.