Quote: wrencat1873 "If you read the Governor of the Bank of England's recent assessment of UK's prospects of growth, it points quite sharply to the damning effects of Brexit.
Just as the rest of Europe will struggle with energy costs and supply issues, he says that due to leaving the EU and the huge drop in the value of the £, the UK will
have a longer and deeper recession.
No longer is he talking about "if" there will be one but only about it's magnitude.
Add to this the utter lack of strategy form the current government, who are too busy with self preservation and it looks like we may be in for a rough ride and that's before you consider the size of the national debt and rising interest rates which make that debt harder to manage.
Also, it seems like BJ are very appropriate initials for our PM.'"
The exchange rate is a red herring - the pound vs euro is roughly in line with where it was at the time of exit - it is in fact strengthening. It looks like the Eu is very weak against both the £ and US$
I would agree about the lack of strategy though