Quote: Roy Haggerty " Yesterday many British companies had 20-30% wiped off their value in one day, the FTSE 250 had its largest single day loss ever, and the pound is at a low level it hasn't seen for 30 years.
This isn't opinion. It isn't scaremongering. It's actual fact. It's what actually happened in the last 36 hours.'"
Ok Mr Haggerty, let's analyse your figures in a bit more detail than your favourable isolated instances.
Many British companies had 20-30% wiped off their value.
Quite possibly true, but you should know (
www.ons.gov.uk/economy/nationala ... de/apr2016
Since our common market entry we've seen a continual downturn in our exports and a huge increase in imports from the EU.
Only this April there was yet another widening in the deficit with the EU with a fall of 10% in the last 15 years of export to the EU.
ONS data shows that UK exports have grown at an average rate of 8.7% in nominal terms over the last four decades (1974 -2014), however the level of UK exports as a proportion of world exports has been gradually declining. World Bank data shows that the UK’s share fell from 7.3% in 1970 to 3.6% in 2014, indicative of slower UK export growth relative to a number of other global economies such as China, Germany and the USA. This decline marks a halving in the UK’s share of world trade since the 1970s. In 1970, the UK held the 3rd highest export share among the G7 economies and China but has since alternated between 3rd, 4th and 5th positions
You're an embarrassment.
