Beyond Currency

5 July 2022 - The UK must accept Brexit and build a new economy


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There were comments made from both sides of the political spectrum that support the UK’s departure from the EU and confirm that neither future Conservative or Labour Governments would seek to rejoin.
The leader of the opposition, Sir Keir Starmer, spoke of the need for the UK to move on from the arguments of the past, that the country would remain outside the single market, customs union and the free movement rules.
Starmer received stinging criticism from members of his own Party, who favour an attempt by any future Labour Government to rejoin.
While there is little doubt that Brexit has contributed to the current economic slowdown, it is not the dominant feature. The inability of supply to keep up with demand comes from further afield than Brussels.
Jacob Rees-Mogg, the Brexit Opportunities Minister, spoke on radio yesterday of the missed opportunities for the country to benefit from its departure from the European Union. It is obvious that dealing with the Pandemic had to receive top priority as the Government dealt with the effect of Covid-19.
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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