Uncertainty for the Pound Sterling as Memo is Leaked


pound-uncertainityTheresa May, the UK Prime Minister, told the country to take the new opportunities ahead and to set the standard for other nations to follow during her recent speech. The speech had a positive reception but was later overshadowed by a memo that was made to the Cabinet Office. The Times and the BBC saw the memo and reported that it spoke about the lack of a common exit strategy for the country. The government denied what the memo said, according to a BBC report. The memo noted that it would take at least another six months to prepare to Brexit and require as many as 30,000 additional staff members to handle the amount of paperwork involved. Read more of this post

George Soros On Brexit


welthymattersBrexit and the Future of Europe

 

“Britain, I believe, had the best of all possible deals with the European Union, being a member of the common market without belonging to the euro and having secured a number of other opt-outs from EU rules. And yet that was not enough to stop the United Kingdom’s electorate from voting to leave. Why?

The answer could be seen in opinion polls in the months leading up to the “Brexit” referendum. The European migration crisis and the Brexit debate fed on each other. The “Leave” campaign exploited the deteriorating refugee situation – symbolized by frightening images of thousands of asylum-seekers concentrating in Calais, desperate to enter Britain by any means necessary – to stoke fear of “uncontrolled” immigration from other EU member states. And the European authorities delayed important decisions on refugee policy in order to avoid a negative effect on the British referendum vote, thereby perpetuating scenes of chaos like the one in Calais. Read more of this post

%d bloggers like this: