Why we will survive the Brexit cliff edge

Britain voted to leave the European Union on 23 June, 2016. June 24, the pound plummetted. The economy of Britain right now is in shambles and will predictably lose growth yearly until the UK is capable of returning to being outside of the EU.

People state that Brexit will be the end for the UK. People predict the economy will collapse after and that Britain will lose it’s economic might and split back into England, Scotland, Wales and Ireland. However, well by no point will Brexit help the British economy it is not doomsday yet.

Is Brexit an opportunity or a killer for Britain? There is opportunity for both left and right in Britain. Being unburdened by EU rules and free to reach out to the world. There is hope yet.

The United States and China have already offered to sign a trade deal with Britain ready for when the United Kingdom exits in 2019 from the EU. Although Brexit talks right now are a slump, and the European Union and Britain aren’t getting along nicely right now with Brexit talks with the 2017 UK General Election backfiring in Theresa May, progress for after Brexit outside of Europe are going pretty well. The biggest economies and our closest of allies are already preparing or already have prepared to get a trade deal and a foreign relation with the UK ready for 2019. Because the current UK government is a minority Conservative government (backed by another Conservative Party with a no-confidence deal (DUP-Con Pact)), the debate in the Houses of Parliament can sometimes be slow, with the left and the right and the centrists and independents leveling against each other, deals to give to the EU are slow, so currently the only UK problem with trade is in fact in the EU. On foreign nations, the HOP are usually quick to accept.

The pound value is currently on a very long roller coaster ride, one day rising, the next plummeting. After Brexit, the Pound will survive and still be worth more then the USD. Currently, $1 is still only equivalent to £0.78, as of August 24, 2017. Once again as with trade, the economy will stabilize and the pound will still be strong. Not as strong as it used to be, but still stronger then the Euro and the Dollar. The other thing to remember is the pound is only dropping due to a drop in confidence. Once the uncertainty of Brexit negotiations are removed it may stabilize and regain it's value.

Currently, both nominally and PPP-wise, the UK economy is still a powerhouse. Nominally, it is the 5th largest economy on the planet, standing at just over $2.63 Trillion, above France, a EU country member and a member of the Eurozone. PPP-wise, the UK stands at 9th with $2.9 Trillion, again above France, but below Germany, another EU member and higher GDP nominal than the UK too. In forthcoming weeks and years, predictions for the GDP both PPP and Nominal, are expected to actually increase a bit instead of decrease than what was thought when the UK was leaving. It is expected to reach about $2.675 Trillion some sources say, still above France but retaining 5th, with the same nations above it as before.

Despite what many people think, British people have no fear as the economy will survive and eventually start to thrive after we leave in 2019 or later. Few jobs will be lost, and new jobs will be made to compensate for things the EU did for us instead of a human taskforce doing that. Tax income will increase, giving more money to the UK and therefore being able to make quality of the UK living better over a period of time and we’ll rebuild what we lose from leaving.

#Brexit