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Posts Tagged "EU"

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Posted On 16  Oct  2016  

Mrs. May’s Little Britain

I have just returned from London after three weeks. Things are not looking so good. The disunited Kingdom, this island is a conglomerate of union of nations, all of which not sure of their own national identities.  Collectively all are international traders, shop keepers and shoppers. The economy is hugely focused on service industries, having decimated the manufacturing sectors, and is thus import dependent. In a global connected world of supply chains, almost nothing, except tables and chairs can be made without imported materials or parts. With the British Pound falling, the price of those imported goods is rising. British consumers will be paying more for their purchases as a result. This means higher domestic inflation. Which in turn means higher interest rates, implying higher mortgage and other borrowing costs. That means lower profits for companies and lower net savings for consumers and less of what money can buy. Which