Guest Article by Daniel Bullen
For those who have read about the British economy after the 2016 EU referendum were, and probably still are, led to believe that the British economy is tanking because of Brexit. The evidence I document in my books show the contrary. We know that when the Brexit result was announced, the Sterling plummeted it a 30-year low level. Don’t we? I document in my book what happened after in my book The Occupation of Britain:
Pretty much as soon as the results were announced which turned out to be a Leave vote, the pound sterling dropped by 11% to its lowest value since 1985. There is an upside to that. With a falling currency value, exports become cheaper which means that Britain would be able to export more goods, which means more money for the UK treasury. Patrick Young, an expert in global financial markets, explained to RT on the 24th June, his optimistic regard on future of British economy resulting from the Brexit vote. Young also suggested that being filled with foreign investments during the last couple of years, Britain then had a wonderfully cheap export through an export boom due to the falling pound. In addition, the UK can sail free with some sort of Norwegian model, without having to listen to the demigods of the bureaucracy in Brussels who cannot understand the needs of the people.
Another effect of Brexit was on the markets through their overreaction. The markets across the world have also plummeted, resulting in the mass panic of the globalist New World Order elites, some of them even losing their personal value. The FTSE 100 London Stock Exchange plummeted by many points to less than 6,000 points. However, the FTSE 100 closed, on the 28th June 2016, at 5982, which was 8% higher than the low for the year on 11th February and higher than 12 days previously. Furthermore, the FTSE is the second best performing major global index after the Dow this year. The 10-year UK Gilt yield had fallen to under 1%, the lowest in history. This was good news for borrowers and investment and Government borrowing costs. Unemployment continues to fall and is the lowest of any major EU country at just 5% of the workforce. In the 3 months to June 55,000 new jobs were created, when businesses knew Brexit was a 50:50 possibility. The basis of our economy is strong, much stronger than other EU countries.
Since the Brexit vote, the FTSE 100 rocketed by 2.25% and the pound sterling bounced back as markets betted on an interest rate cut. The FTSE 100 moved up 140 points and is close to pre-vote high the previous week. London’s market surged to a two-month high last Thursday to 6,338 points. Also after the Friday plunge, the FTSE has reached 6,241 points and is rising, at the time of writing. The Pound also stabilised as it moved away from 31-year low against dollar. Post-Brexit bounce-back may have been fuelled by likely cut to interest rates. This came about as the stock markets and the pound sterling rebounded upwards and eventually approached its pre-Brexit vote high and traders were buoyed by rumours interest rates could be cut. London’s benchmark business index went up 2.25% to 6,275 points, thereby edging closer to the 6,337 two-month high on the eve of the EU referendum.
Experts said that the post-Brexit bounce back may be fuelled by expectations that the Bank of England will cut interest rates in August. For 7 years it has been at 0.5 per cent but could be slashed further towards zero to stabilise the economy. The FTSE 100 had also jumped 1.6% on the 29th June 2016, around 100 points compared with the 21st June’s close to open at 6,236 points, and was now close to pre-Brexit vote levels. There was also a small boost for sterling, which is up 0.07% against the dollar at 1.33, just days after the pound hit its lowest level since 1985. The FTSE 250, which is considered a barometer for the British economy, was also up 205 points to 15,709. In addition, the gains came alongside a small boost for sterling, which is up 0.07% against the dollar at $1.33 just days after the pound hit its lowest level since 1985. Britain would refuse to sign a free trade deal with the EU unless it included curbs on free movement, European leaders were told. In his final Brussels summit, David Cameron warned his EU counterparts that nothing less would be acceptable to the British public after a decisive referendum result. He told them it was clear that the UK had voted for Brexit because the public thought immigration was out of control. One FTSE 250 chief executive even hit out at the enormous stupidity of scare stories. The Treasury and other institutions such as the International Monetary Fund before the EU referendum vote peddled these stories. These institutions had failed repeatedly to comprehend. The Prime Minister’s intervention, less than a week after the historic vote to Leave, had the audacity to blame Britain’s departure on Angela Merkel and other foreign leaders who refused to give him any worthwhile reforms on immigration, which he didn’t even asked for.
The stock market, recovered after falling 5.62% in the two days following the vote. Sterling was also recovering following a heavy sell-off on that very Friday and Monday, as senior City executives called for calm over The Pound, which fell from a high of $1.50 on Thursday the 23rd June before the result to a 31-year low of $1.31 on Monday the 27th June, climbed back above $1.34. The FTSE 100 index was down less than 2% since the start of the year and has gained more than 10% since its 2016 low back in February. The bounce back on the markets came as politicians and business leaders sought to reassure workers and shareholders.
Things didn’t stop there because a number of jobs since the vote continued to be created. I also wrote:
After when the pound fell to a 31-year low after Brexit, this could give British jobs the boost they need, a City expert has claimed. David Buik, from City firm Panmure Gordon, said the drastic fall was good news as it could persuade American firms to invest in the UK.
I also wrote in that same book:
We hear that banks threatening to withdraw jobs from Britain as Brexit took place. On the contrary, as many as 20 banks want to open in Britain despite the vote to leave the European Union, with start-up lenders reckoning the UK remained a good bet. Research by PricewaterhouseCoopers found that nine out of 10 of its clients with planned to start-up British banks had not shelved their plans as a result of Brexit, pointing to more than £200 million of investment in the UK. PwC said almost 20 banks and institutions were looking to gain a foothold in the UK, including several from the EU states, as well as China and Japan (Business of Fashion, 2016). Britain’s banks talked about the new global opportunities presented by Brexit. These came about just over one week after the City of London was spooked by the surprise decision by voters to leave the European Union.
Get this. All this was before Theresa May triggered Article 50 of the Lisbon Treaty on the 29th March 2017. None of what I wrote was documented on the mainstream news was it? No it wasn’t. Even when the Brexit negotiations started, Britain’s economy went from strength to strength. I document in my book The Liberation of Britain Part 1 that:
Opportunities kept on coming. As documented in my book The Occupation of Britain, I have covered the immediate post-Brexit referendum economic boom that took place. They ranged from a massive export boom as a result of British exports being cheaper due to the falling pound sterling, the number of countries that expressed their desire to do a trade deal with Britain, the amount of money that rushed into the London Stock Exchange and the number of new jobs being created. I reported that. Not the fake news business the public relies on heavily for the fake fraud news we call the BBC, ITV and Sky News etc. The Brexit Boom did not stop there. Not even after the triggering of Article 50 on the 29th March 2017 or even the negotiations, which began on the 19th June 2017. Britain still held strong. Even as of 2017, the Brexit Boom remained very strong. Let us take a look at the evidence, not revealed by the fake news business.
The jobs front was also looking good one month into Brexit negotiations as I document here:
On the 13th July 2017, an article for The Telegraph newspaper stated many companies have become bored with the Brexit negotiations and hired staff as normal, according to the chief executive of recruitment firm Robert Walters. Robert Walters, the boss of the eponymous firm, said that there had been strong growth in financial services, IT and small businesses in London, as well as in regional markets such as St Albans and Milton Keynes. UK profits jumped 13% to £24.3 million in the second quarter, in contrast to rival PageGroup which reported a slump in UK hiring on the 12th July 2017.
Another aspect contributing to the Brexit Boom was the number of tourists wanting to visit Britain, which went upwards, not downwards. I know, I know, you heard about the reported hate crimes just after the EU referendum vote to scare us into regretting the Brexit vote. That was all a fraud anyway. Back onto the subject of the Brexit Britain economy, I wrote regarding the tourism sector in Britain:
If foreign tourists have been coming to Britain since the vote in record numbers, 2017 was to be no different. In fact, better. An article from the Telegraph on the 13th July 2017 stated that the British hotel industry was set for a record 2017. This was owing to a substantial increase in both domestic and international visitors planning holidays in Britain. According to a recent report conducted by Barclays, 63% of international tourists were more interested in holidaying in Britain compared to 2016, with 31% of those asked citing the weaker pound as a reason.
A fifth of the respondents said that television programmes such as The Crown, Netflix’s big-budget drama that charted the early years of Queen Elizabeth II’s reign, have influenced their decision to consider a break within Britain. This was especially the case among Chinese at 44% and US at 26% visitors. That shows that Britain remains a tolerant place to holiday, despite what the fake news said about hate crimes after the referendum vote. As you read through the article, you will find that there was a brief outline about the places and cities recommended for tourists to visit whilst in Britain. One place outlined was Glengorm Castle, Scotland. Scotland is the second most-popular destination for international visitors to Britain. Glengorm Castle dates back to the 1860s, in the Outer Hebrides. It’s not just foreign visitors either as the UK so-called staycation is at an all-time high, with nearly a third of British holidaymakers expecting to stay put for their time off, owing to the weaker pound, and less desire to travel to once popular family destinations which have suffered terrorist attacks.
That was just a proportion of what I wrote in my actual books. There was more evidence that I wrote in my book The Liberation of Britain Part 2 with regards to the Brexit economic boom. On the jobs front:
There was no recession. 317,000 jobs were created since the vote GDP kept on going up although not by very much. Stewart for Brexit Central reported that GDP was 2.5% higher in real terms than it was the day before the referendum. In other words, that was 6.1% better than the Treasury forecast. This was equivalent to £135 billion of extra annual production over their estimate, or just over £2000 for every man, woman and child. Wages rose since the vote as Lord Rose by the way, head of Britain Stronger in Europe admitted during the referendum campaign. Western civilisation is still standing. The checkpoint is still in Calais. A Third World War has not happened. Russia is too busy hammering the Daesh terrorist group, in which Theresa May and Amber Rudd wanted to give safe passage to by handing out free housing and welfare. George Osborne was not alone with clear and very gloomy forecasts, albeit amongst official forecasting bodies there was a remarkable groupthink. Take the IMF when its head, the top globalist Christine Lagarde saying that Britain would be worse off in the event of a Leave vote. She lied.
In addition, in my book The Liberation of Britain Part 2, on the sales front, I wrote:
On the 14th December 2017, news came out announcing that retail sales in Britain rebounded strongly in November 2017 as shoppers proved they were not cowed by rising prices and struggling wage growth. So far, the economy is still speculation by all the newspapers and the cable networks. The British economy is still looking good, which is what the political establishment doesn’t want. They just hate it. Sales volumes climbed by 1.6%, defying the 3.1% rise in store prices, which was confirmed by the Office for National Statistics (ONS). Volumes even rose in October 2017 as initial estimates of a drop in sales, which by the way, was the first in four years. The figures were revised away, and in fact retail volumes held firm.
I also document that Britain’s economy was also expanding and well into 2018. This shows that the Brexit economy is still booming and wasn’t the disaster the Remain campaign wanted us to believe and have since the vote, were gagging for a recession. Back to the subject on the economy, I wrote:
The British economy as of the beginning of 2018 was predicted to overtake France’s in 2020 as experts admitted they were too gloomy over Brexit. Too right and I would say this to his face: ‘In your ugly face Big Mac (Macron). Git!’ According to the Centre for Economics and Business Research (CEBR), the British economy would be in for a slow down because of a drop in consumer spending and investment. However, in a turn-around think-tank admitted it had got this wrong, saying: ‘In practice this has not happened.’
The fears its economists expressed over the course of 2017 that Brexit would leave Britain behind France in terms of economic growth for five years were grossly exaggerated. They concluded that, despite fears of the media spin of a so-called Brexodus of financiers, the City of London (I would say the best national capital the world has ever seen) actually increased its lead as the world’s financial centre since the EU referendum. The CEBR said that a trade deal with Brussels looked more likely after Theresa May agreed a transitional deal with the EU. It said Britons should expect lower inflation and higher wages, easing pressure on family finances. In addition, the think-tank predicted that Britain, world’s sixth-largest economy, would overtake France in 2020, a year earlier than it originally forecast. That is why we see Big Mac wanting to rape and pillage the City of London. The good thing was that the little boy didn’t get his own way, just like Napoleon. Back to the economic news not talked about by the likes of the BBC, ever, Britain will also be overtaken by India and then by Brazil, making Britain the seventh-biggest economy by 2028. That is not because of Brexit. India and Brazil have been emerging for a number of years. Conservative MPs hit out at economists for their gloomy forecasts over the Brexit referendum.
Wages also rose in Brexit Britain. This wasn’t reported by the mainstream media. Further in my book, I wrote:
Aldi was set to give thousands of its staff a pay rise after it hit £10 billion in sales over the course of 2017. From the 1st February 2018, store assistants will earn a minimum hourly rate of £8.85 nationally and will rise to £10.20 for those who work in London. Sales increased more than 15% over the course of December 2017. Aldi saw a surge in demand for products such as mince pies and Prosecco. In addition, Aldi opened 76 new stores in 2017, which brought the total number up to 762. Bosses stated that they wanted to have opened 1,000 in Britain by 2022.
These are just some of the positive economic stories, which we didn’t hear about in the mainstream media. Whenever positive economic news was reported, the two words ‘despite Brexit’ was always in the headlines. Why was that? This was because most of the mainstream media didn’t want Britain to leave the unelected EU. I also document how I would improve the British economy in my book Restoring Britain post-Brexit, which you can find in the second link below.
The Liberation of Britain Part 1: https://www.amazon.co.uk/Liberation-Britain-Part-1/dp/1982917032/ref=sr_1_2?ie=UTF8&qid=1528812440&sr=8-2&keywords=Daniel+Bullen
The Liberation of Britain Part 2: https://www.amazon.co.uk/dp/1983300659/ref=sr_1_5?ie=UTF8&qid=1530889196&sr=8-5&keywords=Daniel+Bullen