How the British Brexit Economy Works 213

1) A containerful of shoddy training shoes are produced in China, shipped to UK, sorted by lowly paid British zero hours workers and put on shelves of High Street sports shop.
2) While this is happening, sterling plunges 25%.
3) Coachload of Chinese tourists visit sports shop attracted by collapsed pound sterling. They exclaim “Wow Western trainers! And so cheap”. They buy them to take back to China as gifts for family members they don’t like that much.
4) Declare a Brexit sales boom!

The expert among you will have noted this economic model is not very sustainable.

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213 thoughts on “How the British Brexit Economy Works

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  • michael norton

    Looks like since the Freedom Referendum our United Kingdom Economy is going rather well, not that that suits the remoaners.
    Mark Carney humbled by Bank’s U-turn: He makes biggest EVER upgrade to official growth forecasts and admits they got it wrong

    The Bank of England yesterday admitted it had been too pessimistic about the UK’s post-Brexit economy as it upgraded forecasts for growth.

    In a humiliating U-turn for Governor Mark Carney, the Bank raised forecasts for this year and next – abandoning plans to cut interest rates.

    The upward revision for economic growth next year – from the 0.8 per cent forecast in August to 1.4 per cent – was the Bank’s biggest ever.

    It warned interest rates may be raised to combat inflation, which it expects to hit 2.75 per cent by 2020, as the pound’s fall makes imports more expensive – increasing the price of everyday goods.

    Just three months ago the Bank cut interest rates to 0.25 per cent and warned a further drop to 0.1 per cent was likely this year.

    But yesterday it held interest rates at 0.25 per cent as the latest forecasts made a mockery of warnings that a vote to leave the EU could trigger recession.

    Mr Carney – who faced calls to resign over his role in Project Fear – conceded the economy was doing far better than he had expected.

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