After the Referendum, we thought Brexit would have a very drastic effect on the British Economy. The pound has gone down against the US dollar but the economy is still going strong, services and manufacturing are surprisingly on the rise, retail sales too have been going up. As the pound has become cheaper, thousands of Chinese, EU, US and other foreigners are coming to London for a shopping spree which has helped boost business confidence in Britain.
PM Theresa May and Foreign Secretary Boris Johnson have also toured to EU states for better deals when Article 50 will be invoked in 2017. They too will have free Trade Agreements with China, India, USA, Australia, Canada, Commonwealth and other Countries. So it seems Britain will be better off outside the EU which will have biggest problem of immigrants from the Middle-East and Africa resulting in more economic, political, cultural and terrorism issues!
Upendra Kapadia
By email
