Another bad week for Brexit. Here
are a few of the lowlights.
The UK lost the EU medicines agency
and banking authority in spite of rather bizarre assurances from Brexit
secretary David Davis that in this instance, Brexit would not mean Brexit and
they would stay in London. So up in smoke went more than 1,000 high quality
jobs the UK had fought very hard to get, and our international prestige
received a huge dent.
It was revealed that since the
Brexit vote, European banks had dumped £350bn of UK-linked assets. That’s more
than twice the entire NHS budget.
Brexit will cut government tax
revenues by £42bn between 2019 and 2021. That’s about half the entire education
budget. And because of the higher prices it has caused, Brexit has produced an
effective £448 pay cut for every worker.
And one thing we can be sure of,
until Theresa May changes course, there will be plenty more bad news.
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