RE: Comment23 Dec 2018 14:26
@ snige ,
Jayfax our Uber remaine Economist reckons Sterling will fall 20% upon a Hard Brexit . I think more like 10% , our manufacturing base will thrive and productivity increase .
The downside will be inflation , which is something the Great British public will have to learn to live with for a few yrs . The MPC will show their incompetence should they raise rates on this imported inflation , as such Chancellor should change their remit from fighting Inflation to enhancing Economic growth . As a nation we need inflation of ~7% over 7 yrs , balanced budgets , which would reduce our ND from 86% of GDP to 43% , the lowest in G7 . We would become the envy of the Developed world and other countries will seek to emulate our example .
Mortgage LTV for millions of homeowners will also improve in that time span .