It isn't bad news for Britain at all. Britain being in the EU means they have to help bail out broke ass countries like Greece & Cyprus when theu default.
GB is an economic super power, they are better off on their own being self sufficient.
Germany are now left with a load of broke countries waiting for their next welfare cheque.
GB is an economic super power, they are better off on their own being self sufficient.
Germany are now left with a load of broke countries waiting for their next welfare cheque.
I agree it is good news for Britain. It hasn't done anything for the bitcoin price because Brexit has made the UK safer - Brits are no longer subject to the EU's draconian bail-in rules which stole a lot of people's money in Cyprus.
I do not think Brexit has made the UK safer. Britain will not the financial centre in the world, people will suffer.
People are already suffering. Just look at the big hit the pound got. Any company that imports products will suddenly have to pay 15% more for the same product.
This without getting the same revenue back. Believe me in a few months you will see importers sack people since they can't pay they salaries.
but but the ftse 100 is higher then before the referendum!!!
except that ftse100 is mostly multinational corporation that make their money outside the UK with US $ and the UK is starting a massive QE and economic stimulus package in summer.
You need to watch the FT 250 index, it is mainly the domestic companies. It is value is lower than before.
