Every now and again someone – often Kamal Sharma from Bank of America (BofA) – warns that sterling is at risk of being downgraded to ‘emerging market’ status. This is lapped up and gleefully retweeted by anyone with an axe to grind against Brexit, or Boris Johnson.,, However, as Sharma himself rightly said in his … Continue reading No, sterling is still in no danger of becoming an ‘emerging market currency’
Tag: Boris Johnson
According to Brexit pessimists, the UK economy is already as much as 3% smaller than it would have been if the UK had voted to remain in the EU, and the deal that Boris Johnson’s government has negotiated could reduce GDP by another 7% over the next ten years. Fortunately, neither of these numbers stands … Continue reading What would Boris’ deal mean for the economy?
The proliferation of daft conspiracy theories has been one of the more depressing features of the painful process of leaving the EU. You might expect this nonsense from notoriously sloppy journalists, ‘fake news’ websites, or desperate politicians. But even some otherwise fairly sensible people have claimed that government policy is being driven by a cabal … Continue reading Debunking the myths of Brexit ‘disaster capitalism’