Brexit could be the best thing that happened to the European Union | World Economic Forum

In this outstanding article by the WEF, the conclusion is that Brexit will be a hard one, which will hit the UK economy and be felt hardest by those who voted for it.

Source: Brexit could be the best thing that happened to the European Union | World Economic Forum

The article recognizes that those that voted for Brexit ignored the economic arguments. By and large, Brexit appealed to older less well educated voters.

English: Official logo of the World Economic F...

English: Official logo of the World Economic Forum. (Photo credit: Wikipedia)

The arguments in this article are well developed. With the projected economic downsides, it will be interesting to see if voters waiver in the UK’s general election. Remainers seem to be fighting for a softer Brexit but will they gain traction?

Thoughts?

The UK economy under a Conservative Chancellor has performed worse than any other OECD economy besides Greece

According to evidence from Oxford economist, Simon Wren-Lewis, the UK economy under a Conservative Chancellor has performed worse than any other OECD economy besides Greece.

Source: mainly macro: Breaking the ‘strong economy’ narrative

It’s worth speculating on the next five years under another Conservative Government who seem ready to settle on a Hard-Brexit. The years since the 2008 Financial Crisis will probably be remembered fondly. I fear that the outlook is bleak.

After all, until now the Conservatives have been in a coalition or just had a slim majority. With a resounding 100+ majority, the Conservatives will perhaps push the UK to a full-blown Greek disaster? Surely, Theresa May doesn’t have the leadership qualities to achieve radical reform?

Thoughts?