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Brexit Britain: A steal… July 30, 2019

Posted by WorldbyStorm in Uncategorized.
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A small snippet in the Observer business leader at the weekend caught my attention. It noted that sterling has ‘fallen by about 17% against the dollar since the referendum’ and this has the effect of making UK companies a relative steal for buyers in the US. Moreover the ‘light touch’ approach of the UK government means that unlike other European states – who, whatever the nonsense put about by Lexiteers tend to practise a starkly more interventionist approach in such matters – there is unlikely to be either political involvement in stymieing such take-overs.

Which leads to this thought provoking couple of paragraphs:

If the pound collapses after a no-deal Brexit, UK firms will become even cheaper for buyers should they have the stomach for it.
A buyout frenzy would raise questions for the new government. Will it seek favour with the US and preside over anything-goes capitalism? Or does it come under pressure to live up to its nationalist rhetoric and intervene?

And so another contradiction of Brexit comes to the fore.

Comments»

1. Roger Cole - July 30, 2019

What a stupid question. The “nationalist” stuff from the Tories wiil not effect in any way whatsoever their continuing neo-liberal poiicies of selling off the remaining state assets including the NHS.

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