Shop Prices Fall as Barclays Boss Says Brexit Impact Negligible, UK-U.S. Relationship More Important

Prices DOWN in the shops, top bankers saying any Brexit hit to the economy will be unnoticeable, and London’s place as the world’s number one financial centre secure – while its nearest EU competitor (Frankfurt) slides nine places to number twenty.

It’s easy to gloat, but we should be angry no-one at HM Treasury has been sacked for their laughable and obviously bogus pre-referendum reports threatening an “immediate” recession and 500,000 job losses if we voted Leave.

They lied to the public, plain and simple.

Staley also suggested that developments in the U.S. under President Donald Trump might be more important to Britain than its future relationship with the EU, as the populist leader reshapes the American economy to make it more competitive.

“In some ways bigger than Brexit is the decision of the U.S. government to drop tax rates down to 20 per cent,” he observed.

There’s been a pullback on some of the regulatory intensity in the U.S. and we feel that as well.

“Not only does the UK have to keep an eye on what’s going on in Brussels and how to negotiate Brexit with the European Union, we also need to keep an eye on the very dynamic and changing situation in the U.S.”

 

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Shop Prices Fall as Barclays Boss Says Brexit Impact Negligible, UK-U.S. Relationship More Important