Monday 25th July 2016
Good morning, friends,
In this issue of Money Truths….
- No financial Armageddon – at least not yet….
- The rebalancing act….
- The dangerously sick man of Europe….
- The bail-out is coming….
- The natives are restless….
No financial Armageddon – at least not yet….
Prior to the Referendum on EU membership, we were subjected to ‘Project Fear’.
The incumbent Prime Minister, his Chancellor, senior politicians, business leaders and other ‘Influencers’ all promised the British people misery, mayhem and catastrophe if we were foolish enough to vote Leave….
‘Britain would be poorer by £4,300 per household….’ (George Osborne, 27th February 2016)
‘The value of people’s homes will be affected and people trying to get on the housing market will be hit….’ (George Osborne, 8th May 2016)
‘Across Britain as many as 820,000 jobs could be lost….’ (George Osborne, 23rd May 2016)
Health Secretary, Jeremy Hunt, said the NHS would be ‘starved’ of cash. Energy Secretary, Amber Rudd, said energy bills would ‘soar’. Education Secretary, Nicky Morgan, said a Brexit vote would ‘devastate’ the life chances of children and young adults….
We were told businesses would vacate the country overnight. President Obama told us we’d be at the back of any trade-deal queue….… Click here to read more