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UK Treasury chief tries to calm fears over 'Brexit' fallout
LONDON — Britain’s Treasury chief sought Monday to ease concerns about the vote to leave the European Union, saying the economy is as strong as it could be to face the uncertainty — even as a survey showed many companies are looking to move business out of the country.
The pound hit a new 31-year record low, dropping another 3.3 percent to $1.3227. Stock markets also declined across Europe.
Osborne pledged not to impose a new austerity budget — even though he said during the campaign that one would be necessary if voters chose to leave the EU. He said another budget would be the task of Cameron’s successor.
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What else will change once England leaves?
England will now have tariffs on it's goods.
Raw material will cost more. Of course these things will cost jobs.
People will need passports to visit other countries in Europe.
They will no longer be able to live anywhere they want in Europe.
Their movement and where they live will be restricted. England will no longer get EU dollars for science and research. It's scientists will no longer be able to move about Europe without permission.
And Scotland and Wales are talking about dissolving an agreement they've had for 300 years. That could mean that the English will need a passport to visit those countries.
Remember what Conservatives did to this country under Bush?
Brexit Revealed the Always on the Make, Money-Grubbing Grifter That is Donald Trump
LONDON — Britain’s Treasury chief sought Monday to ease concerns about the vote to leave the European Union, saying the economy is as strong as it could be to face the uncertainty — even as a survey showed many companies are looking to move business out of the country.
The pound hit a new 31-year record low, dropping another 3.3 percent to $1.3227. Stock markets also declined across Europe.
Osborne pledged not to impose a new austerity budget — even though he said during the campaign that one would be necessary if voters chose to leave the EU. He said another budget would be the task of Cameron’s successor.
------------------
What else will change once England leaves?
England will now have tariffs on it's goods.
Raw material will cost more. Of course these things will cost jobs.
People will need passports to visit other countries in Europe.
They will no longer be able to live anywhere they want in Europe.
Their movement and where they live will be restricted. England will no longer get EU dollars for science and research. It's scientists will no longer be able to move about Europe without permission.
And Scotland and Wales are talking about dissolving an agreement they've had for 300 years. That could mean that the English will need a passport to visit those countries.
Remember what Conservatives did to this country under Bush?
Brexit Revealed the Always on the Make, Money-Grubbing Grifter That is Donald Trump