I changed my mind on Brexit. Having joined a public speaking club to support being disciplined in my work, I held my second speech on Thinking Out of the Box – Brexit. I discussed this unimaginable saying I thought originally Brexit failing is unimaginable and therefore not discounted and admitted to misreading sentiment. I believe most people hope it fails, wish it to fail, but since Britain has gone this far and it really is its character (fiercely independent I said), Britain will see it through. The welcomed flexibility and I suspect a kind of tax haven will keep it attractive for investors and businesses as an independent Britain.
Unimaginable #8: Britain capitulates on Brexit…NOT. Changed my mind on this one! – Higher Europe growth causes Britain to wonder if she prefers higher growth and/or a weaker currency (many will argue, a weaker currency will fuel higher growth). The Brexit negotiations keep the uncertainty sky high! There is a lot of wishful thinking that Brexit fails, but at the moment it has just been postponed. Europe will get used to the idea and learn its lesson to promote its Strengths in order to convince others to stay. Looks like compromises enhance the process… Britain–the next tax haven?
Best wishes for a Happy Holiday Season and Guten Rutsch (good start/slide) into the New Year!
Don’t hesitate to make comments on the “Unimaginables” link above. 2018 should continue to be a good year for markets, the US elections will be interesting…