What is Brexit doing to the economy in your view? So far we seem to be experiencing wage growth, GDP growth and low inflation.

It's going to cause breadlines, but I disagree with the OP's sentiments expressed here. This money IN is smaller than our war expenses OUT, and it was always so.

Arms dealers rip off the nations populations whose governments they sell arms to.

Why would it cause breadlines? Are people going to stop baking bread?

> It's going to cause breadlines

Pure assertion.

> Pure assertion.

It’s also what was asked for.

> What is Brexit doing to the economy in your view?

We did have a block of inflation move through following the devaluation of the pound. It might be low now but the prices are still higher.

If you look at actual numbers, brexit isn't doing much to the British economy. There's plenty of doomsaying in oral and written communications, but when people and institutions put their actual money in the game, the expectation seems to be that there's going to be life as usual.

Though it hasn’t happened yet, and there is no real plan and total disarray. It’s not a reassuring situation.

I understand why people are distressed, because the press and other media make a lot of noise about imminent disaster. However, markets price in ahead of time any impacts that they foresee, and we can observe that

- Britain's government debt yields, e.g. 2 and 10 year bonds, remain at similar levels to pre Brexit vote, and unlike before 2016, 10-year yields are now lower than US 10-year yields

- in currencies, the GBP has remained fairly stable against EUR and USD.

I have no doubt that there will be some impact. I did not wish Brexit to happen. But I see some positive signs as well (mainly in that this forces EU leaders to sober up).

The Brit pound devalued by about 20% V the USA dollar. The buoyant export market is propping up the brit pound as it's cheap to export but staples like food imports have risen in price. A recent report indicated that the UK economy would have grown something like 8% more had there been no brexit.

Brexit is a disaster.

It devalued instantly after the unexpected voting result, but has since then recovered.

Compared to historical shifts over past decades, the impact of Brexit is not very visible on a chart. The falls from 1970 to 1975, or 1980 to 1985, or in 2008, are clearly more dramatic.

https://www.poundsterlinglive.com/bank-of-england-spot/histo...

"Recent reports" are many and contradictory, as usual.

Recovered?

Nonsense. The historical trend for the pound is to be worth $1.5 whereas it’s trundled along around $1.2 since. Stop making up excuses for the disaster that is brexit.

No sane nation would leave the EU.

How is Saudi Arabia providing hard currency? UK has a central bank and a British Pound. Did you mean to say somehow Saudis are providing stability to £ by using their $ from oil sales to prop it up? I don’t think that makes sense.

Well, Saudi Arabia pays for the weapons in American dollars. It's not hard.

What percentage of GDP is arms sales to Saudi Arabia? You could then say USD is propped up by Saudis as well since they sell more arms to them than UK, much more actually.

I think you need to go research what hard currency means. You’re all over the place with your response.