Brexit has made UK less competitive and will make workers poorer over next decade, report says.

@ailiphilia

Around a third of brits - supposedly the richer ones - are investing in capital markets, and a large part of these capital investments are denominated in USD. Since the day of the Brexit vote, the GBP lost 20% against the dollar, so investors increased their asset values in terms of GBP by 20% just by the currency devaluation alone.

Following concerns that the UK will be less attractive as a base for foreign companies, the British government reduced the corporate tax rate from 20% before the Brexit vote to 19% in 2019 and further to 17% in April 2020. Out of the rich and the poor, guess who is going to benefit?

@incici

Of course it did. Just as everyone predicted.

Brexit has made UK less competitive and will make workers poorer over next decade, report says.

Brexit has made UK less competitive and will make workers poorer over next decade, report says.

Brexit will make UK workers poorer over next decade, report says

Europe

Brexit has made UK less competitive and will make workers poorer over next decade, report says.plus-square

Brexit has made UK less competitive and will make workers poorer over next decade, report says.plus-square

Brexit will make UK workers poorer over next decade, report says

Europe

Brexit has made UK less competitive and will make workers poorer over next decade, report says.

Brexit has made UK less competitive and will make workers poorer over next decade, report says.